5 Most Expensive Homes Sold in June in Frankfort

Out of 51 homes sold in June, these were the 5 most expensive…

5. Springhill Estates: Sold for $366,250       Springhill Estates Frankfort home

4. Two Creeks: Sold for $375,000                   Two Creeks Frankfort Home

3. Heritage: Sold for $382,500                        Heritage Home in Frankfort

2. Rural Area: Sold for $467,000                     Rural home in Frankfort KY

1. Armstrong Crossing: Sold for $625,000   Armstrong Crossing Home Frankfort

*Data researched using Lexington-Bluegrass Association of REALTORS®*

Franklin County June Housing Statistics

It is still a seller’s market in our neck of the woods in Franklin County.  Prices are inflated and even homes that were sitting on the market long are selling now due to the limited inventory and options for buyers.  If you were thinking about selling…now is the time!  Check out my page for sellers […]

The post Franklin County June Housing Statistics appeared first on Cassidy R. Smith.

Manufactured Home v. Modular Home v. Mobile Home

manufactured home

What is the difference between a manufactured home, mobile home and modular home you may ask?  Your question is finally answered here:

The Mobile Home

A mobile home is what you think of when you think of a “trailer park”.  They were constructed prior to 1974 and were not regulated in any way.  In 1974, the National Mobile Home Construction and Safety Act was passed.  According to HUD (U.S. Department of Housing and Urban Development), a factory constructed home built prior to 1976 (June 15 specifically) is considered a mobile home.

The Manufactured Home

In 1976 the HUD Manufactured Home Construction and Safety Standards (or HUD code) was passed.  A factory constructed home built after 1976 (again, June 15 specifically) is considered a manufactured home.  These standards improved the durability, safety and quality of manufactured homes and are federally mandated.  Unlike a modular home, manufactured homes are constructed on a permanent chassis. If you are interested in what regulations they are under, you can click the link here to read the standards.

The Modular Home

Modular homes are under a different set of restrictions and guidelines.  They are built in a temperature controlled climate, like a manufactured or mobile home, but must follow local, state or regional building codes of the final destination of the home.  To clarify, they must follow the same building codes that site-constructed homes are based on.  Modular homes are built in sections, transported to the final destination and put together on site on a permanent foundation.

Financing available can be different for these types of homes.  Depending on your lender, some may offer loans and some may not.  Although financing is available through conventional and government backed loans (VA, USDA, FHA), it is up to your bank/mortgage company on if they will provide the funds.  You can read more here.

The Surprising Effect of Homeownership You Won’t See on HGTV

I saw this article and thought it should be shared!  So many people watch HGTV and think “hey, that’s not heard-I can do it!” Reality TV can be glamorous; yet despite the name, doesn’t usually reflect real life.  Here’s how your life will actually (positively) change after buying a home. 

The post The Surprising Effect of Homeownership You Won’t See on HGTV appeared first on Cassidy R. Smith.