September 2015

Found 5 blog entries for September 2015.

So often the Kris Lindahl Team hears that the biggest obstacle standing in the way of homeownership is the large chunk of money needed for a down payment. The City of Bloomington, however, has a way to help tenants save and become homeowners.

It’s called the Rental Homes for Future Homebuyers Program and it just may be your ticket out of the rental rat race.

How it works

The Bloomington Housing and Redevelopment Authority (HRA) offers future homeowners a chance to rent one of 21 single-family homes in the city. Then, HRA takes part of your rent every month and sets it aside to build a down payment for homeownership.

Who qualifies?

Qualifying for the program depends on family size and income.

  • Families must have between three and
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I truly pity the homebuyer who wants to buy a home in Bloomington. Our inventory here just gets smaller and smaller. We’re hoping that will change, or at least the slowdown of the summer buying season will help these buyers face less competition and finally find their Bloomington dream home.

Let’s take a look at a breakdown of the latest Bloomington real estate market statistics so you can get an idea of what’s been happening.

The Bloomington Market Overall

The most significant change, at least on a year-to-year basis is that stubborn inventory of available homes. It starts with fewer Bloomington homeowners listing their homes for sale. That number decreased nearly 4 percent from this time last year. On a month-to-month basis we also saw a

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For Bloomington residents who are considering buying a brand-new home, the semi-annual Parade of Homes tours are ideal for finding out the latest home-building and decorating trends. The fall event is kicked off over the weekend and it runs through October 4.

The fall tour features 390 homes, price from $184,900 to $3,750,000. Two of the homes are located in Bloomington.

Single-Story Rambler

Live the high life atop the Minnesota River Conservation Area in this gorgeous 3-bedroom, 4-bathroom home with 3,474 square feet of living space. If an open floor plan gets your pulse pounding, this may be one to view on the tour.

The home also features an office, a rec room, exercise room, game room and bar, a stunning gourmet kitchen with custom

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 There’s nothing wrong with wanting to perform home improvement projects before you put your Bloomington home on the market. In fact, some fixes should be mandatory. When you’re considering major renovations, however, you need to be careful that you don’t over-improve the home for the neighborhood.

Getting Started

Before you hire anyone or hammer one nail, get in touch with us so we can calculate your home’s current market value. In the process, we’ll learn what neighboring homes are worth; important information when you are considering renovation projects.

Appraisers have a lot of tools in their evaluation tool belt and two of them are the principles of progression and regression. The latter says that a larger home or more updated home,

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September’s Bloomington School of the Month, Indian Mounds Elementary School, serves 386 students in grades K through 5. With 27 full-time teachers, there is one teacher for every 14 students.

Special Programs

Indian Mounds offers a number of extracurricular activities to students, including clubs and after school programs. Indian Mounds also offers a robust gifted and talented program. Other programs and activities include:

  • Eagle Academy
  • Early Learners Academy
  • EL (English Language Program)
  • Homework Connection
  • Kids' Safari
  • PBIS (Positive Behavior Intervention and Supports)
  • Reading and Math Intervention

Indian Mounds Ratings and Test Scores

Parents rave about the staff at Indian Mounds, saying

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