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Nashville – Developers have flocked to 51st Ave.

29 Wednesday Mar 2017

Posted by danabattagliahomes in Dana Battaglia, Nashville TN, Real Estate, Sylvan Park, The Nations

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37209, Dana Battaglia, Home Buying, Nashville TN, New Home Buyers

Developers have flocked to 51st Avenue to bring restaurants, retail and residences to the fast-growing corridor.

636253394832842344-NAS-51st-Avenue-01.jpg

(Photo: Shelley Mays)

On a warm Saturday morning in March, joggers and young couples with strollers made their way down 51st Avenue North, bypassing construction sites and new restaurants advertising weekend brunch.

The scene was far different just a few years ago, when the main thoroughfare in The Nations neighborhood lacked much activity aside from industrial uses like auto body shops and lumberyards.

Some of those longtime industrial users still dot the street, but so do about a dozen newcomers, including restaurants, retail stores, apartment buildings and “coming soon” signs.

The nine-block stretch of 51st Avenue North between Charlotte Avenue and Centennial Boulevard is a symbol of the rapid development sweeping Nashville neighborhoods as old homes get demolished for new builds and businesses move in to offer residents amenities.

The neighborhood’s name stretches back to before colonization, when different Native American tribal nations would meet there to communicate with each other. Lying about five miles west of downtown, the area is now drawing comparisons to 12South at the cusp of its development more than a decade ago. Today, 12South is one of Nashville’s priciest home markets and a red-hot area for commercial tenants.

“(The Nations is) going to be like a 12South, but it’s going to be the West Nashville version of it and it’s going to have a different feel and flavor than 12South,” Metro Councilwoman Mary Carolyn Roberts said.

In the last few years, 51st Avenue North has welcomed caterer and grab-and-go market Tinwings, women’s clothing boutique The Mill, bridal shop Willow Bride, restaurant/bar House: A Social Eatery, high-end restaurant Fifty First Kitchen & Bar, neighborhood hang The Nations Bar & Grill, retail store Fashionable and chef-driven restaurant Nicky’s Coal Fired.

The Mill Boutique's owners Lauren Miller and Allie
The Mill Boutique’s owners Lauren Miller and Allie Abide at their 51st North Ave shop.  (Photo: Shelley Mays)

Right nearby is Fat Bottom Brewing Co., dive bar The Centennial, Centennial Cafe, craft beer bar The Old Gas Station and Three Corners Coffee. More businesses are on the way, including Corner Pub and 51N Taproom.

It was in large part the affordable real estate prices that drew Lee Ann Merrick to 51st Avenue two and a half years ago to open Tinwings, but she initially feared she might not get enough business in that location.

“51st Avenue is the lifeblood of our neighborhood.”

Metro Councilwoman Mary Carolyn Roberts

“To be quite honest, I thought it would five to 10 years before the neighborhood would be able to support what we were doing,” Merrick said. “I was quite frankly concerned our customers wouldn’t come over here. I didn’t feel comfortable being here myself unless the store was closed. (Six months later), it was already different.”

Today, Tinwings is thriving with support from the neighborhood. She wants to start opening for business on Saturdays because she sees people walking their dogs, pushing strollers and groups of tourists that have rented nearby Airbnbs.

“When I’m here on Saturdays cooking or doing paperwork, people are coming up and pulling on the door. They’re ready and they’re here and more are coming,” Merrick said.

► Related: Nashville region still growing by 100 people a day, new data shows 

Nashville’s hot street

New residents have poured into The Nations, where Roberts estimated some 5,000 homes have been built in the last six years.

Drive the streets surrounding 51st Avenue and you’ll see rows of “tall and skinny” houses attracting young professionals and families who are drawn to the neighborhood’s proximity to the interstate and downtown. Developers are replacing old homes with multiple houses on one lot and home prices have jumped into the $400,000 range for a three-bedroom new build.

Construction workers build new homes on Illinois Ave.Construction workers build new homes on Illinois Ave. The neighborhood know as the Nations is changing rapidly with new home construction and renovation to old business buildings.  (Photo: Shelley Mays)

Gentrification concerns Roberts, who said many longtime residents are being displaced by rising home values and property taxes. She’s working to educate people about property tax assistance programs ahead of April’s long-awaited property reappraisal.

