Shana A. Larson’s Blog

 Choosing a Real Estate Agent

Below are some preparations you can make prior to contacting an agent. You can also call or email us anytime and we can guide you through the entire process as well.

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 Choosing a Real Estate AgentThe Three most important criteria for selecting an agent are:

1. Level of service
2. Selling quickly at expected price
3. Reputation of agent and company

Five Reasons A Property Sells:

1. Location
2. Price
3. Terms
4. Condition of the Property
5. The Agent you select

YOU CONTROL FOUR OF THESE!

Cooperative Sales In Florida:

Over 67% of all property sold in the Multiple Listing Service is a Cooperative sale. For that reason your selection of a company should be based on who will represent your best interests and give you the best service.

Potential Dual Agency

A Seller’s agent has the obligation of providing you client level services in a fiduciary relationship that include:

• Loyalty
• Obedience
• Disclosure
• Confidentiality
• Accounting

The selling agent, acting as a sub-agent, has the duty to exercise reasonable skill and care in the performance of the Broker’s duties, a duty of honest and fair dealing and a duty to disclose all facts known to the Broker that materially and adversely affect the consideration to be paid for the property.

A dual agency situation can arise if, after your agent has entered into an agency relationship with you, one of the salespersons in their company accepts an agency relationship with a buyer. If that salesperson shows your home, the agents will in effect be representing both parties.

This is a potentially challenging situation because it is difficult to afford both parties full client level services. Dual agency should only be entered into with the written agreement of both buyer and seller.

If this situation develops, you make an election for your agent to go ahead and show the property and pursue an offer. By making this election, you need to understand that part of the duties of disclosure cannot be made because it would violate the confidentiality with the other party.

In representing both the seller and the buyer, the Broker will not, without the express written permission of the respective party, disclose to the other party that the seller will accept a price less than the listing price or that the buyer will pay a price greater than the price offered.

In all circumstances, both seller and buyer should expect diligent exercise of reasonable skill and care in the performance of the Broker’s duties.

Agency is a legal relationship and a written agreement should be completed to explain all the duties and responsibilities.

For Sale By Owner Headaches:

• Window-shoppers
• Lookers stopping at all hours of day & night
• Mis-pricing home
• Inability to qualify buyers
• Letting strangers in the home
• Negotiating with buyer
• Knowing everything that needs to be done
• Missed opportunities when away from home
• Buyers wanting the commission savings
• Buyers who don’t like to deal directly with owners

Pricing Your Home

Your agent wants you to get the highest price and you want the home SOLD.

Sellers Control Salability — The seller controls the condition of the property, the terms they will consider and the asking price. Your house will be marketed at the price that will be in YOUR BEST INTEREST.

The Market Controls Value — Beyond the control of the seller is the value a buyer will assign to a given location and the number of houses for sale. They are not interested in what you paid for the property, what you have spent on redecorating, or how much money you need to purchase your next home. Buyers will always search the market place for the BEST VALUE.

This pyramid represents the fact that as the asking price for your home goes up, there are fewer buyers that are able to afford your home. This will result in a longer marketing time to find the right buyer for your home. Inversely, if you set a lower asking price for your home it will most likely sell faster. It is important to realize this and to figure out if the price you get for your home is more important than how long it takes to sell it. If you print out this page, write in your ideas on price range from “I must sell it now”, to “I have plenty of time”. The REALTORS in Colorado are experts and will be able to assist you in figuring out how to meet your goals and needs.

Preparing Your Home for Showing

With buyers, first impressions count. A small investment in time and money will give your home an edge over other listings in the area when the time comes to show it to a prospective buyer.

