Southern Village is filled with Renovation Opportunities

Southern Village is a planned community located in Chapel Hill, North Carolina.  It is known for its picturesque streetscapes, parks, and community events. Southern Village was started in the early 1990s. The first phase of the community’s development began in 1994 and the community has continued to grow and expand since then. The development of Southern Village was a collaborative effort between the developers, the town of Chapel Hill, and local residents. The community was designed to be walkable, with a mix of residential and commercial spaces, and a focus on creating a sense of community and belonging among its residents. Here are a few benefits to living in Southern Village:

1. Housing: Southern Village has a range of housing options, including apartments, townhouses, and single-family homes. The homes are designed in traditional Southern architecture styles and the community has a mix of affordable and upscale housing options.

2. Amenities: Southern Village has several amenities, including a shopping center with a grocery store, restaurants, coffee shops, and a movie theater. There are also several parks and playgrounds, a community garden, and a pool and clubhouse available for residents.

3. Education: The community is served by the Chapel Hill-Carrboro City Schools, which are highly rated. Southern Village Elementary School is located within the community and other nearby schools include Culbreth Middle School and Carrboro High School.

4. Transportation: Southern Village is located near several major highways and interstates, making it easy to travel to other parts of the state. The community also has a free shuttle service that runs to downtown Chapel Hill and the University of North Carolina campus.

5. Community events: Southern Village is known for its community events, which include a farmers’ market, outdoor movies, concerts, and festivals. These events provide opportunities for residents to socialize and get to know their neighbors.

 It’s time for a refresh!

 The charm of Southern Village comes from traditional and craftsman styled houses that are intentionally tucked in serene wooded landscaping as the streets gently wind up and down Chapel Hill’s dynamic topography.  Being that the community is nearly 30 years old, a lot has changed in the way of consumer preference and style.  For many of the homes a simple face lift or some structural maintenance is needed.  For others, whole home renovations make a lot of sense given the strong resell value this neighborhood has.  

Renovating a home in a neighborhood with good resale value can be a wise investment, as it has the potential to increase your home’s equity and overall value. Here are a few reasons why:

1. Increased home value: Renovating your home can increase its value and appeal to potential buyers, which can increase its resale value. In a neighborhood with high resale value, this can lead to a greater return on your investment and a higher profit when you eventually sell your home.

2. Competitive advantage: A home renovation can make your property stand out in a neighborhood with high resale value, giving you a competitive advantage when it comes time to sell. Updated features, modern design elements, and energy-efficient upgrades can be especially appealing to potential buyers.

3. Maintenance and repair: Renovating your home can also help prevent future maintenance and repair issues, which can be costly and time-consuming. Keeping your home in good condition can help maintain its value over time and make it more attractive to buyers when you decide to sell.

4. Lifestyle improvements: Renovating your home can also improve your daily living experience, making your home more functional, comfortable, and enjoyable. This can be especially important if you plan to stay in your home for several years before selling.

 Like most well planned commenties, Southern Village has an architectural review board with covenants that protect the overall aesthetic and quality of the neighborhood.  It’s important for homeowners and contractors to be aware of these bylaws and to obtain the necessary approvals and permits before beginning any construction or modification project in Southern Village. This can help ensure a smooth and successful construction process and help maintain the community’s overall quality and aesthetic standards.  Here is a link to the Southern Village ADR website.  

1. https://www.southernvillage.org/arb/

    

For more information on how BOLD can help you realize lifestyle goals, reach out at info@boldnc.com