Madison Seller Kitchen Renovation Project Part 2

The first step was sketching out an idea of the way we wanted the kitchen to look based on what was already there, that we could work with.  There was nice knotty pine original cabinetry, the owners already had good stainless steel appliances, and had a wonderful large alcove space that would make a great pantry.  There was plenty of storage space.

As is common with these projects, a lot is done by trial and error.  The first color for the base cabinets did not work so well—it was too dark—so we were back to the drawing board.

We found out that we chose the right color but it was not mixed properly.  Shelby went back & had it remixed and here was the result!

Next week, we’ll discuss the doors for the upper cabinets.  See you then!

Roost of the Week

Madison Seller Kitchen Renovation Project:

Here at Nashville Roost, we don’t just sell property.   On many of our listings, I consult with the clients and we work together to do the upgrades and improvements that are most appealing to today’s buyer, and will bring them top market value.  The trickier part of this equation is making sure that we do the things that give a home the best bang for the seller’s buck, and that the seller is spending money on improvements that will work within a particular home’s price point.  We don’t want to over improve for an area or market, but we do want to show our homes in the best possible light, to get the best possible price.

One home that was particularly fun recently, is a special little gem at 802 Bixler in Madison, TN that will be listed next week.  Madison, a bedroom community about 20 minutes from downtown Nashville, has gained in popularity over the last few years, as buyers looking for affordable homes are being priced out of East Nashville.  It was so much fun working with the owners, a young couple named Shelby and Joe, who just recently got married.

This home is a 1950’s cottage style home with adorable curb appeal, a basement & fantastic 2 car garage with a workshop.  It had wonderful details like original hardwood floors, but the kitchen was a bit dated.  We know that kitchens are still one of the most important things to today’s buyer, so the owners and I worked together to give the kitchen a fresh update.  Stay tuned to next week’s blog and find out how we gave this kitchen its style!

(Before)

Roost of the Week

$135,000
MLS# 1730315
3 BR - 1.5 BA - 1560 SqFt

Lovely classic ranch on 1/4 acre with large flexible floor plan featuring multiple living spaces. Huge rustic bonus room with vaulted ceiling. Two car detached garage/workshop. Large kitchen, conveniently located to shopping, schools and interstates.  

Buying a HUD Home

We are excited to announce that we are now an official listing broker for HUD homes! Here a few tips to help you get started on purchasing a HUD home.

HUD Home Store is the listing site for HUD real estate owned (REO) single-family properties. This site provides the public, brokers, potential owner-occupants, state and local governments and nonprofit organizations a centralized location to search the inventory of HUD properties for sale. In addition, registered real estate brokers and other organizations can place bids on behalf of their clients to purchase a HUD property. HUD Home Store also includes many informative user-friendly features providing advice and guidance for consumers on the home buying process. Frequently Asked Questions (FAQs) are available online for:

What is a HUD Home?

A HUD home is a 1-to-4 unit residential property acquired by HUD as a result of a foreclosure action on an FHA-insured mortgage. HUD becomes the property owner and offers it for sale to recover the loss on the foreclosure claim.

The following information is provided as an introduction to the process through which HUD homes can be purchased. You can either scroll down the page, or access specific topics through the following topic menu.

Who Can Buy a HUD Home?

Anyone who has the required cash or can qualify for a loan (subject to certain restrictions) may buy a HUD Home.  HUD Homes are initially offered to owner-occupant purchasers (people who are buying the home as their primary residence). Following the priority period for owner occupants, unsold properties are available to all buyers, including investors.

Should I Get a Home Inspection?

HUD does not warrant the condition of its properties and will not pay for the correction of defects or repairs. Since the new owner will be responsible for making needed repairs, HUD strongly urges every potential homebuyer to get an inspection from a licensed professional home inspector prior to submitting an offer to purchase.

If you are interested in acquiring a HUD Home that is in need of repair, you may be interested in applying for an FHA 203(k) Rehabilitation Loan. When a homebuyer wants to purchase a house in need of repair or modernization, the homebuyer usually has to obtain financing first to purchase the dwelling; additional financing to do the rehabilitation construction; and a permanent mortgage when the work is completed to pay off the interim loans with a permanent mortgage. Often the interim financing (the acquisition and construction loans) involves relatively high interest rates and short amortization periods. FHA's 203(k) Rehabilitation Loan is designed to address this situation. The borrower can get just one mortgage loan, at a long-term fixed (or adjustable) rate, to finance both the acquisition and the rehabilitation of the property. 