Here are some suggestions, which, over the years, I have found will help to get top market value:

• General Maintenance
• Oil squeaky doors
• Tighten doorknobs
• Replace burned out lights
• Clean and repair windows
• Paint interior as necessary
• Repair cracked plaster
• Repair leaking taps and toilets
• Spic and Span
• Shampoo carpets
• Clean washer, dryer, and tubs
• Clean furnace
• Clean refrigerator and stove
• Clean and freshen bathrooms
• Clean garage
• Clean basement and/or crawl space

The First Impression

• Clean and tidy entrance
• Functional doorbell
• Polish door hardware
• Clean windows
• Flowers at front entrance
• Clean outdoor furniture

Curb Appeal

• Cut lawns
• Trim shrubs and lawns
• Weed and edge gardens
• Pick up any litter
• Clear walk and driveway of leaves
• Repair gutters and eaves
• Touch up exterior paint

The Buying Atmosphere

• Be absent during showings
• Turn on all lights
• Light fireplace
• Open drapes in the day time
• Play quiet background music
• Keep pets outdoors
• Place setting at dining room table.

The Spacious Look

• Clear stairs and halls
• Store excess furniture
• Clear counters and stove
• Make closets neat and tidy
• Remove personal art work/posters
• Hang mirror to reflect outside light

What Happens Next ?….

First Week

• Install sign in prominent place
• Prepare advertising plan for your home
• Tour of your home by your Realtor’s real estate sales associates
• Copy of multiple listing sheet in the hands of your Realtor’s staff

Second Week

• Copy of MLS sheet in the hands of all area Realtors
• First ads appear in real estate papers and/or real estate magazines
• Neighborhood canvass completed

Third Week

• Your Realtor will follow-up on ads placed
• Open house scheduled, if desired
• Your Realtor will review showing activity and feedback from all Realtors showing your home

Fourth Week

• Your Realtor will follow-up on ads placed
• Your Realtor will review showing activity and feedback from all Realtors showing your home
• Review price and other market factors affecting the sale of your home
• Update information on MLS sheet

Fifth through Seventh Weeks

• Follow-up advertising
• Review of showing activity and feedback from all Realtors showing your home

Eighth Week

• Your Realtor will follow-up on ads placed
• Your Realtor will review showing activity and feedback from all Realtors showing your home
• Review price and other market factors affecting the sale of your home
• Update information on MLS sheet
• Open House scheduled, if desired

Ninth through Eleventh Weeks

• Follow-up advertising
• Review of showing activity and feedback from all Realtors showing your home

Twelfth Week

• Your Realtor will follow-up on ads placed
• Your Realtor will review showing activity and feedback from all Realtors showing your home
• Review price and other market factors affecting the sale of your home
• Update information on MLS sheet
• Open House scheduled, if desired

Thirteenth through Fifteenth Weeks

• Follow-up advertising
• Review of showing activity and feedback from all Realtors showing your home

Sixteenth Week

• Your Realtor will follow-up on ads placed
• Your Realtor will review showing activity and feedback from all Realtors showing your home
• Review price and other market factors affecting the sale of your home
• Update information on MLS sheet
• Open House scheduled, if desired

Getting to Know the Apopka Orlando Airport X04 You may already know the Apopka Orlando Airport by its location identifier X04.  You may have also read that it is a privately owned airport offering a variety of services to travelers, real estate investors and commercial companies.  What are some of the services that the Apopka Orlando Airport can offer you?  Before finding out what companies are based at Apopka Orlando Airport first consider what type of services you will require.   For starters, there is the business of aircraft rental.  This is a popular request for many businesspersons and wealthy consumers who have no need of their own plane but who occasionally travel.  You can rent an aircraft and hire your own pilot or fly your own plane if you have a pilot’s license.  The advantage to this is that you are not at the mercy of the major airlines’ timetables.  You can rent a private plane or charter an aircraft right at the airport by visiting a Universal Air Services or one the aircraft training facilities.   You may want to rent a plane for pleasure, for travel, for charter groups or even pilot training.  Keep in mind that if you want to want to fly on your own, you must pass a test delivered by a certified flight instructor.  From there, you look into your renter’s insurance for specific rules regarding your rental.  You select your plane type—based on your proven experience and rating.  How much can you expect to pay for a rental aircraft?  Prices will vary. Usually the aircraft itself costs a few hundred dollars per hour, depending on the type of craft. Additionally, prices may be based on the amount of gas and oil used, how long the engine is kept running, or when the plane is moving at flying speed.  This service may suit you well if you don’t travel often and don’t want the responsibility of maintaining and storing your own aircraft. What are some of the rental companies that work out of the Apopka Orlando Airport?  Apopka Aviation & Flight Services provides rental services with a focus on private teaching, flight review, pilot instruction and preparation for the FAA exam.  Eliamo offers these services as well as other commercial pilot services like repositioning and ferrying.  Grizzly Aviation specializes in sport pilot training and light-sport aircraft.  Finally, there is Jan Charles Potter, which offers training commercial pilot services and private instruction.  

