The Ole South Blog

Blog Category - New Homes for the First-Time Buyer

Model Home Spotlight- Old Hickory Commons

Categories: Nashville Area Information, Nashville New Homes, New Homes For Growing Families, New Homes for the First-Time Buyer, New Homes for those downsizing, Ole South Neighborhoods | Posted: April 28, 2015

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Nestled in the outskirts of downtown Nashville, our Old Hickory Commons community has the best mix of suburban flair and city life. From granite kitchen counters to electric range and refrigerator upgrades, these town homes are the perfect spot to call home. Turn-of-the-century styling in the craftsman tradition    is what makes Old Hickory Commons a unique, desirable place to call home.

Here are a few reasons why you should take a look at settling down here:

Price

Starting at $119,900, our two bedroom homes integrate style with convenience. With the growing nature of the Nashville market, you may find it difficult to find a better price with the influx of people moving into town. Why rent when you can own for less?

Location

While living in the downtown area is great, it is unreasonable for most. With easy access to I-24, the International Airport and surrounding areas such as Brentwood, Murfreesboro and Smyrna, Old Hickory Commons has the most convenient location to meet all your needs. Go on a shopping trip at the nearby Marketplace at Providence or take out your fishing poles and head to Percy Priest Lake. You won’t find a more perfect location to access everything that Nashville has to offer.

Amentities

What’s the most important thing when buying a new home? Well…the home itself of course. Here are just a few of the features available in our properties.

  • Hardwood Entry
  • Stain resistant carpeting
  • Vaulted or trey ceilings per plan
  • 6-panel fiberglass front door
  • Custom cabinetry
  • Laminate countertops
  • Appliance package, including electric range, dishwasher, refrigerator with ice maker, and built-in microwave
  • Engineered roof truss system
  • 5 – year limited warranty

Ready to take a look at our model home in person? Call us anytime at 615-219-5644 to make an appointment or take a look at more information here!

 

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Home Purchasing Power Hangs in the Balance

Categories: Interest Rates and Financial Information, New Homes for the First-Time Buyer, Time to Buy | Posted: September 3, 2013

HomeMoneyThe past year has brought incredible opportunities to those wishing to purchase a new home! And those that did purchase are happy that average US Home Prices have increased over 12.1% – from June 2012 to June 2013.

Middle Tennessee is no exception to rising home values.  But those that have not purchased a new home do not need to feel like the train has left the station!

Miss The Train

NOW is still a great time to purchase a new home in Middle Tennessee, but continuing to wait is certain to cost you a bit more.  Let’s do the math!

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Let’s say that you have determined a $1,400 monthly home payment meets your needs.  This figure includes principal, interest, property taxes, insurance, and mortgage insurance premium.

At current interest rates on a FHA Loan, that $1,400 monthly payment will allow you to purchase a $200,000 home in Middle Tennessee.  (If you use the THDA Great Start Program for first time buyers, the State of Tennessee will even pay your required 3.5% down payment!)

This would be the payment scenario of you purchase today.  But, things change.  Costs can increase.  Interest Rates can go up.

HomeAndInterestRate

Let’s assume interest rates go up 1% over the next year.  You still cannot go over $1,400 for a monthly payment.  You are now looking at $185,000 homes instead of $200,000.

Now, let’s assume that home prices continue to rise at the same rate as the past year, 12.1%.  The $200,000 home you can buy now would be approximately $224,000 by waiting, over $160 per month more if interest rates stay the same!

Let’s go one step further and assume both happen – prices rise 12.1% AND interest rates rise by 1%.  The monthly payment on the $200,000 home that meets your needs TODAY could be $1,700 per month if you continue to wait.

BUT DON’T BE SCARED…..

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There is never a bad time to purchase a new home that you can afford.  However, certain times are better than others.  NOW is one of those times!

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You will find new Ole South homes all over Middle Tennessee in Nashville, Murfreesboro, Smyrna, Spring Hill, Gallatin, and Clarksville.  Visit www.olesouth.com to learn more!

 

 

 

What will YOU do when YOUR rent goes up?

Categories: Clarksville New Homes, Gallatin Sumner County New Homes, Nashville New Homes, New Homes for the First-Time Buyer, Ole South Neighborhoods, Spring Hill TN New Homes, TN New Homes, Williamson County TN New Homes | Posted: August 7, 2013

The secret is out…. Middle Tennessee is the place to be!

Middle Tennessee is the place to be!

Middle Tennessee is the place to be!

 

We’ve all known this for years and now the world is catching on.  Businesses from all over the nation and the world are relocating to Middle Tennessee to take advantage of some of the lowest energy costs and business taxes in the nation.

People from all over the world are moving here to take advantage of our great quality of life.  They all have to live somewhere!