What About Financing?

HUD does not provide direct financing to buyers of HUD Homes. Buyers must obtain financing through either their own cash reserves or a mortgage lender. If you have the necessary available cash or can qualify for a loan (subject to certain restrictions) you may buy a HUD Home. While HUD does not provide direct financing for the purchase of a HUD Home, it may be possible for you to qualify for an FHA-insured mortgage to finance the purchase.
Does FHA Offer Any Special Discount Sales Programs?

FHA REO properties located in designated Revitalization Areas are available at a reduced sales price to law enforcement officers, teachers, firefighters, emergency medical technicians, nonprofits and local governments. Read more about these Good Neighbor Next Door Initiatives.  You can also view maps of REO properties and special programs such as Revitalization Areas with HUD's Single Family Home Locator.

Where Can I Learn About Available HUD Properties?

Any single family property acquired by HUD FHA will display a sign identifying who is managing the property before it is listed for sale. During this time the property is appraised, title issues are resolved, if necessary, and a determination is made about the property's eligibility for HUD's discount sales programs. Property listings are posted on HUD Home Store. For more information, contact the Management and Marketing Contractor serving your area.

Additional Information About HUD Homes and Other FHA Programs

If you have more questions about the sale and purchase of FHA-insured homes, contact the Field Service Manager or Asset Manager Contractor that manages the FHA housing portfolio in your community. For more information about FHA and its programs, contact the FHA Resource Center.

Roost of the Week

$244,000
MLS# 1728375
5 Bedrooms, 3 Full Baths
1858 Square Feet

Gorgeous totally re-imagined stately home in desirable price point! Gleaming new hardwoods, open living area with fireplace, plenty of room in established neighborhood. Convenient to I-40, restaurants, schools & shopping!

 

Roost of the Week

Live in one of Nashville's most desirable enclaves for under $300K! Sharp condo unit in exclusive development just minutes from Historic West Town & Sylvan Park. This unit has a new roof, private wooded view off deck & large walk in closet in master!

Is it time to replace your window coverings? If they're worn, damaged or dated, it's probably time to start "window" shopping for something new. The good news is that now more than ever there are endless styles and colors to choose from. Find the right window treatment by considering your various options.

Determine Your Style -- Take a look at your decor and decide if a traditional or more modern style of window coverings would suit your home. Nowadays window coverings come in a wide variety of finishes, colors and styles.

Choose Your Material -- Determine what type of material fits your budget and maintenance preferences. Options include fabric, vinyl, aluminum, wood and even faux wood. You could frame your windows with curtain panels, opt for pleated or Roman shades, hang asymmetric swags, or mount horizontal or vertical wooden shutters.

Assess Your Functional Preferences -- Think about your light control and privacy concerns. For example, you may require blackout blinds for a media room or bedrooms but not for the less private areas of your home where sunlight is welcome.

Choose Custom or Off-the-Shelf -- Decide if you want to go with custom window coverings that are manufactured to fit the interior dimensions of your windows, or if an off-the-shelf window treatment will suit your needs.

Consider Energy Efficiency -- Think about your heating and cooling needs. Cellular shades help regulate heat loss or gain in addition to controlling the light. If you're likely to forget shade adjustment as a means of temperature regulation, consider upgrading to motorized shades.

Roost of the Week

The Importance of Color

Tuesday tip of the week! Door color can mean everything in the way your home shows & sells, or just for the way it looks for your own living pleasure. Our new favorite color is this glorious blue that makes the front of any home 'pop.'  Don't forget that when you are staging a home to sell, sometimes the things that make it show & market best are not things that are your own personal taste. In today's seller's market, it is likely your home will sell.  But, will you get top market value? These are the things that can make a difference! #FINDYOURROOST #TUESDAYTIPS 

Roost of the Week

This property that was co-listed with Kassandra Green went under contract in less than 48 hours!
#happysellershappyus!

Roost of the Week

Amazing opportunity for an affordable home in the heart of historic Edgefield in East Nashville. Deep lot with killer back deck great for entertaining! Within walking distance of many great attractions. 

Listed by: Marsha Mauney (615) 406-7196
Co-Listed by: Kassandra Green (615) 481-3181