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So far davidaroluxe has created 5 blog entries.

How Nashvillians Feel About Short Term Rentals

As Nashville continues to grow, the city is increasingly becoming a hot spot for tourists, helping boost the economy and hospitality industries, including the rise of more Airbnb’s in Nashville and surrounding areas. There’s been some backlash from residents against these short-term rentals. While the voice of the opposition has been loud, it turns out, it’s not representative of Nashville as a whole. Airbnb recently commissioned a poll conducted by San Francisco-based David Binder Research, gathering responses from 500 voting Nashville residents. Generally, 75 percent of poll respondents supported short-term rentals through Airbnb, and 63 percent said they consider the practice to be good for Nashville. As for a deeper dive of those results, the survey found only eight percent of respondents thought second-home or investment rentals should be completely prohibited, and only 14 percent said they should be “mostly” prohibited with “some exceptions.” In fact, 60 percent of all respondents felt these types of properties should be “mostly” allowed with “some restrictions.” While the local government has put certain limitations in place on these types of properties since the start of the year, the state Senate passed a bill—the “Short Term Rental Unit Act”—that would overturn a Nashville ordinance set to [...]

By |2018-11-14T11:16:06+00:00November 14th, 2018|Agent Blog|0 Comments

The Benefit of Murals in Nashville Neighborhoods

As our city continues to grow, a number of businesses and real estate companies have begun commissioning local artists to create murals as a part of the design of their buildings. For homeowners living in nearby neighborhoods, this art can have a benefit beyond adding beauty to the city. Boosting the Local Economy With Nashville’s status on the rise as a must-visit city, tourism is booming. Music City saw a record 14.5 million visitors in 2017, a 4.6 percent increase over the previous year, and murals are playing a part in drawing that business to specific neighborhoods. According to the Nashville Business Journal, more than 100 tourists visited the Gulch in a single day to photograph the neighborhood’s latest mural, while restaurants in The Nations hosted nightly viewing parties to watch an artist paint a 165-foot-tall mural over the course of 17 days. Instagram further points to the power of murals in drawing tourists, with mural-related hashtags having tens of thousands of posts. The hashtag #ibelieveinnashville has close to 25,000 posts while #whatliftsyou is now at more than 100,000 posts. Murals are Here to Stay With groups like Nashville Walls Project, the addition of this type of street art doesn’t [...]

By |2018-11-07T09:18:10+00:00November 7th, 2018|Agent Blog|0 Comments

Airbnb Plans to Expand, Introduces New Categories

For many Nashville residents, Airbnb has been a hot topic over the past few years, with many homeowners listing part of their property on the popular site and others buying new homes to serve explicitly as short-term rentals. Controversy has ranged from sales tax collection to arguments regarding negative impact on neighborhoods versus overall benefit to the city. Legislation has been passed at the local level and proposed at the state level on both sides. No matter where you stand, Airbnb’s growth isn’t looking to slow any time soon. This year, the company celebrated its tenth anniversary and announced its plans for growth for the next ten years as it seeks to achieve 1 billion guests annually by 2028. With only 300 million guests hosted to date, that’s a pretty significant jump. One of the ways the company plans to get there is with the introduction of new categories. Currently, rentals are sorted into groups by entire home, private room and shared room. The new categories will expand options and make searching easier for the consumer. Airbnb has revealed four new property categories as a part of its initial changes: Vacation homes: Residences dedicated to short term use Unique: Yurts, [...]

By |2018-10-24T11:11:15+00:00October 24th, 2018|Agent Blog|0 Comments

Nashville Ranked as America’s 7th Fastest Growing City

Forbes recently released its list of America’s 25 fastest growing cities, and Nashville once again made the cut, jumping from rank 20 to seven in just one year for the Nashville-Davidson-Murfreesboro-Franklin metropolitan area. The list considers a number of figures including population growth, employment, wages and economic output, and incorporates home price growth as a proxy for wealth. At the top of the list of factors contributing to Nashville’s growth are a 2.24 percent increase in population in 2017—with a projected 2.15 percent increase this year—and a 3.07 percent increase in job growth in 2017—with a 2.05 percent increase anticipated this year. With those new jobs come higher wages, 5.02 percent higher to be exact. This year, Forbes anticipates another 6.2 percent increase. As Music City grows and attracts new talent, those residents need somewhere to live. It’s no surprise home values are also on the rise. In 2017, home prices increased by 10 percent, and Forbes expects another 3.72 percent increase in 2018. Other areas at the top of the list include Boise City, Idaho (1); Seattle, Washington (2); Dallas, Texas (3); Orlando, Florida (4); Fort Worth, Texas (5); and Las Vegas, Nevada (6). You can read the full [...]

By |2018-10-10T12:24:10+00:00October 10th, 2018|Agent Blog|0 Comments

Surban Living and the Future of Millennial Homebuying

Many millennials are beginning to take the step from renting to homeownership. With 50 percent of millennial homeowners moving out of the city and into the suburbs as they hunt for more affordable spaces—according to a recent study by Zillow—developers and builders are looking for ways to attract these new buyers. Millennials are starting to grow their families, and many are finding that traditional city living no longer meets their needs. High rents, lower quality schools, and crime rates have them turning their sights elsewhere. But, still, the traditional view of suburban life is out of the question. Meet the new “Surban” living. A term created by John Burns Real Estate Consulting in Chicago, Surban is defined as a suburban area that has the feel of the city, combining urban energy and walkability with the space and affordability of the suburbs. It perfectly defines what this new generation of homebuyers is looking for. While they want some of the benefits of living outside of the city, they’re not ready to give up the essentials that make city life interesting. Rather than the big box retail and sprawling spaces that the suburbs are known for, new Surban living creates neighborhoods within [...]

By |2018-09-26T10:56:14+00:00September 26th, 2018|Agent Blog|0 Comments