People from all over the world are moving to the Greater Nashville area!

People from all over the world are moving to the Greater Nashville area!

 

Since 2010, rental occupancies have been rising in the Middle Tennessee area – and so have rental rates.  Average rent in the Nashville MSA has risen approximately 21% over that period!  And they continue to rise…..

Rental Rates continue to rise in the Greater Nashville area.

Rental Rates continue to rise in the Greater Nashville area.

But wait!  You really do have a choice!

You do have a choice!

You do have a choice!

You can still rent your home and continue to pay for someone else’s property….

Rent - to pay for someone else's property.

Rent – to pay for someone else’s property.

OR…. you can pay for your own property by purchasing a brand new home from Tennessee’s leading home builder, Ole South.com!

Getting the keys to your new Ole South home is easy and fun!

Getting the keys to your new Ole South home is easy and fun!

 

The time to explore purchasing a new Ole South home is NOW!  If you haven’t owned a home in the past three years, you can even purchase a new Ole South home with as little as $500 total cash out of pocket and have a fixed interest rate of 4.2% using THDA’s Great Start Home Buyer Program!  (for more information visit www.thda.org.)

We have new homes all over middle Tennessee to explore!  Choose from Nashville, Murfreesboro, Smyrna, Spring Hill, Gallatin, and Clarksville!

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We know your time is valuable and if you have questions, you want answers NOW!

Get New Home information NOW at 615.219.5644

Get New Home information NOW at 615.219.5644

Learning more about Ole South and the homes we have available is easy!  Simply call 615.219.5644 anytime, or inquire online at www.olesouth.com.

Just one visit to our neighborhoods and you will know first hand why thousands of Tennesseans are proud to say:

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It’s Going on in Gallatin!

Categories: Gallatin Sumner County New Homes, Nashville New Homes, New Homes For Growing Families, New Homes for the First-Time Buyer, New Homes for those downsizing, Ole South Neighborhoods | Posted: May 6, 2013

If you are looking for the best new home values in Sumner County, you will not want to miss out on viewing the new homes that Ole South has to offer in Gallatin!

On Tuesday, May 7th from 4:00 – 7:00 pm, area Realtors will be introduced to our newest model home in Gallatin’s Stratford Park neighborhood, on Long Hollow Pike near Vietnam Veterans Parkway.  All Realtors are invited and encouraged to attend!  Food, drink, and prizes will be on hand to celebrate!

Stratford Park Model 001

Stratford Park features a variety of homes starting in the 170’s, and include three-sides brick.  There is also a neighborhood pool.  Coming soon will be The Villas at Stratford Park, a collection of maintenance-free townhomes for those with no time, or desire to perform yard work!

Our model home at Stratford Park is also our sales headquarters for all of our offerings in Sumner County.

Less than one mile away on Long Hollow Pike is the upscale neighborhood of Fairway Farms, adjacent to Long Hollow Golf Course.  Fairway Farms also features a neighborhood club house and pool, with all brick homes starting in the 250’s!  Four and Five bedroom plans with 2 & 3-car garages are also available.

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Also served from our Stratford Park model home is the excitement of nearby Albion Downs, with brand new traditional homes from the 140’s!  Very few purchase opportunities remain in this convenient location.

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Want to know more?  Visit Wanda Comer at our model home in Stratford Park is open daily and anytime by appointment.

Feel free to call our information hotline anytime at  615.219.5644 or email sales@olesouth.com.

Visit Ole South in Gallatin and discover why thousands of Tennessee families are proud to say:

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For additional information on all of the new home neighborhoods offered by Ole South, visit www.OleSouth.com.

New Homes for the New Year!

Categories: Interest Rates and Financial Information, Nashville New Homes, New Homes For Growing Families, New Homes for the First-Time Buyer, New Homes for those downsizing, New Homes For Veterans, Ole South Neighborhoods, Time to Buy | Posted: January 2, 2013

Thanks to many savvy Tennessee homebuyers, Ole South showed a 22.34% increase in 2012 closed sales over 2011! That means 356 new homebuyers joined the growing list of satisfied Ole South home owners all over Middle Tennessee!

increase-sales

We start off 2013 with over 150 available inventory homes under construction.

2013

And we have brand new homes for most very need:

New Homes for the First-Time Buyer – You’ll find brand new homes all over middle Tennessee built just for you. Why pay rent any longer with today’s interest rates and programs for first-time buyers?

New homes for Growing Families – you will find Ole South neighborhoods in many desirable locations throughout middle Tennessee, and there is certain to be a floor plan to meet the needs of your growing family.

New Homes for those Downsizing – you don’t have to compromise when you downsize! Our award winning floor plans can maximize your space, while offering you a simpler life style.

