Have you filed your Homestead Exemption?

Happy New Year everyone!

Hope you all enjoyed the Holiday Season with your families and friends. If you bought a dream home last year, hope you had the first Christmas tree with lights decorating around your new house.

It’s time of the year to remind new homeowners to apply for your Homestead Exemption. You can apply for it anytime between January 1st – April 30th. To apply for a Homestead Exemption, you must be occupying the property as your primary residence on January 1st of this tax year, and have no other residence that you are currently claiming as your Homestead. If you do move out of previous residence, you need to remove the homestead or making this new residence will automatically remove it if it’s same county. If not, please send the letter to that county and remove it.

To apply for the Residential Homestead Exemption, fill in the application found in the county websites and file it with the district county where the property is located.Below find the phone number and website links for various County Appraisal Districts.

Harris County 713.957.7800 www.hcad.org
Montgomery County 936.441.2186 www.mcad-tx.org
Liberty County 936-336-5722 www.libertycad.com
Fort Bend County 281.344.8623 www.fbcad.org
Waller County 979.921.0060 www.wallercounty.org

If you have questions or need more information, call your county appraisal district.

Wishing everyone a great year ahead!!

Om Realty Group Team

Flip Project is now on the Market!!

We were on schedule to complete our flip project before Harvey derailed it. We finally able to finish all the renovation and put it in the market. It’s now looking for a proud owner to make it home. Check out the pictures and visit our har.com listing for more information.

After Harvey – Lessons Learned – Know Where Your Utility Shut-Offs Are

Do all of the adults in your home know how to immediately locate and shut off the gas, electricity and water in case of an emergency? If not, you could be in serious trouble. Share these utility shut-off procedures with everyone in your household to help prevent property damage or personal injury.

Shutting Off the Gas
Gas leaks can be life-threatening, so it’s important to act fast. If you smell gas, hear hissing or suspect a leak for any reason, open a window and quickly get your family to safety. Call for help and, if possible, disrupt the gas supply using the outside valve. Procedures vary, so contact your gas company ahead of time for meter-specific guidance. Remember, once the valve has been closed, it should only be reopened by a qualified professional.

Cutting Off the Electricity
Before making household repairs, stop the flow of electricity by accessing your home’s circuit breaker or fuse box. To locate the panel, look for a gray metal box, typically concealed in a garage, laundry room or closet. Identify the main circuit breaker if you need to power down the whole house or use branch circuits to de-energize individual appliances.

Turning Off the Water
In the event of a broken pipe or full-blown disaster scenario, find the main shut-off valve. In cold-weather climates, the water shut-off is usually placed in a basement or front closet. You can also check the outer perimeter of your home for a hose bibb faucet or meter box. To repair minor leaks to a toilet or sink, cut the water at the source.

While you can’t prepare for every possible emergency situation, learning these key utility shut-offs is an easy way to keep your home and family safer.

Hunters Park -Flip Project – 2 weeks update

Contractors Benito completed all tile flooring in main area, finished painting all areas, working on bathroom tile surround and a/c guys installing new a/c system. Check out the pictures below, more updates in few days.

MISSOURI CITY Rents surpasses Nation Average!!!

As per the report published by Sugarland/Missouri city edition of communityimpact.com,

A Community Impact Newspaper analysis of seven Houston suburbs found average rents increased between 30.4 percent to 67.7 percent from 2005 to 2015, according to CoStar Group, a real estate research firm.However, average rents increased in Missouri City by more than 100 percent during the same time period.

Average Missouri City rent doubles
The average monthly rent in Missouri City in 2005 was $637, according to CoStar Group. But by 2015, the average rent had more than doubled to an average of $1,278.75. Bogany has been a Missouri City resident and Realtor for 33 years, and he is the vice chairman of the Fort Bend County Housing Finance Corporation. Bogany said when people come to him looking to rent a home or apartment that is not high-end and newly built, he directs them to Stafford, Fresno and parts of Houston.

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“But rents have gone through the roofs in those places, too,” Bogany said. “There are some older townhomes in Quail Valley or Meadowcreek, but because of the lack of supply, those are rented before they even come on the market.”

Bogany said he believes part of the reason for rents increasing so much in Missouri City is because home sales prices have also increased since the Great Recession, and that has enticed many mom and pop landlords, who usually deal with single-family homes, to cash out.

TO read more on this topic, visit communityimpact.com