Louisville KY Real Estate Blog

Deciding on Your Perfect Home with Your Spouse or Partner in a Hot Market

a couple looking at a house to buy

Getting On The Same Page

With the real estate boom creating a high demand for homes, it's important to know precisely what you want so you can jump on the right opportunity. Couples who iron out their home preference differences early in the game often fare better in a low-inventory housing situation. Most people don't think about home-buying compatibility when falling in love. Fortunately, defining your perfect home with your spouse or partner isn't too complicated. Even if one person dreams of a low-maintenance small yard and the other yearns for an acre, it's possible to get on the same page.

Of course, the first step is to decide to own instead of rent. SmartAsset named the top 10 metro areas where renting is not as attractive as owning. Louisville, Kentucky took second place as one of the best areas to own a home. Researchers with the financial technology company point out the average monthly mortgage in Louisville, KY, is less than average rental costs.

Owning a home versus renting has other serious advantages beyond the financial side. In addition to building wealth through equity, homeowners have more freedom to decorate and no landlords raising the rent or placing restrictions. After choosing to buy a home as a couple, it's time to negotiate, compromise and create a shared vision. While on the house hunt, make separate notes about favorite aspects of the homes to discuss at a later point.

Deciding on a price range

Figuring out a budget is not a completely subjective decision. Most couples rely on a mortgage lender to afford a home. A lender will pull credit reports and look at the debt-to-income ratio to...

Cherokee Park

Cherokee Park is a 409-acre municipal park located along Cherokee Parkway and Grinstead Drive in The Highlands neighborhood of Louisville. The park was designed by famed park architect Frederick Law Olmstead in 1891 on part of a 4,000-acre military land grant from 1773. Two tunnels carry I-64 under Cherokee Park, built in the late 1960s to help lessen the impact the highway would have on the parkland. The park was damaged in the 1974 Super Outbreak, where thousands of mature trees were decimated by the tornadoes in early April of that year. With help from the Disaster Relief Act of 1974 and consultation of the original Olmstead plans, Cherokee Park was brought back to life with 2,500 trees and 4,600 shrubs.

Daniel Boone Statue in Cherokee Park

Amenities at Cherokee Park

Several amenities and landmarks dot the green space in Cherokee Park, including the 2.43-mile Scenic Loop. The mixed-use road circles the heart of the park, providing motorists, bicyclists and pedestrians with plenty of room to explore.

Big Rock is a large rock in Beargrass Creek, which is used as a picnicking spot and -- for the crazy ones -- a place to take a dive into the creek.

A fenced-off dog park at Baringer Hill provides Fido and Fluffy with unleashed fun. The hill itself is also perfect for those days when the winds are right for kite flying.

Speaking of dogs, there's also a place for your pups (and ponies) to take a cool drink called Hogan's Fountain. The fountain is atop a hill within the Scenic Loop and was sculpted by local artisan Enid Yandell in 1905. The area around the fountain includes the Hogan's Fountain Pavilion -- a teepee-styled gazebo and gathering spot for the entire city...