New Homes for Veterans – you can have it all, and more in your brand new Ole South home. Our preferred lenders offer zero-down financing, and other attractive programs for Veterans.

WE HAVE A BRAND NEW HOME JUST FOR YOU! Call our Online Sales Specialist at 615.219.5644 for information anytime, or visit our website

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Even More Affordable Brand New Homes in Nashville!

Categories: Nashville New Homes, New Homes For Growing Families, New Homes for the First-Time Buyer, New Homes for those downsizing | Posted: November 15, 2012

Ole South has always been recognized for providing the very best new home values all over Middle Tennessee.  Whether you choose Nashville, Murfreesboro, Smyrna, Spring Hill, Gallatin or Clarksville, you can always count on us for having the best new home values available!

Let’s look at the most affordable new homes in Nashville:

Last year, we introduced Spencer Hill.  This neighborhood offered new homes at prices you could not believe.  The neighborhood is now sold out and over 50 families have realized the dream of owning their own home.

Not long before Spencer Hill, we purchased the remaining home sites in Old Hickory Hills, in the Cane Ridge area of Nashville.  We have sold everything we could build there as well.

We are always searching for opportunities to offer new homes to more people.

Just last week, we were able to secure 27 homesites in Cane Ridge Farms, off of Old Hickory Blvd in the Cane Ridge area.  Brand new homes with 2-car garages and all kitchen appliances? YES!

 

We’re also offering the best value ALL-BRICK homes in Davidson County also at Apple Valley, also located in the Cane Ridge area.  An ALL-BRICK 4 bedroom home from the 170’s with all appliances and all closing costs paid?  YES again!

Meanwhile, we continue to build a variety of new homes in our very own neighborhoods of Preserve at Old Hickory and Rivendell Woods of Cane Ridge!

We truly have a new home for everyone in Nashville, Davidson County.  For information, please call 615.219.5644 anytime!

Discover why thousands of Tennesseans are proud to say:

 

 

 

 

 

The Ole South Blog: Tennessee’s Best

Categories: New Homes For Growing Families, New Homes for the First-Time Buyer, New Homes for those downsizing | Posted: October 11, 2012

The 2012 Governor’s Housing Summit, organized and conducted by the great staff of THDA, was held October 9 & 10 at the Music City Sheraton.  Attending the conference were Realtors, Lenders, Home Builders, Housing Agencies, local and non-profit, along with a host of other industry support professionals from all over the Great State of Tennessee.

The closing event of the summit was a great lunch, followed by the presentation of the “Tennessee’s Best” awards.

Ole South is honored to be the recipient of THDA’s “Top Builder” Award for 2012!  We also appreciate being nominated for an urban acheivement award for our efforts in providing quality, affordable housing in Metropolitan Nashville Davidson County.

 

Affordable housing means many things to a lot of different people.  At Ole South, it means providing you with the very best value for every new home dollar that you spend!

Since 1986 we have been committed to providing the very best new home values to every home buyer.  Whether it is your first home, a larger home to accomodate your growing family, or a down-sized home offering a simpler lifestyle, Ole South is here to provide the new home to meet your needs.

From the low 100’s to the 400’s in neighborhoods all across Middle Tennessee, Ole South truly offers a new home for everyone.  Drop by one of our neighborhoods and see first-hand!  In the meantime, visit us online at www.OleSouth.com.

 

 

The Ole South Blog: Even More Great News for First Time Buyers!

Categories: Interest Rates and Financial Information, Nashville New Homes, New Homes for the First-Time Buyer, New Homes For Veterans, Time to Buy | Posted: July 17, 2012

If you are still renting, the great folks at THDA just made owning a new home even more affordable.   A quick refresher:  If you have not owned a principal residence in the past three years, you can be considered a “first-time buyer.”  The State of Tennessee loves “first time buyers’ so much that they will grant the necessary FHA required downpayment to you under THDA’s Great Start downpayment program.

If you are looking to purchase in Maury County, the first time buyer requirement is waived!  We’ve got great neighborhoods there to choose from in Spring Hill….Meadowbrook, Cobblestone, and coming soon Royalton Woods.

That’s right…. THDA will give you 4% to use toward your downpayment or closing cost.  This FHA loan has a fixed interest rate of 4.2% for 30-years.  (Don’t forget, Ole South will pay your closing costs when using First Community Mortgage for your financing needs.)

If you don’t need 4%, but could use some extra help with your downpayment, consider THDA’s Great Advantage Program, where you will receive a grant of 2% of the sales price to use for down-payment or closing costs.

And if you have already saved enough for your 3.5% FHA downpayment, but have other issues relating to debt ratio, consider the THDA Great Rate Program, currently at 3.6% fixed interest rate.