“At the end of the day, if these longtime residents do sell or are forced to sell, they have nowhere to go,” Roberts said. “Their whole life has been in this one neighborhood. I constantly hear, ‘I used to know everyone on my street and now I don’t know anybody.’”

Chuck Cinelli, owner of pioneering Coco’s Italian Market on 51st Avenue, echoed Roberts concerns and said many of his employees can no longer afford to live in The Nations or even Davidson County.

“Some employees used to be able to bike and walk to work and they can’t do that anymore. They’re living further away or they have to have roommates,” Cinelli said.

Drawn to the changing demographics, commercial developers have flocked to 51st Avenue to bring amenities such as restaurants and retail.

Developer Nathan Lyons of Vintage South Development is in the process of revitalizing the former Belle Meade Hosiery Mill at the corner of 51st and Centennial in a four-phase project that will bring a mix of retail, restaurants, creative users and office space to the site. The first announced tenants include Nicky’s Coal Fired, Fashionable and Office Evolution.

Barrett Ward, CEO of Fashionable, photographed at theBuy PhotoBarrett Ward, CEO of Fashionable, photographed at the company’s new headquarters at the Stocking 51 development in The Nations. (Photo: Alan Poizner | For The Tenne
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Buying to Renovate: What Your Clients Need to Know!

16 Thursday Mar 2017

Posted by danabattagliahomes in Dana Battaglia, Nashville TN, Real Estate, Renovations

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Dana Battaglia, Home Buying, Nashville TN, Remodeling

Buying to Renovate: What Your Clients Need to Know!

By Denise Lones, The Lones Group

Many buyers are finding themselves having a hard time purchasing the type of home they initially began searching for. Often they are faced with a decision to alter their criteria and even their price expectations. Many areas are experiencing severe inventory shortages, leading some buyers to make the decision to remain in their homes and renovate OR to find themselves buying something that isn’t quite perfect now, but they plan to make it perfect for them through renovation.

Dana Renovation

If you are helping a buyer with this sort of plan in mind, they may need some help planning their upcoming renovation.Here are some things your buyers should keep in mind:

 REALITY CHECK

Before you ever spend a dollar or lift a hammer you have to evaluate if you have the “stomach” to handle a renovation. If you remain living in your home while you are renovating, then you will be faced with some level of chaos. Certain personality types do not do well with chaos. There will dust and displaced household items and unfinished walls, drywall and flooring, some people just can’t handle that kind of environment. Therefore, a buyer may want to complete the renovation before moving in.

VISION

A great renovation starts with a list of the things the buyer would like to see changed. The list then needs to become visual. I recommend putting together a vision board or PowerPoint of photos you like from sites like Houzz or Pinterest. This is an excellent idea because there is no better way to convey exactly what you want than by showing a photo of the type of changes you want. I call this the Renovation Style Guide.

RESEARCH

Once your buyer has the vision of what they want, it is time to find out approximately what those types of things cost. Perhaps it is a built in coffee machine and steam oven in a kitchen that has grabbed their attention or a rain showerhead. It is easy to find out the approximate prices to purchase these items. But there is also the cost to install and to operate. If you or your buyers are dreaming of a 10-foot-long island, there is an expense to fabricate a slab so large. By far the biggest mistake people make when renovating is that they do not allow enough in the budget to do what they initially want to do and they end up having to cut out some of the main things they initially wanted in their renovation.

PROPERTY/SITE ANALYSIS

Before a contractor is hired, do a thorough analysis of the home site. Is there anything on the site that could be a restriction from doing the type of renovation desired? Make sure the title report is checked, but also contact the local city or county planning and licensing department to find out what permits are required.

MEASUREMENTS

A critical part of budgeting includes accurate measurement. Everything from cabinetry, countertops, and even drywall needs accurate measurements in order to accurately budget for these items. There are many local companies and even large box home improvement stores that offer measurement services. Take these measurements everywhere you go.

TALK TO THE PROS

Before you decide to move an island that has plumbing and electrical, determine that is even possible by talking to a professional. The pros will provide time- and money-saving tips to enhance your project. And never talk to ONLY one trade. You have to talk to at least two plumbers or electricians to make sure you are getting the best rate and the best fit for your personality type.

