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The Hollinden Team Louisville KY Real Estate Blog

Glenmary Village Condo Just Listed

 9402 Clubview is a first floor condo off Bardstown Road south of the Gene Snyder Freeway.  It is a short drive to downtown Louisville, or even shorter to Mt. Washington, KY.  Bates Elementary school is just north of here.  The bottom line is this place is close to shopping and work! This was a great home that sold in 47 days.  Contact the The Hollinden Team today to see how we can get your home sold.

Glenmary Village entrance to 9402 Clubview

As you look for a place to hang your hat, you notice that 3 bedroom condominiums are not that common.  You find this well-built condo in a great location and see that it even has a Master Suite with a spa tub!  And to add to this, the floor plan is open, and the kitchen is large.  No more going out to wash your clothes as a separate laundry area is conveniently located next to the kitchen. 

Kitchen of 9402 Clubview

9402 Clubview was sold new for $163,250.  After a year, the owners moved out taking the kitchen cabinets and appliances with them.  The present owners have given the place a facelift and remodeled with new paint throughout.  They have installed new cabinets along with brand new Stainless Steel appliances.  The rest of the condo and mechanicals have only had a year’s worth of wear and tear.  The carpet looks next to new.

Do you need immediate possession?  Do you need move-in ready?  Do you need your home to be affordable at $125,000?  Then, this is it!

The Hollinden Team would be happy to arrange a private showing for you.  Feel free to give Tim Hollinden a call at 502-429-3866 and he can answer more questions or give you a personal tour.

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Forest Village Patio Home Living Louisville KY

Steve Dobbs has been in Forest Village for about 7 months.  When we moved in August, the first thing I noticed was that there was no grass for ME to mow.  We were so consumed with moving and getting set up, it seemed a blessing.  As fall approached, leaves were starting to drop; yet we left the rakes in the attic along with the typical allergic reaction to oak leaves.  As winter approached, I left the snow shovels in the attic, as I knew that the Forest Village Condo Association would take care of the streets and driveways if there were to be a significant snowfall event.  We had a little snow this week, but a push broom was adequate to get the area cleared.

So now, I am starting to get used to this lack of normal outdoor activity.  We still pull our own weeds and maintain our shrubbery, but it is not a big deal.  In Forest Village, the association maintains the horticulture in the very front.  The individual homeowner can add shrubbery on the side and front nearest the living quarters.  They are also responsible for maintaining what they planted.

Inside the house, we still maintain and make the normal improvements that we would in a normal single family residence. There is still the toilet to fix, carpet to clean, and walls to paint that we have been used to our whole life.

Is Patio Home living for you?  Feel free to contact Steve Dobbs at (502) 475-3312 to discuss the pros and cons of condo-style living versus living in a stand-alone house.

If interested, Forest Village Patio Homes will give an in depth description and show you Patio Homes for sale.

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The Hollinden Team attends the Louisville Home, Garden, and Remodel show

The Hollinden Team attended the Louisville Home, Garden, and Remodeling Show this weekend.  This is an event that has been going on for the last 60 years and is held indoors at the South Wing of the Kentucky Exposition Center.  The show is produced by the Louisville Home Builders Association and is a showcase for home improvement possibilities.

It seemed there was a large emphasis on outdoor living this year.  There were landscaping displays and covers for your existing deck or patio.  Then, we found over the top displays of what your back yard outdoor living space could become.  Most all of these displays had a fire feature from a regular wood-burning fire pit to one using the convenience of gas.  We both agreed that the burning fire in the middle of the water feature would be spectacular at night.

We found 3 suppliers that dealt in spray on foam insulation.  We learned about the difference in open-cell and closed-cell foam insulation.  Just as important as insulation would be your HVAC system.  We were surprised at the number of companies offering geothermal options.

As real estate agents, we are always urging our clients to be sure and get their biggest bank for the buck.  A bathroom re-model is usually on top of the list.  The bathroom remodel people were well represented and ranged from refinishing your existing tub to a complete demo and makeover.

Also high on the list that helps in resale value of your home is a modern kitchen.  There were vendors exhibiting products to make your existing cabinet space more user-friendly and there were cabinet makers with exquisite cabinetry for your dream kitchen.

No home show would be complete without the full complement of flooring products.  We were expecting to see lots of wood floors and we did.  We were not expecting to see granite floors that were made from scrap pieces of granite countertops.  This recycling effort was definitely thinking out of the box and was quite attractive.

Feel free to comment on what you thought were the highlights of the Louisville Home show, or contact The Hollinden Team and how some of these remodel ideas may add value to your home.

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Changes in the FHA Mortgage Market

There have been several changes in the FHA backed mortgage market in the last year and the newest will occur on April 1. We will see upfront Mortgage Insurance increase from the current 1.0% to 1.75% that will help strengthen the capital reserves of FHA.  On top of this, the annual renewal premium will be as high as 1.25%. This will significantly increase a borrower’s cost.

This is important because a good many of our home buyers in Louisville utilize an FHA backed loan. As I look over my clients in the past, our first time home-buyers are often using FHA mortgages due to the low down payment required.

One complaint that I hear is that MI (Mortgage Insurance) is required with an FHA loan.  I think that it is hard to complain about paying mortgage insurance when you are able to buy a new home with a lot less than 20% down payment.  With this being said; the increase in Mortgage Insurance on a yearly basis and upfront will make a difference in the monthly payment of our Louisville real estate clients.

FHA loans will also work with some condominium purchases.  The key here is for the condo development to be FHA approved.  If I am showing homes to an FHA buyer, I always make sure that the condo is approved first.  I don’t want to waste our time showing something that won’t work.  Your FHA loan officer will be able to tell you if the condo development is approved or not.

Feel free to contact Tim Hollinden with The Hollinden Team if you have any questions about this or the Louisville KY Real Estate Market.

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