The Orlando Apopka Airport is ideally located since the 429 expressway is just two miles away, giving quick access to downtown Orlando, theme parks, as well as the Orlando International Airport, all in about less than half an hour.  Because the airport is privately owned and its land is not government-controlled, it allows travelers and real estate investors to buy their land and build hangars where appropriate.  The more you get to know the Orlando Apopka Airport the more you realize that it offers far more opportunity than any other surrounding airports.  Visit us at the airport website www.OrlandoApopkaAirport.com  for more information on building your own hangar.

A look at tax-deferred real estate investing

An investor in real estate understands how important it is to preserve wealth and assets. In the frequently changing world of taxation, the investor is fortunate to have IRC Section 1031. Tax-free exchanging is one of the most popular real estate strategies for investment property sellers
Section 1031 of the Internal Revenue Code provides that no gain or loss shall be recognized on the exchange of property held for productive use in a trade or business, or for investment. A tax-deferred exchange is a method by which a property owner trades one or more relinquished properties for one or more replacement properties of “like-kind”, while deferring the payment of federal income taxes and some state taxes on the transaction.

The theory behind IRS Section 1031 is that when a property owner has reinvested the sale proceeds into another property, the economic gain has not been realized in a way that generates funds to pay any tax. In other words, the taxpayer’s investment is still the same, only the form has changed (e.g. vacant land exchanged for apartment building). Therefore, it would be unfair to force the taxpayer to pay tax on a “paper” gain.

Exchangers can create an entire investment program using the wide variety of benefits available, and an investor can move successively from one 1031 Exchange to another any number of times while delaying the taxable event. Two of the most popular strategies involve delayed exchanges combined with TIC properties.

Closing CostsThe bundle of fees associated with the buying or selling of a home are called closing costs. Certain fees are automatically assigned to either the buyer or the seller; other costs are either negotiable or dictated by local custom.

Buyer closing costsWhen a buyer applies for a loan, lenders are required to provide them with a good-faith estimate of their closing costs. The fees vary according to several factors, including the type of loan they applied for and the terms of the purchase agreement. Likewise, some of the closing costs, especially those associated with the loan application, are actually paid in advance. Some typical buyer closing costs include:

• The down payment
• Loan fees (points, application fee, credit report)
• Prepaid interest
• Inspection fees
• Appraisal
• Mortgage insurance (typically 1 years premium plus an escrow of 2 months)
• Hazard insurance (typically 1 years premium plus an escrow of 2 months)
• Title insurance
• Documentary stamps on the note

Seller closing costs

If the seller has not yet paid for the house in full, the seller’s most important closing cost is satisfying the remaining balance of their loan. Before the date of closing, the escrow officer will contact the seller’s lender to verify the amount needed to close out the loan. Then, along with any other fees, the original loan will be paid for at the closing before the seller receives any proceeds from the sale. Other seller closing costs can include:

• Broker’s commission
• Transfer taxes
• Documentary Stamps on the Deed
• Title insurance
• Property taxes (prorated)

Negotiating Closing Costs

In addition to the sales price, buyers and sellers frequently include closing costs in their negotiations. This can be for both major and minor fees. For example, if a buyer is particularly nervous about the condition of the plumbing, the seller may agree to pay for the house inspection.

