Louisville KY Real Estate Blog

Real Estate Amenities - Location and Telecommunications

I deal with location all day every day. One client wants to be close to his work and have a short commute, another client wants to be near his daughter's private school. Another client wants to be close to downtown and all of the arts and entertainment options that are growing downtown offers.

What is not unique in their searches, is that to them, location matters. It matters a lot. As the saying goes, the three most important things in real estate are location, location, location. Location got me thinking as I was browsing Facebook the other night and a friend of mine was having trouble getting internet service to her rural home. It's actually a pretty common question I have to deal with while helping people buy and sell property at Nolin Lake. In today's society, we expect access to high-speed internet.

Telephone Operators

Growing up I lived in Pewee Valley. Most residents can tell you that a big part of the city is a cell phone dead zone. There just isn't a tower located close enough to provide a strong enough signal for use indoors. For most residents, they would gladly drop a call or two to maintain the beauty and serenity of the landscape. But what if you are required to be on call for your job? What if you really need to have cell phone coverage? You probably wouldn't want to put Pewee Valley on your search list. My wife and I nearly switched from Sprint to another cell phone carrier earlier this year because we couldn't get decent coverage in town. Then all of a sudden Sprint started turning on their new 4G network in town, specifically in the Springhurst area where I live and our quality of signal...

What is the difference between a condo and an apartment?

Yesterday I was pretty excited to see that the developer of Norton Commons had entered into an agreement to have some apartments built.  Yes, I said apartments.  Which isn't the language that was put on their Facebook wall as people were discussing the announcement.  They used the word condos in their post.  From what I've come to understand, using the word condo wasn't accurate to describe the housing being offered.  Apartments and condos on the surface are the same physical structure.  A lot of times they have some common features.  Condos and apartments both have common areas, possibly pools, typically they are not metered separately so your water bill is part of your rent or monthly maintenance.  As a matter of fact, some condos even started off as apartments.  A great example of that is the Westport Village area such as Westport Gardens.  Most of the condos that border that shopping center were apartments at one point.  So if an apartment and a condo are physically the same structure, what sets them apart?

It is essentially their legal entity.  The way they are deeded.  Condos are deeded separately.  Each unit has a deed for that unit as well as a percentage of the common area.  The common area could include hall ways, club houses, pools, playgrounds, green space, etc.  Each unit's owner also has a legal obligation to pay maintenance fees for that common area.  That is one of the reasons why condo ownership can be tricky.  You are essentially going into business with your neighbors.  If one of your neighbors goes into foreclosure and stops paying their monthly dues, then the association has to make due without that money.  Have a large percentage of residents not be able to pay their bills and things...