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All Forum Posts by: Max Smetiouk

Max Smetiouk has started 5 posts and replied 37 times.

Hi 

I am not a tax pro, but i think this is accurate:

1. How you pay/finance HVAC unit has no bearing on tax

2. If you buy HVAC for 12k it is capital improvement and needs depreciated

3. If you replace control board and it's less than $2500 it's expenses.

Quote from @Daniel Judge:
Quote from @Max Smetiouk:
Quote from @Daniel Judge:
Quote from @Aaron Meyerrenke:

Just curious if you ever ended up building?  I love Hocking Hills and am thinking about doing something similar in a different remote part of Ohio.


 Hi Aaron, I know I wasn't the original poster, but we did end up doing new construction down there in the past year (also purchased cabins before deciding to build). 

 Hello @Daniel judge, 

I saw that you built in Hocking Hills. Any recommendation on lenders for a vacation home construction? I am looking to build and looking for lenders who will do lending for construction of 2nd home. 

Thank you,

Max


Hi Max, we had luck working with Donna Russell and her team at OUCU Financial (Ohio University Credit Union), though that was for commercial lending. Despite that, the rate/terms were amazing compared to the rest of the lending environment, so definitely worth checking out. Not sure how they would look at it being considered a 2nd home, but they could at least steer you in the right person to discuss options. Best of luck!

 @Daniel Judge thank you for sharing info on the lender. I've heard good things about OUCU.

Thank you.

What's better for heating gas or electric? Building a cabin in a tourist destination that does not have easy access to gas or electric.

So I will need to run electric line anyway and considering installing underground propane tank, is it worth it?

Let's roughly say running electric line is $10k

Installing underground propane tank 1000gal is $10k

What's your experience heating with gas vs electric in terms of warmth? Cost effectiveness? 

Thank you for any feedback.

Post: Amenity ROI debate

Max SmetioukPosted
  • Posts 39
  • Votes 23

Thank you to all who replied. VERY helpful feedback.

@Lauren Kormylo agree that there is a lot more risk and headache with wood burning fireplace. Better option for personal use but perhaps not rental. 

@Andrew Steffens agree that there are overlapping features hot tub and soaking tub in the bathroom. Think that adding overhead heaters in the area of hot tub will solve the problem in colder months.

@John Underwood soaking tub in a bathroom. As others pointed out, there are overlapping features, so does not seem it's worth it. Seems like investing in a more luxurious shower is a better way to go.

Post: Amenity ROI debate

Max SmetioukPosted
  • Posts 39
  • Votes 23

Hello BP Community,

I am designing contemporary mountain 2 bedroom / 2 bath cabin in Ohio with a lot of tourists interest year round and four season weather.

Here's some amenities that are going to be in the cabin:

hot tub on 2nd floor with walk out from each bedroom;

wood burning fire place in great room;

nice fire pit outside;

debating: is putting soaking tub with electric fireplace will be a good investment? I don't see similar features in existing cabins and my gut tells me that it might be nice draw when weather transitions from summer to colder temps. 

What's your take?

Thank you,

Max

It all depends on your location and service. If at all possible try it out first.

I tried it in my home but reception wasn't good. In addition you are sharing with cellular network, which gets priority. So service would degrade as the day progresses.

Post: FREE Online Short-Term Rental Conference

Max SmetioukPosted
  • Posts 39
  • Votes 23

Thank you for sharing 

Very insightful and helpful info. Thank you

I absolutely love this idea! It's abiut touch and convenience = instant gratification and satisfaction.

I absolutely love this idea! It's abiut touch and convenience = instant gratification and satisfaction.