Likewise, a buyer may want to save on up-front expenditures, and so agree to pay the seller’s full asking price in return for the seller paying all the allowable closing costs. There’s no right or wrong way to negotiate closing costs; just be sure all the terms are written down on the purchase agreement.

Prorations

At the closing, certain costs are often prorated (or distributed) between buyer and seller. The most common prorations are for property taxes. This is because property taxes are typically paid at the end of the year for which they were assessed.

Thus, if a house is sold in June, the sellers will have lived in the house for half the year, but the bill for the taxes won’t come due until the following year! To make this situation more equitable, the taxes are prorated. In this example, the sellers will credit the buyers for half the taxes at closing.

The Orlando Apopka Airport (X04) is very conveniently located, it being four miles northwest of Apopka, sixteen miles northwest of Orlando, Florida.  It is located near other important Florida and Orlando airports, including Leesburg International, Orlando Executive Airport, Orlando Sanford International, Orlando International and Kissimmee Gateway.  Location wise the airport is very convenient to use as a meeting point between Florida and other hot vacation areas like the Bahamas, The Florida Keys, Jamaica and Mexico.   Another factor that makes the Orlando Apopka Airport unique is the option it offers investors to build their own hangar and buy their own land.  Most airports will not offer this option at all, instead giving their travelers the option of leasing a land along with an already built hangar for a few decades.  What is the significance of this?  First realize that it’s only practical that you get a hangar so you can adequately protect your aircraft.  Hangars are ideal for protecting planes, jets, blimps and helicopters.  If such a valuable machine were left outside, it would be threatened by weather, temperature and other undesirables such as vandalism by man, bird and bug alike.  Knowing this, you can understand the problematic scenario of renting a hangar—most airports simply don’t have any hangars available.  They are always in high demand, plus the number of available hangars is obviously dwarfed compared to the number of private aircraft needing housing.  If you travel periodically it’s understandable why you might want to rent.  If you travel frequently though, you will have to make a lot of phone calls just to ask if the airline has any available hangars.  While you’re at it, leave out the part about reasonable rates—you’re going to have to take whatever rates you can find.    

Owning your own land and your own hangar protects you from inflation, from uncertainty and from the distant future.  When airlines “lease” out hangars they usually do so for a limited time period, such as 20-40 years.  It is highly unlikely that they want to sell the land since many airports are government operated.  Following the end of the contract, you would have to pay just for the opportunity to renegotiate and with no guarantee that a continuing lease would be granted.  When you buy your own hangar and land you are not only ensuring that you have a storage facility whenever you need it—you are also making a sound real estate decision.  You can lease out the hangar to other renters throughout the year.  The more you add to your hangar the better, plus, the more you can charge fliers.  Some hangars even have living quarters, bathrooms and maintenance areas.  Keep in mind however, that you must check the local city code before making any big plans.  Some cities do not allow renters to actually live in a hangar for any period of time.

 

The Orlando Apopka Airport is offering hangar ownership as an option to its commercial and private travelers.  The hangar arrangement is a convenient option for an airport that already has a very convenient location, in the heart of Tourist Florida.  For more information on hangar buying visit us at the www.OrlandoApopkaAirport.com  website.

