Nashville Real Estate Blog - Blog Archive: September, 2016

information relating to real estate in Nashville Tennessee

Nashville Real Estate Blog - Blog Archive: September, 2016 Close
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September 2016

Found 10 blog entries for September 2016.

Hillsboro Village DevelopmentIt's not often we talk about commercial real estate here, but when a project has the potential to help transform an entire neighborhood, it's certainly worth noting. In case you missed it, reports surfaced last week about a new $37 million mixed use project making its way to the already popular Hillsboro Village neighborhood.

The project, which is being developed by Atlanta-based Summit Management Corp., is expected to break ground sometime in the fourth quarter and will include 47 apartment residences, a 200-car parking garage, ground-floor retail, and what's being described as a millennial-focused hotel that will specifically appeal to budget-savvy travelers.

The building itself is being designed by Nashville-based Manuel Zeitlin Architects and

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The Wabash East NashvilleOnce considered a rough part of town, East Nashville is continuing to transform into a fabulous place to live, work, and play. And that’s something that developers are certainly taking notice of. Back in May, a new mixed-used development was proposed that would bring additional office, retail, and restaurant space to the neighborhood, and earliest this week, permits for the project were finally issued. 

Called The Wabash, this dynamic new project will be located at 901 Woodlands Street, include around 41,200 square feet of space, and hopefully pave the way for more development to make its way to the East Nashville neighborhood, which offers a whole lot of value right now on both the residential and commercial side of the market. 

For home buyers in

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Home Downsizing Guide These days, it is as popular to cut down as it is to move up. If you have been longing to ditch your oversized, overcomplicated house in favor of something smaller and more appropriate for your current needs, you have to do a little planning.

Avoid these common mistakes so that your downsizing does not become a downward spiral.

Failing to Consider Future Needs

Downsizing means recognizing that your current home is not meeting your needs as you see them. When you buy a smaller home, it is crucial to perform the same kind of reality check about your future home.

Buying the little old house in the middle of the woods may seem like a dream come true, but it could become an awful decision 10 years from now if you end up not enjoying the

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Wedgewood Houston Shipping Container ProjectA local Nashville-developer has proposed a rather unique residential project for the Wedgewood-Houston neighborhood—a part of town that’s rapidly evolving into one of the coolest places to call home. 

Planned for 2150 Byrum Avenue at the corner of Byrum Avenue and Wingrove Street, the new development would essentially be a three-story condo building that would ultimately hold 91 individual units if completed, which at first might seem totally common. 

But in a somewhat unusual twist, developer FMBC Investments is planning to build the structure using shipping containers, giving the project a dynamic design that’s specifically appealing to anybody who loves the idea of re-purposing usable materials for just about anything, including housing. 

As

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How to sell a home with kids Selling your home under any circumstances can be stressful. But selling a home with kids can potentially bring about an entire level of stress you never thought possible. Luckily, it doesn't have to be that way. You just need to implement some kid-friendly steps that will make selling your home with kids a breeze.

Here are five steps that will take some of the stress out of selling a home with kids.

1. Have the Talk

No matter what age kids you have, talking with them and including them in your plans is critical to their acceptance and cooperation when it comes to selling your home. Most kids don't like change. It could mean them losing their friends, starting at a new school and a whole other realm of insecurities that might seem

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Ceiling Improvement Tips If there is one part of the home that is routinely ignored when it comes to making home improvements, it is the ceiling. Whether you want to increase the sale value of your home or you’re simply looking for a way to spice up various rooms, there are a number of ceiling treatments that will let you accomplish a variety of things.

Enhance the look of a room’s lighting, make the room feel more expansive or add a touch of class. No matter what effect you would like to achieve, the following ideas will inspire you to try creative new ceiling treatments. 

1. Consider Coffered Ceilings

Coffered ceilings were long considered to be French in origin, but it turns out that the earliest coffered ceilings ever discovered were at least 2,000 years old,

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The Cottages At Vista Some much-needed residential development could soon be on the way for the Whites Creek area on Nashville’s northwest side. According to recent reports, Nashville-based developer Cornerstone Land Co. is seeking approval to develop 44 new residences on a 15.5-acre site located at 516 and 520 Green Avenue. 

The project, being called The Cottages at Vista, would mostly include single-family homes, it’s a development that would also be situated almost right next door to another Cornerstone development called Vista.

As of now, Cornerstone is already on record saying the new homes would start somewhere close to $200,000, which is a price point that is severely lacking in inventory, even despite the strong demand. 

As noted by the Nashville Post, the

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Nashville Home Sales DropAccording to recently released numbers from the Greater Nashville Association of Realtors, Nashville area home sales were once again down last month compared to August 2015, which makes it the second straight month we’ve seen a decline in closings. 

In total, the Greater Nashville area saw 3,741 closings last month, which is only about a 0.8% drop compared to August 2015. In July, sales were down over 3% from July of 2015, so last month’s decline is minimal to say the least. 

So far in 2016, home sales are still up across the board, with the most recent tally now hitting 25,989 closings for the year. That’s roughly a 4.4% increase in sales compared to this time in 2015. 

The slight drop in July and August isn’t terribly surprising. Traditionally,

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Should You Get a Second Mortgage While getting a mortgage to buy a home is fairly common, reasons to get a second mortgage may be less obvious. Home buyers and existing homeowners often use a second mortgage to finance a home purchase, home improvements, pay-down credit card debt or to purchase things they need.

Second mortgages are as important consideration than primary mortgages. The understanding of the finer points, from liability to interest rates, helps a borrower to make a practical decision regarding second mortgages.

Have questions about your mortgage? Always consult with your mortgage lender for advice specific to your needs.

1. Why Get a Second Mortgage?

Simply put, a second mortgage is a loan secured by the home that is secondary to the primary mortgage.

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Nashville Lots For SaleIn case you haven’t noticed, prices for new construction homes have increased dramatically over the last couple years and are continuing to go up with seemingly no end in sight. While numerous factors continue to play a role in the bustling new construction sector—like historically low mortgage rates, a robust job market, and a limited housing inventory—part of the problem is directly tied to a shortage of new home lots in many of the country’s hottest markets. 

According to the National Association of Home Builders, many cities across the U.S. are currently at record lows when it comes to available lots, with Nashville specifically listed among those mentioned. Demand for new homes, however, remains as strong as ever in many of these same cities,

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