The Julie Pogue Properties Louisville KY Real Estate Blog

Take a look at what's been going on at Julie Pogue Properties

 

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Thinking of Remodeling?

Are you wondering what value you might recoup on your remodeling projects? The 2010-2011 Cost vs Value Report has just been released by Remodeling Magazine.  They have data specific to the Louisville, KY area by project type.

Perusing the data, there are not projects at this time will recapture 100% of your job costs in the Louisville, Kentucky area or Kentucky region and only ONE that will capture more than 10%.  Want to know what it is? It is replacing your entry door--as long as it is a steel door.  National job cost is $1,218 with a $1,243 resale value for 102.1% cost recouped.  For any other remodeling project, statistically, you cannot expect to recoup your costs in resale value at this time.

Just so you know, the top four returns in the midrange project types are as follows:

Job Cost  Resale Value Cost Recouped

Attic Bedroom Remodel $47,540 $37,537 79.0%

Entry Door Replacement (Steel)    1,176       964 82.0%

Garage Door Replacement    1,248      1019 81.5%

 

Top two returns in the upscale project types are as follows:

Siding Replacement (fiber-cement) $13,161 $10,543 80.0%

Siding Replacement (foam-backed vinyl)   13,213  10,543 79.8%

 

Other projects that might be of interest were as follows:

Major Kitchen Remodel (upscale) $111,127 $70,886 63.8%

Major Kitchen Remodel (midrange)     55,972       41,143 73.5%

Bathroom Remodel (upscale)     15,533    11,093 64.7%

Bathroom Remodel (midrange)      15,533        11,093 64.7%

Window Replacement (vinyl & upscale)       17,251      12,295 71.3%

Window Replacement (vinyl & midrange)       10,373      7,483 72.1%

All this information and more can be found on the web at www.remodeling.hw.net.  Don't discount the value to yourself for enjoying the rewards of these projects as a family. Keeping your home in good repair and up-to-date will improve your resale value.  Besides, you don't want to end up fixing up your home for someone else.  You should be enjoying it all along! After all, your home should rise up to greet you every day.  Take steps to ensure it does!

Remember, we are always here to assist you, your family and friends when you are ready to sell your home or make that purchase.

Have a terrific week!

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House Hunting Checklist

I recently had the opportunity to work with a very well-organized buyer.  We looked at more than 30 homes that matched her criteria.  As the housing inventory is so great, there are more homes to see than ever before.  Right now it is truly a buyer's market.  But, with so many homes to view, they can all begin to look alike if you don't remain organized.  This gal was ready with her checklist and really took the time to fill it out between each showing.

Some of the things on her list included the amenities she required (or if they were missing), ratings on the neighborhood, traffic, surrounding area, how much yard maintenance would be necessary, ability to re-sell in approximately three years and even a measurement for her 'Wow' factor--really a good way for her to  purchase with her head as well as her heart.

I have no doubt we will be writing a contract for her very soon and she will be living in a home that will 'rise up to greet you,' as so aptly put by popular television show host, Nate Berkus.

If you'd like help developing a list when you start house-hunting, just let us know.  We will be honored to help you.

Have a terrific week! 

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3428 Grandview Avenue, St. Matthews, KY 40207

Julie helped her client find this perfect home in St. Matthews, near the heart of it all.  Three bedrooms, 2 full baths and nearly 1,800 square feet of charm! 

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11937 Creel Lodge Drive, Anchorage, KY 40223

Julie represented the sellers of this lovely 5 bedroom, 4 full bath and 1 half bath home with walk-out basement and more than 6,400 square feet.  The over-sized lot and golf course view made this a special purchase for the buyers Julie brought to the home.  Of course, Creel Lodge Drive is a fantastic place to live...

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122 Oxford Place, St. Matthews, KY 40207

Julie assisted her client, who had moved to town with the University of Louisville Athletic Department, find this charming St. Matthews Cape Cod.  This home offers 3 bedrooms, 2 full baths and more than 1,800 square feet.  Great location near shopping and restaurants.

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6506 Arbor Ridge Drive, Crestwood, KY 40014

Julie assisted her clients in Crestwood in selling their home, along with their re-location company.  This home was like-new with 4 bedrooms, 3 full and 1 half baths and 4,500 square feet in award-winning Oldham County School District.  Arbor Ridge is a very family-freindly neighborhood.  

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2708 Lakeside Drive, Louisville, KY 40205

Julie assisted a local bank with the short sale of this home in the much sought after Strathmoor neighborhood.  This home is full of charm and sits on an oversized lot.  The buyers of the home scored a property with 3 bedrooms and 2 full baths.  

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11203 Coventry Greens Drive, Louisville, KY 40241

Julie found this great home in Indian Springs for her client.  It is the perfect new place with golf course view and in a family neighborhood.  The home has 4 bedrooms, 2 full and 1 half bath with more than 2,100 square feet.  

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4612 Shenandoah Drive, Louisville, KY 40241

Julie helped her client sell his home at 4612 Shenandoah Drive in Brooks Hickory Hollow.  This location is near the expressways and fantastic shopping.  The home has been updated, has 4 bedrooms, 2 full and 1 half baths and 2,800 square feet.  A huge, fenced-in back yard is a great place for entertaining.

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7307 Grand Isle Way, Prospect, KY 40059

Julie sold this fabulous home in Bridgepointe for her clients in Prospect, Kentucky.  This home was in immaculate condition and had a great lot on a very quiet street.  The home has 5 bedrooms, 4 full and 1 half baths, more than 5,000 square feet with a walk-out basement.