The Orlando Apopka Airport is located in Apopka Florida, near central Orlando.  Here are five reasons why it may be to your advantage.   1.Orlando Apopka Airport’s LocationThis airport is centrally located northwest of Metro Orlando on Route 441.  That puts the location close to just about everything in the Orlando area.  It is just a few miles away from Sanford, Leesburg, Downtown Orlando, Orlando Attractions and the Orlando International Airport.  Most drives will be less than 30 minutes.  If you want to see Orlando, then this is the ideal location to take off and land from.  The Orlando Apopka Airport works with a variety of rental services, instructional services and concierge services. 2.Orlando Apopka Airport’s QuietnessOrlando Apopka Airport is a welcome alternative to the busy activity of Orlando International Airport, one of the busiest locations in the entire country.  You get full access to Orlando but take a much quieter route.  This privately owned airport can handle both private and corporate flights.  Whether you are looking for a more comfortable trip on your own or are just imagining the real estate possibilities at the Orlando Apopka Airport, you have the right idea. 3.Orlando Apopka Airport’s Land OpportunitySpeaking of real estate, did you know that Orlando Apopka Airport lets hangar seekers actually buy the land and build their own hangar?  Most airports will not offer this option because the government owns them and wants to carefully control the land.  However, Orlando Apopka Airport is a privately owned.  They have full rights to the land and  the runway and are passing that opportunity down to Pilots, aircraft owners and investors.  Now you can own your land and your hangar for as long as you want with no term limitations of 20, 30 or even 50 years.  Whenever you desire, you can turn around and sell your constantly hangared aircraft for the highest premium on the market. As well as sell your hangar, you can”t do that with an airport leased hangar! 4.Orlando Apopka Airport Can Help You BuildMore specifically, its associated companies like PrimeSource Contractors can help you build your own hangar.  This is one of the most common objections to why one would want to build a hangar for an aircraft.  You don’t know how!  Or perhaps, it would take up too much time!  While that might be true if you do your own contracting work, if you hire a reputable company to build your hangar for you, then you can avoid all of the usual pitfalls that come with taking on such a massive venture.   PrimeSource Contractors offers to tailor design your aircraft hangar just the way you want it.  Visit their website: www.PrimeSourceContractors.com  5. Orlando Apopka Airport, plenty of reason’sLast but not least, whether you’re looking for a hangar, aircraft or just a quick trip to beautiful Orlando, Florida know that you can find everything related to aircraft at the Orlando Apopka Airport and its associated companies.  You can find hangars, lots, new land, used aircraft and new aircraft for sale at all times of the year. There are plenty of reasons to look for X04 this season—a trip courtesy of Orlando Apopka Airport! 

Visit us at www.OrlandoApopkaAirport.com

You may have heard by now that pilots and aircraft owners and real estate investors can actually buy their own hangar at the Orlando Apopka Airport.  Of course, a hangar on its own means nothing unless the land deed comes with it.  Sure enough, you can buy your own land and build your own hangar with the help of the Orlando Apopka Airport.  Here are 6 strong advantages to doing so. 1. A hangar saves you time.  When you try to rent a hangar it’s not possible to guarantee yourself a reservation. Hangers are in high demand and you are subject not only to the discretion of the owner (who may want to use it on his own) but also to flight scheduling and the busy time of year. The surest way to guarantee your aircraft a home is if you buy it one yourself. 2. A hangar makes you money.A hangar is in such high-demand, not only can it make you income, but the property also appreciates overtime. Statistics show that airport construction is down and airplane production is up.  That is good news for you if you have an aircraft hangar ready to lease.  You don’t even have to have a pilot license to get started making income from flying. 3. A hangar protects your aircraft.Let’s not forget the most important reason why you buy or rent a hangar: to keep your machine safe.  There are numerous threats that could rapidly age your aircraft if it is left uncovered.  It is common for uncovered planes to suffer damage due to vandalism, bug and bird damage, weather related damage such as rain or hail, oxidation, heavy sunlight with UV rays and even theft.   4. Higher Price for AircraftIf you ever want to sell your aircraft then make plans to either rent or buy a hangar.  Hangared aircraft always sell at a higher rate than unhangared aircraft.  Unhangared aircraft are the “used cars” of the aviation world.  They have probably suffered weather damage, exterior damage, paint damage and numerous other quality compromises.  Protecting your aircraft in a hangar can keep your machine looking top quality whether for show or for trade. 5. You can add on to your hangar.When you buy the land and build your own hangar you get full creative control over the building project.  You can add in amenities, bathrooms, offices and suitable living quarters (though not all cities allow legal residents inside).  If you want to impress your friends and acquaintances at the site of take off, then go all out to make the hangar livable and ooh-worthy. 

