Forest Springs (along with Forest Springs North) is a great neighborhood in Louisville's east end off LaGrange Road just outside of the Gene Snyder Expressway, near Rock Springs, Woodmont and Fox Run. Homes here are reasonably priced while still being part of a great community with tennis courts, pool and clubhouse. This subdivision has some beautiful homes and is located in a great part of town where a lot of new development is taking place. Read More »
Indian Hills is one of Louisville's grand ole neighborhoods. For the affluent home buyers, this subdivion is close to the city (Area 3, not to be confused with the Indian Hills located in Franklin or Carroll counties) but still boasts large lots, mature trees and beautiful rolling hills. Like Anchorage in many ways, this city has a great reputation for varied styles of home design. Indian Hills is also similar to Anchorage in that there's a wide range of home ages and even values, even though more are at the higher end of the price spectrum. There are some truly magnificent properties located in this neighborhood. Read More »
Let's be honest. In this economy, money is tight. People are now being very creative in how to keep more money in their own pockets. Home improvement is one great way! Here at LouisvilleHomesBlog.com, we want to provide the very best in real estate information and advice so that you can make the decisions that best fit your situation. With that in mind, the National Association of Realtors publishes a Cost vs. Value Report every year. This is great stuff! What's even better is when you find data for our specific market. That's what we have and you've come to the right place.
The following home improvement projects are ordered by Cost Recouped. This data is also specific to the East South Central region where Louisville KY real estate is located. This region contains Tennessee, Mississippi and Alabama as well.
The average costs for foam-backed vinyl siding is $11,111 where the resale value increase is $10,165 for a cost recouped percentage of 91.5%. Fiber-cement siding is only slightly less at 90.2%, so it's also a good choice. Vinyl siding, without the foam backing came in much lower at only 84.6%.
The average costs for adding a wood deck addition to a Louisville home is $8,903. This increases the resale value by $7,588 for a cost recouped percentage of 85.2%. Projects like these can also add a bit of "wow factor" for lower priced homes and could possibly be necessary for homes in more expensive neighborhoods where having a deck is expected. Using composite decking only returns a 71.7% for Louisville Kentucky.
The average costs for a mid-range basement remodel is $53,552 where the resale value increase is $44,924 for a cost recouped percentage of 83.9%. These numbers are considered average for our area so you can expect there is potential to spend much less or much more. In either case, remodeling an unfinished basement in Louisville is a very good investment, especially when you consider that the national average is only 72.9%.
Asbury Park is a unique neighborhood in Louisville's East End near Prospect and Springhurst. Asbury Park is unique because of the way the homes are laid out around green spaces, with small lots and garages only in the rear of the property. Similar in some aspects to Norton Commons, Asbury Park harkens back to an older time where people walked more and interacted their neighbors on a regular basis. Near shopping at The Summit, several dining options and access to the expressways, this great neighborhood has a lot of positive traits. You won't find many neighborhoods with character like this in Louisville. Read More »
Briar Hill is a great neighborhood in the southern portion of Oldham County (Area 21) that's been nice for 20 years and is now taking off! About 24 years ago they started building custom homes on larger lots without moving too far east of the Jefferson County line. Today they're building even nicer, custom homes, similar to those you might find in Hillcrest on Oldham's north side. Because of it's location in Crestwood and growing size, Briar Hill is a popular place for a homebuyer seeking the top-rate Oldham Co. schools without moving too far from Louisville. If you like GlenOaks, you should also consider Briar Hill! Read More »
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