Berm homes are truly a rare gem and are often misunderstood. People typically think of "cave" homes that are dark and dank. However, this couldn't further from the truth! Modern berm homes are constructed in ways that allow lots of natural light, have plenty of living space, full size windows in every room, and provide superior energy efficiency.
The berm home is easily identified because of the unique exterior appearance. It looks like a ranch home that's been nestled into the side of a hill. The exposed front of the house, usually faces south, allows the sun to light and heat the interior. This berm, currently listed for sale, can be found in the beautiful town of Palmyra. The serene setting provides the ultimate "get-away" from the hustle and bustle of city life.
Berms have many benefits:
Save up to 80% in heating and cooling costs
Safety from storms and tornadoes
Comfortable interior climate year round
Financing options are available for berm homes thru local credit unions, regional banks, USDA, and FHA. Interested in a berm, give me a call and lets talk.
I’ve been marketing and selling foreclosured homes for almost 10 years in the Southern Indiana and Louisville Kentucky region and I’ve seen some amazing deals and buyer opportunities. However, buying a foreclosed property is not for the faint of heart. Buyers need to work with a Realtor® who’s experienced with foreclosures (and not just a Realtor® who has sold a few here and there).
First and foremost, BUYER BEWARE when purchasing a foreclosed home. The bank who owns the property doesn’t conduct inspections or do a title search beforehand and seldomly know of any underlying defects. In many jurisdictions, the bank doesn’t legally have to complete a seller’s disclosure. Anyone looking to buy a foreclosed home is highly encouraged to have a 3rd party home inspection and should also buy owners title insurance.
I often get phone calls from first time buyers who are seeking a “great deal”. They’re armed with information from late night TV shows, friends, and family members that foreclosures sell for pennies on the dollar. The truth….foreclosures do typically sell below market value, but not at the deep discounts portrayed on TV. Banks initially list a home based on a recent appraisal and/or a Broker Price Opinion which takes into consideration the current condition of the property, the current market penetration, over supply/demand for the neighborhood, and the area unemployment rates. Property that is undervalued at the initial listing is often bid up by multiple offers and will sell above list price.
Securing a loan on many foreclosed homes is a challenge because the property has deferred maintenance. FHA, VA, and USDA loans require the home to be in good, maintained condition with utilities active. Conventional loans insured thru Fannie Mae and Freddie Mac is slightly less strict on condition but will require a significantly higher down payment to qualify....
Every Halloween season, the residents of Hillcrest Avenue in the Crescent Hill Neighborhood of Louisville Kentucky create a "spook-tacular" display of Halloween decorations. You'll find all sorts of fun themes from zombies, ghosts, aliens and UFO's, to Charlie Brown. Drive down one evening, park for free, and take a fun stroll. You won't be sorry.
When it comes to energy efficiency, look for smart features and expertise to help you save energy and money and add value to your home.
1. Begin with a Right-Sized Home.
If the home you buy is simply too large for you or your family’s needs or plans, you stand a good chance of wasting energy through excessive heating and cooling costs. If it’s too small, you’ll feel cramped and uncomfortable. It’s a big investment, so seek balance and buy it “right” from the outset.
2. Purchase Energy Star Appliances Such as Your TV, Dishwasher, Washer and Dryer, and Microwave.
And especially the refrigerator, as it alone contributes about 10 percent of the energy use in a home. Also, unplug electronics not in use or turn off power strips to avoid phantom charges.
3. Install Efficient Lighting Such as Compact Flourescent (CLF) or LED Bulbs in Every Fixture.
Lighting accounts for about 6 percent of an energy bill each year.
4. Get an Energy Audit and Have Tests Performed to Identify Ways of Improving Your Efficiency.
You can always upgrade your heating, ventilation, and air conditioning (HVAC) system as well as your thermal envelope, which includes insulation, windows, and doors and the seals or weather stripping around them. Visit energy.gov/energytips for more tips.