6. Owning your own hangar can be counted on your taxes. 
If you own your own hangar you can make some of that investment back by counting it on your tax return.  Hangars can be depreciated for tax purposes, can qualify as a tax-deferred exchange property and can knock off a chunk of reportable income as business expenses—especially if you own more than one.

Visit the airport at www.OrlandoApopkaAirport.com

The Orlando Apopka Airport is a privately owned airport that services both commercial clients and private individuals.  The airport, identified by location as X04, is centrally located and just Northwest of Metro Orlando on US Route 441.  It has been built in a convenient location, about ten miles east of Sanford and sixteen miles northwest of Orlando.  The 429 expressway is only two miles away.  That means travelers can get to any of Orlando’s most important destinations in less than a half hour.  That includes Downtown Orlando, prominent Orlando attractions and the Orlando International Airport.  The airport is less congested than other major airports in the area and the area contains light traffic, which means less delays waiting for clearance.   However, the best reason to work with the Orlando Apopka Airport is because of the advantages the airport offers its travelers in regards to owning their own aircraft.  More owners are coming to understand the benefits of buying their own land and hangar rather than continuing to lease them.  This allows them to save on time, worry and money, having to arrange for a rental hangar every time a new year rolls around.  The fact of the matter is that hangars are always in demand, as there are many more aircraft that need storage then there are available hangars.  What happens when you decide to rent a hangar for your aircraft but then discover that there are no available hangars anywhere nearby?  Then you will have to leave your precious machine out in the open where it will be susceptible to damage.  Because the Orlando Apopka Airport is a privately owned, it maintains control over its own land.  Therefore, the airport has offered to sell the land and future hangars to individual real estate developers.  If you are faced with the decision to rent or to buy your own hangar, then first consider how much your aircraft investment is worth.  If you plan on owning an aircraft for many years it’s only practical to buy a hangar rather than run the risk of renting one month by month or year by year.  Otherwise, you will be at the mercy of whoever owns the rental hangar.  What if the owner rents it to someone else or decides he or she wants to use the hangar?  Then your machine will have stay outside, subject to the worst of exterior elements.   Statistics show that there are more planes being built today, even though there is a decrease in the amount of available hangars and of available airports.  In fact, most airports that you know have a history of at least 50 years.  Most of these properties were built in the World War II era, when land was much cheaper and more plentiful.  The only way to build an airport now is to put one on your own land; of course no one wants an airport in their neighborhood, least of all their own backyard.  What has happened is that the government has increased land value and created various regulations to ensure that few if any airports are ever built around highly populated areas. The point being that investing in land and hangars is a definite advantage and one that might not be around forever.  To find out other advantages of a self-owned hangar visit  www.OrlandoApopkaAirport.com

Introducing the Orlando Apopka Airport Orlando is one of the most important cities to tourism in the United States and throughout the world.  It has the second largest number of hotel rooms in the U.S. and, being the country’s second largest city for square footage, is also one of the best cities for large conferences and conventions.  You may have traveled to Orlando before using the Orlando International Airport.  This is one of the busiest airports in the country and if you’ve ever been there in person, you can attest to how crowded it really is.  The next time you have business in Orlando, then look up the Orlando Apopka Airport, located four miles northwest of the city of Apopka.  The Orlando Apopka Airport’s Location Identifier is X04, based on the airport’s name and location.  This will later be used by air traffic control facilities, telecommunications, computer programming and weather reports.   The Orlando Apopka Airport is a privately owned general aviation airport.  The distinction of general aviation means Orlando Apopka Airport covers a wide range of activities, including private flying, flight training, air ambulance, air police and air firefighting, air charter, gliding, parachuting and cargo flights and other activities.  The majority of the country’s air traffic consists of general aviation, so the Orlando Apopka Airport makes up one of 5,288 community airports in the United States.  The Orlando Apopka Airport provides a number of services to travelers.  First of all, there are X04 aircraft rental services.  Aircraft rental services are a better option for travelers if they have one short trip to make and want to save money.  Rentals rates for aircraft are usually between $100-$300 an hour depending on the quality of the aircraft.  Some of the X04 Airport Orlando Apopka Airport rental services include Apopka Aviation & Flight Services, Eliamo, Grizzly Aviation and Jan Charles Potter. These companies will also provide flight and ground instruction, flight review and help with testing for an FAA exam) There is also an FBO service, meaning a fixed base operator.  This service offers aircraft fuel and oil, parking, access to bathrooms, telephones, and sometimes hangar storage.   Two other companies that work with Orlando Apopka Airport include Universal Air Service, which specializes in aircraft charter and executive helicopters, and Quiet Aviation, which feature experimental aircraft, power plant, design, research and manufacturing.  The airline company works with a variety of vendors in different markets pertinent to the Apopka, Orlando, Florida area. while others sell used aircraft and hangars. Many traveling and professional clients have found Orlando Apopka Airport to their liking, because of the airport’s unique features, the flexibility of the airport’s services and the more manageable nature of a privately owned airport.  If you are planning to leave or enter the Orlando area, then make plans to fly on by Orlando Apopka Airport. 