SET THE TIMELINE AND BE PREPARED

Before the renovation, create a progress book. A progress book is the TIME diary of the renovation. Take daily, yes DAILY, photos of the work that has been done that day. Track the timeline of everything that is being done, especially for projects that overlap. The progress book can come in handy in the event there is ever a dispute about the quality of work. Imagine a plumber doing some work that ends up being problematic. The photos can be a wonderful way to show the steps the plumber did to complete the job which could help down the road. There may be some clues in these photos that show what could have gone wrong. It is also an excellent way to keep everyone honest and to keep the quality high. I actually take video of any important renovation moments like a beam being put up or a kitchen being demolished. These are also wonderful memories for later.

Making the decision to renovate takes more thought than just envisioning the finished project. Research and investigation are the most important parts of any renovation. By being prepared and by doing the homework you or your buyer will be richly rewarded when the renovation is complete.

Buying a home: myths and truths

28 Tuesday Feb 2017

Posted by danabattagliahomes in Dana Battaglia, Nashville Realtor, Nashville TN, Real Estate

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Dana Battaglia, Home Buying, Nashville TN, New Home Buyers

Preparing to buy a home: myths and truths

By Dawn Papandrea Posted: 01/25/17 Updated: 02/09/17

When it comes to purchasing a home, people have many misconceptions, says Craig Garcia, president of Capital Partners Mortgage.

“The homebuying process is harder than you think,” says Garcia, who is based in Florida. “But the more prepared you can be, the better experience you will have.”

To help make sure your homebuying experience is positive, study these real estate and mortgage myths and truths:

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Myth: You need a 20 percent down payment

There’s an array of loan options that don’t require 20 percent down, says Garcia.

That’s a good thing. For many consumers, that number can delay their homebuying dreams for years.

There are many programs for first-time homebuyers, especially from the Federal Housing Administration (FHA) and Veterans Affairs (VA). So speak to your mortgage banker about some programs.

Myth: Put down as much as you can to lower your monthly mortgage payment

Saving for a big down payment is advantageous but you also do not want to deplete your savings, says Michael Foguth, founder of Foguth Financial Group in Brighton, Michigan. His recommendation: Save as much cash as possible for unexpected expenses.

Foguth says, “You shouldn’t overextend yourself. If you use all your cash, you could end up short on your mortgage payment.”

Myth: Save money by bypassing the real estate agent or mortgage broker

While that could prove true in some cases, rarely does the homebuying process go so smoothly that you couldn’t benefit from expert input, says Foguth. That could include a bad inspection report, a low appraisal, or discovering liens against the home.

“Hire a professional and negotiate a fee. Don’t try to do it on your own and think it will be a breeze,” Foguth adds.

Myth: If you get a pre-qualification, you will be approved for a mortgage

Loan approval involves an underwriter sifting through hundreds of pages of documentation, as well as considering other factors like the home appraisal report. A pre-qualification letter, however, is based on a quick, preliminary analysis of your credit report, Garcia says.

Getting the letter is a recommended early step to show you’re a serious buyer, but it doesn’t mean a loan approval is guaranteed.

Myth: Credit score damage will crush your home dreams

Although it might not be ideal, many borrowers are able to secure a home loan even with not-so-stellar credit, especially if they have a significant down payment and strong income.

Garcia notes that your interest rate will likely be higher since the lender is taking a bigger risk on you.

Truth: Finding a new home takes time

46 days is the average time it takes to close on mortgage loan applications.

In other words, don’t count on finding and closing on a home before your rental lease ends next month.

Truth: Once you find a home, be prepared to move quickly

46 percent of homes sold in August were on the market for less than one month.

Garcia says, “People who casually go out and find something that’s perfect, but who aren’t really ready, find themselves scrambling.”

Truth: Small savings add up over time

The difference between a 3.5 and a 4 percent mortgage interest rate equals thousands of dollars over 30 years.

In the months leading up to buying a home, work hard on improving your credit, since the better your credit score, the better the interest rate will be on your loan. Some credit score-boosting strategies to try:

  • Pay down credit card balances
  • Correct errors that may be on your credit reports
  • Don’t open new credit lines
  • Maintain a clean payment history

The people who have the best homebuying experience are the ones who educate and prepare themselves and take the process seriously, says Garcia. Work with professionals who can help separate myths from truths, and you’ll be opening the door to your new home in no time.

