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Freeport Illinois

Historic Wrigley Field replica

Freeport Illinois

Famous 1914 ice cream parlor

Freeport Illinois

Home of Lincoln-Douglas debate

Freeport Illinois

Aquatic Center, neighborhood parks, programs

Freeport Illinois

Supportive living, villas, skilled nursing

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Welcome!  At Choice Realty we understand that buying or selling real estate is among the most important financial transactions of your life. We are dedicated to providing personal and thorough service with a sharp focus on our clients needs. Our licensed staff looks forward to assisting you in any of the following areas: Residential, Condominiums, New Construction, Land, Farms, Commercial, Investment,  Auctions or Leasing. At Choice Realty we don’t want to be the biggest, just the best. We look forward to helping you with all your real estate needs.

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815-235-2111 or 815-616-5311.

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Common Mistakes Homeowners Make That Can Really Cost You

Everyone like a bargain and saving money is usually a good thing unless it results in a costly mistake. If you are a homeowner you know that maintaining your home is important to protect your investment. Keeping your home in good repair and up- dating and remodeling are all necessary expenses when you own a home. Sometimes cutting corners on these expenses can actually cost you more in the long run. When you need to call in a professional to make a repair or do some remodeling it is a good idea to get several bids. You want to make sure you aren’t overpaying for the work you need done, but the lowest bid may not always be the best deal. Make sure the bids include both materials and labor, the lowest bid may be a “labor only” bid and could end up being the most expensive once the cost of material is added in. You also want to make sure that you are getting someone that is experienced and knowledgeable about the job they are bidding. Sometimes a more experienced contractor’s bid may seem higher but the job might be done more quickly and with a better quality work which might end up saving you money down the line. Before you begin a remodeling project, do your research. Besides the initial cost to do the job, look at the value it will add to your home. Also give some consideration as to how long you plan on staying in your home. If you have no immediate plans to sell and want to spend $20,000 remodeling your master bath... read more

What the Proposed Tax Reform Plan Means for Homeowners

Both the House and Senate are currently working on a “Tax Cuts and Job Acts” tax reform plan. The House and the Senate each have a version they are trying to enact and there are many similarities, but also some important differences in these proposals. If you are a homeowner, you should be aware of what is being proposed in these plans. Let’s start with the Senate’s version of tax reform as it relates to homeowners. The proposed legislation retains the current mortgage interest deduction level and doubles the standard deduction. It limits the Capital gains Exemption on the sale of a primary residence and would require a homeowner to live in the property 5 out of 8 years to qualify for the exemption. The current rules only require 2 out of 5 years. This would have a significant impact on anyone who would need to move within 5 years of a purchase. This proposal also would eliminate the interest deduction on home equity loans, all state and local taxes (including property taxes) and moving expenses (unless they are related to the military). The current version of the House’s plan has many things in common with the Senate’s plan: the same change in the Capital Gains Exemption from 2 out of 5 years to 5 out of 8 years, increases the standard deduction, eliminates the deduction for state and local taxes but keeps the property tax deduction limited to $10,000 and eliminates the deduction for moving expenses. In addition, this version seeks to cap the mortgage interest deduction at $500,000 for new mortgages, eliminates the mortgage interest deduction entirely... read more

Residential Enterprise Zone Approved for Freeport

For the past year and a half, we have been working on getting an extension of the existing enterprise zone in Freeport. The extension is for a residential enterprise zone in a designated area of Freeport which allows benefits for both builders and buyers of new construction. As most of you know that live in Freeport, there has not been any new “spec” residential construction in almost 10 years. As most of you also know, new construction is generally seen as a sign of growth and health in the overall economy of the area- something that has been missing in Freeport. The process was long and required the approval of many. The application process is very involved and dependent on the approval of the taxing bodies involved. Over the past year, presentations were made to the City Council, the County Board, the School Board, the Park District Board and the Board at Highland College. These boards along with Carroll & Jo Daviess counties had to vote to approve the expansion before we could send the application to the State of Illinois for approval. On October 11 we received the final approval from the State for our residential enterprise zone in Freeport! So what exactly does that mean for our area? The enterprise zone allows benefits to be offered to both the builders and the buyers of new homes in the designated area. The builders’ benefits include lower or waived permit fees and sales tax exemptions on certain building materials. The benefit to the home buyer is a property tax abatement on the majority of their property taxes through 2020.... read more

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