And it gets even better if you are a veteran, or active duty military!  Take any of the above programs and deduct 1/2% from the published rate!  That program is called “Homeownership for the Brave.”

For more information on these, and other great loan programs, please contact Chris Meagher (chris.meagher@fcmhomeloans.com) or David Prince david.prince@fcmhomeloans.com) at First Community Mortgage.   You can call Chris direct at 615.504.5976 or David at 615.351.7908.

New home inventory in Middle Tennessee is declining rapidly, but we at Ole South continue to build more…and we’ve probably got a new home that will meet your every need somewhere in Middle Tennessee.  Visit our website, www.OleSouth.com, for the location nearest you!

See, you still can buy a new home with little to no cash out of pocket.  Instead of buying a home for your landlord, buy one for yourself instead!

 

 

The Ole South Blog: “When a Plan Comes Together”

Categories: Nashville New Homes, New Homes For Growing Families, New Homes for the First-Time Buyer, New Homes for those downsizing, Ole South Neighborhoods | Posted: June 23, 2012

Everyone at Ole South always looks ahead to find ways that we can make our award winning portfolio of home plans even better.  You could say that we’re always in pursuit of building the perfect home.

In our Rivendell Woods of Cane Ridge neighborhood, there is a section of great home sites that back up to wooded areas on both sides of the street.  

Sounds like the perfect setting for your new home, doesn’t it?

The grade of these pristine homesites offered many challenges, and we set out to design the perfect plan to take full advantage of the obstacles that nature had thrown at us.  The result…. a brand new, exciting house plan that is perfect not only for “multi-generational” families, but everyone else too! 

It is now COMPLETE and will welcome it’s new owners next week.

The home features three levels of living areas. 

Enter through the garage level and you will find a large mud room, utility room, and large walk-in storage closet, perfect for hiding from severe storms.  On that same level is a seperate living area with a full bath and private entry from the rear yard.  Use it for a teen or in-law suite.  Use it as a bonus room.  But, you WILL use it!

Just a few steps up into the main living area you will find the open kitchen and great room, featuring soaring ceilings – 12 ft actually!

Take a few more steps to the upper level.  There you will find a huge Owner’s Suite and Glamour Bath, complete with individual vanities, oval soaking tub, and seperate walk-in shower.  Down the opposite hallway, you will find two secondary bedrooms and another full bath.  YEP, a total of three full baths in this home!

We are offering several elevations of this unique floorplan, all of which will have tree-lined back yards, and tiered entertaining decks/patios.  Here, take a look:

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Best of all, Rivendell Woods of Cane Ridge is just minutes away from everything Nashville, Brentwood, and Franklin has to offer.   Call 615.731.1968 today to find out just how affordable your brand new home can be.  Don’t forget, ZERO DOWN financing options are available for qualified first-time buyers and Veterans!

New Homes in Smyrna, TN – “a sneak peek” at our new Model Home in Belmont

Categories: New Homes For Growing Families, New Homes for the First-Time Buyer, New Homes for those downsizing, Ole South Neighborhoods, Smyrna Area Information | Posted: May 30, 2012

In relentless pursuit of the “perfect house,”  Ole South reveals another exciting new home floor plan.  We liked it so much that we built one for our new model home in Smyrna’s Belmont neighborhood.

How do we keep making the best plans even better?  Simple.  by listening to our home buyers and the trends they develop.

Many are asking for a more open kitchen, and they really love islands.. and they love a functioning island even more.  Here you go!

And everyone likes a large Owner’s Suite on the main level:

We also have heard from many families that want large secondary bedrooms as well.  There are two exceptionally large secondary bedrooms upstairs.  Take a look:

Also, everyone likes Bonus Rooms and the bigger they are the better they like it.  This is a bonus room you will LOVE!

Back downstairs on the main level, you will love the 9′ ceilings.  A real wood-burning fireplace option too?  Absolutely!

This particular new home plan is 2185 sf of living area.  We can also extend the garage for added storage, even a 3-car side entry garage on certain home sites!

This exciting plan can be built in most all of our Middle Tennessee neighborhoods in a variety of exterior elevations…. at a price you will not believe!

For a “sneak peek” at the new Belmont model home in Smyrna, give Adam Hall a ring at 615.220.9120.  It is real easy to find.  I-24 East, Exit 70 Almaville Road, South 1 mile to Belmont on the right.

And for those that are asking for more bedrooms, we are still listening!  There is a 4-bedroom version of this same plan in the works right now.

Remember, interest rates are lower than they have ever been.  Why not visit an Ole South new home neighborhood today?

You can start your visit right now at www.OleSouth.com!