Nashville’s Real Estate is still booming

27 Monday Feb 2017

Posted by danabattagliahomes in Dana Battaglia, Nashville Realtor, Nashville TN, Real Estate, Sylvan Park, The Nations

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37209, Dana Battaglia, Nashville TN, Sylvan Park

In case you hadn’t heard….Nashville is still booming! There has never been a better time

to buy and sell in this city. Sales for January of 2017 were at a record high, almost 12% over January 2016. Balanced growth is a continuing trend in the city. Couple that with a surplus budget and a terrific Mayor, and we have reason to think the real estate market will remain strong.

Just 10 years ago it was a stretch to find walkable neighborhoods. Now we have such great choices with trendy restaurants, exciting shops and urban housing.

5403 B Tennessee st. Nashville TN

The Charlotte corridor couldn’t be more exciting. From 51st Kitchen in the Nations to Mielat the edge of Sylvan Park, there are a number of high-end choices. There is no end of places for pizzas and burgers, and I personally can’t wait for EIO (I think that is“Everything is Organic”) touted to have some Gluten-Free, Dairy Free options. Anothernew restaurant is opening on 46th in Sylvan Park this spring and the menu looks delicious.It will be called “Answer” and is slated to open late March. At any rate, the Nations off Charlotte, Cleveland Park off of Gallatin, East Nashville, 12th South, The Gulch, Downtown living, Hillsboro Village etc. etc. all hold such great options for lovely walkable neighborhoods with scrumptious foods and tempting stores.At the same time we are blessed with gracious historic homes, contemporary homes and land with sweeping views just outside the city. When I drive around various areas of town with clients, the uniqueness of Nashville becomes so apparent, and I feel lucky to be here.

If I can help you “be here” or make a change, call me!

Dana Battaglia – Realtor
Christianson Patterson Courtney & Associates
Office – 615-202-7777 – Cell 615-504-9792
Tennessee Real Estate License # 265969

Nashville VitalSigns Report 2017

25 Saturday Feb 2017

Posted by danabattagliahomes in Dana Battaglia, Nashville Chamber of Commerce, Nashville TN, Real Estate, Sylvan Park, The Nations

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37209, Nashville TN, Ralph Schulz, Sylvan Park

Nashville VitalSigns Report 2017
Nashville Chamber of Commerce

Ralph Schulz, President of the Nashville Chamber of Commerce, spoke to our firm this morning regarding the status of Nashville with regard to three things. They call it the VitalSigns report. The three factors are Advancing Regional Mobility, Improving Postsecondary Attainment, and Enhancing Health and Wellness. The stance they take is that the inter-connectivity of these three is critical.

Nashville is growing at a rate of approximately 71 people a day. Out of our 8 peer cities only Denver and Austin are anticipated to grow faster than we are.

Advancing Mobility is crucial to employers keeping their businesses in

Nashville, as well as continuing to attract new businesses here. We have to fund mass transit and make sure employees can get to work in a reasonable timeframe. The governor-proposed gas tax will be of help for maintenance, but we have some work to do to fund the major transportation needs.

While Nashville’s percentage of workforce with a 4-year degree and higher is in line with our peer cities, Nashville’s workforce is lagging behind a bit in level of education. The Chamber is hearing (as recently as a conference this past week in NY) that companies tend to relocate to cities where the workforce is educated and readily available.

However, the city is continuously improving and our reform for education is becoming a positive enough example that the UK just came here to study it!

And although we have more doctors per capita than the national average, we are also showing we have a greater prevalence of some chronic diseases such as COPD, Depression, Diabetes and Hypertension.

So those are the challenges, and we are working on them….On the

positive side we have strong components for workers to come here. Our cost of living is about 95% of the National average and the tax benefit to living here puts us about 106% above the National average.

That 10% advantage allows people to buy homes, pay off education and invest in businesses at a greater rate than in many other locations.

There are currently 92 ongoing projects for new companies in the Nashville area. Half of them are relocations and the other half are job expansions. We are growing by about 19,000 jobs per year!

All in all, it was an incredibly positive report. Click here for it in its entirety.

Nashville Vital Signs 2016

Nashville has a unique way of combining political and business forces for problem solving. And our growth is a wonderful problem to have.

It’s still a great time to buy and sell houses. Great rates, a great place to be and an Accomplished Realtor to help you!

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