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8000 Magnolia Ridge Court, Unit 204, Louisville, KY 40291

Julie worked with her client in Fern Creek to sell this immaculate condominium in Magnolia Ridge.  The unit has 2 bedrooms, 2 full baths and more than 1,300 square feet.  Community amenities include pool and club house.

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4026 Brownsboro Glen Road

Julie sold this 4 bedroom, 2 full and 1 half bath home with more than 2,300 square feet for her clients in Brownsboro Glen.  She also went on to help them find their perfect new home.  

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3212 Trail Ridge Road, Louisville, KY 40241

Julie helped her buyers find this fantastic 4 bedroom, 2 full and 1 half bath home with more than 3400 square feet in Falls Creek.  Just in time, as her clients are getting ready to welcome their second child into the world.  

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7705 Wolfpen Ridge Drive, Prospect, 40059

Sold in 9 days at full price! Julie sold this home for her clients in 9 days at full price.  Gorgeous 4 bedroom, 4 full and 1 half bath home with more than 4,000 square feet in Prospect.  

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2323 Gladstone Avenue, Louisville, KY 40205

SOLD! Julie found great buyers for this charming, Highlands cottage.  This property offers 3 bedrooms, 2 full baths and nearly 2,000 square feet.  Let Julie find the perfect new home for you! 

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11914 Creel Lodge Drive, Anchorage, KY 40223

Beautiful 5 bedroom, 4 full and 1 half bath home with nearly 5,000 square feet.  Located on the fantastic Creel Lodge Drive in Anchorage.  Julie found the perfect new buyers for this gem in award-winning Anchorage School District.

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Getting it Right: Responsibility you might have with selling your parents' real estate

There have been numerous articles and news stories for the past several years about overpriced listings.  Follow these steps to ensure the property of a deceased parent sells easily and quickly.

First of all, make sure that on the will you are listed as a joint tenant 'with right of survivorship.'  So now there is no need to wait for a will to be probated.  You can sell the home by just producing your parent's death certificate.  This varies from state to state so consult your attorney to be sure.  But for most states this will suffice.

The second thing to do is consult with an experienced real estate office who knows the area and the current market conditions.  This is where we come into action and can be of benefit to you--especially if you reside out of the market.  You need to know your realtor is trusted and well-connected to the local market.  They can be your eyes and ears in your absence.

The third thing to do is spend a week getting the home ready to show.  Work to de-clutter the home, remove personal items, clean the house from top to bottom and get rid of frilly ornamentation that would deter buyers from seeing the good 'bones' of the home.  You will find yourself with numerous bags of items going to local charities or the trash.  Don't forget to consider local auction houses, too, for items of value that no family members want to claim.  Extra cash can always come in handy.  Wash the windows, repair and replace what needs attention and make everything gleam.  If you are out of town there are services that do this sort of thing for you that we can easily recommend.  

Fourthly, leave the utilities on so that lights can be activated by throwing a switch or turning a valve.  This is so important.  I cannot count the number of homes I have shown that were dark, hot, etc. due to the complete termination of the electric account.  Trust me, touring homes in the hot Kentucky summer without lights or ac is not fun.  In any case, the utilities will be activated for inspections to be conducted.  Many people will turn the utilities off in order save a few hundred dollars, and in turn, lose thousands of dollars and months of the year while waiting for a buyer.  With all this being said, be sure to winterize a home if it will be vacant during the cold, winter months.

Lastly, listen to our advice about pricing.  We work in the local market every day and understand the assets of your property.  If you want your property to sell before someone else's property you will need to price it a little bit below the competition.  By attractively pricing said property properly, you will guarantee that anytime other homes are being shown in your area, yours will be on that list as well, at a very competitive price.  And once buyers have the opportunity to compare your property to the others, your well-priced home will stand above the rest.  You will find your parents' home sailing toward a smooth closing in a very short period of time.  

Most of the other homes in the area will have been for sale for months, if not years because of stubborn overpricing the prevailing market.  But yours will go in a much shorter period of time and all this during what is considered a tough seller's market.

It just goes to show that when you do preparation right, play the game correctly and work with an expert realtor, you can sell your home in today's market.  And often sell it quickly!

Call me if you or someone you know is ready to sell their residential property.  We are ready, willing and able to assist and advise you on how to move your real estate quickly and get on with your life.

Have a great week! 

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My A Team

A couple of weeks ago I wrote about the book titled, Who's Got Your Back.  Well, I want you to know that I have the best office family anyone could ask for and I appreciate each and every one of them!

I am a very blessed girl to have them all.  I had the occasion to travel in Europe and was not as accessible as I normally would have been.  Everything was taken care of and handled at the office with grace and professionalism.

I love that we all have each other's backs and work together as a true A Team should.  Each and every one is honest, kind and hard-working and most of all, they care very much for one another.

Life is short--so many people hate their jobs and those they work beside--I am so glad that is not us!

This a very tough, competitive, exhausting, not to mention, sometimes heart breaking profession; but it is also very rewarding and their is no other job I would rather do.

I would like to thank my office family for being an integral part of my team! Here is wishing much success, happiness and love to you all.

Please take a moment to meet my team by going to my home web page and click on the third tab from the right at the top marked 'Meet.' Then select 'Meet Our Team' in the drop down box. These are the folks who assist me in being sure we always provide our valued clients with the BEST service possible! 

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