For more information visit the airport website: www.OrlandoApopkaAirport.com

The Apopka Orlando Airport (X04) offers a feature to Pilots that is unique: the option of hangar ownership.  If you own your own aircraft and live near or frequent the Orlando area, then this article will be of interest to you. You’re going to read about all the advantages of hangar ownership and why it is preferable to store your aircraft.  By now you know what a hangar is.  This aircraft storage unit can protect airplanes, jets, helicopters and blimps from external threats. Aircraft owners must take care of their Aircraft from numerous external factors including inclement weather, human vandalism, oxidation and heavy sunlight with dangerous UV rays.  Besides these obvious factors, one cannot discount the threats of theft (stranger things have happened) and minor damage by birds, mice and insects.  The latter is very important if an aircraft owner frequently flies from place-to-place, as cleanliness is part of safety and part of a professional operation. In fact, it’s safe to say that if you do not own a hangar your aircraft is going to age rapidly.  The paint and exterior will start fade while the components will heat up and cool off according to season and eventually cause some wear and tear on the unit.  Couldn’t a plane cover do the same thing?  A cover could help, but remember that it will also trap moisture and grit.  Besides, cover or not, hail damage will take its toll on an unprotected plane.    Building your own hangar offers you several advantages.  These facilities appreciate in value, which means you can get most to all of your money back should you decide to sell it.  Hangars provide extra rental income throughout the year, which may help cover the initial cost. Furthermore, hangared aircraft always sells higher on the market than unhangared crafts. Do you think you can get a hangar anytime you want one? Don’t count on it—most airports have waiting lists for rental hangars.  That means good news for you whether you use your hangar for storage or rent it out. Best of all, hangars are relatively low investments when compared to most real estate properties. While it’s common to find hangars listed at half a million, you will frequently find deals as low as $200,000 or less. Besides, you have little to no limitations when building a hangar.  You can construct the facility from the ground up.  You can actually do more than just store airplanes, perhaps even customizing your hangar with offices, maintenance rooms and restrooms. The Apopka Orlando Airport is one of the few airports that allow hangar buyers to buy their own land, build their own hangar and keep the entire project for themselves.  In fact, in the airport has become so popular that 90% of the sites sold within the first year of the airport opening.  The airport was originally platted into 194 separate lots.  The City of Apopka also provided water and sewer to the airport so that the individual owners could have the hangar of their dreams.  This provided equity as well as protection into an individual’s privately owned hangar. There are also several tax advantages to owning one or more hangars and keeping them as rental properties.  The simple logic is: if you plan on owning your own aircraft for years to come it’s only practical that you get a hangar to store this very valuable craft.  No aircraft owner would risk dealing with uncertainty of hangar availability every few years.  For more information on the advantages of owning a hangar,  Contact Shana Larson at PrimeSource Real Estate. 407-461-4188 or visit her at www.PrimeSource.net

 VISIT THE AIRPORT WEBSITE: www.OrlandoApopkaAirport.com