Costello Real Estate & Investments Blog | Costello REI

Charlotte Receives the Gateways for Growth Award

The New American Economy (NAE) recently selected Charlotte to receive the very prestigious "Gateways for Growth" award. This award is given to cities with specific qualities and Charlotte is one of the 14 cities receiving the award.

In order to receive this award from the NAE, a city must show a wide range of resources for developing strategies for the following:

  • Integration of immigrants
  • Promoting the inclusion of all residents
  • Fostering economic growth

The cities receiving the awards will also be given technical assistance, matching grants and research grants from the NAE and Welcoming America. The grants will help to support the city's welcoming strategies. In addition, the Gateways for Growth helps to serve as a network for local communities to help each other with their strategies.

Cities Receiving the Gateways for Growth Award

Along with Charlotte, NC, the following cities will be receiving this award:

  • Bowling Green, Kentucky
  • Cedar Rapids, Iowa
  • Flint, Michigan
  • Grand Rapids, Michigan
  • Lexington, Kentucky
  • Lowell, Massachusetts
  • Memphis, Tennessee
  • Northern Kentucky
  • Roanoke, Virginia
  • San Antonio, Texas
  • Toledo-Lucas County, Ohio
  • Wayne County, Michigan

Cities will gain plenty of benefits and resources from this award. Some of the resources given to these cities will include:

Planning grants from Welcoming America and the NAE

Research reports from the NAE customized for each city based on economic and demographic contributions from immigrants in the communities

Technical assistance from Welcoming America and the NAE in each city to ensure the city can draft, execute,...

Interest Rates Hit a New 12 Month Low!

Interest Rates Hit New 12 Month Low!

Interest Rates Hit New 12 Month Low! | MyKCM

According to Freddie Mac’s Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at their lowest for 2019. Rates like these haven’t been seen since February 2018!

Last week’s survey results reported an interest rate of 4.35%. This is a welcome change from the near 5% rates seen in mid-November. At 4.32%, the second week of February 2018 was the last time rates were this low. This can be seen in the chart below.

Interest Rates Hit New 12 Month Low! | MyKCM

Freddie Mac’s Chief Economist, Sam Khater, had this to say:

“Mortgage rates fell for the third consecutive week, continuing the general downward trend that began late last year.

Wages are growing on par with home prices for the first time in years, and with more inventory available, spring home sales should help the market begin to recover from the malaise of the last few months.”

Bottom Line

If you plan on buying a home this spring, meet with a local real estate professional who can help prepare you for today’s market before rates increase!

 

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A Closer Look at The Charlotte Country Club

With the golf season just around the corner in Charlotte, it may be time to consider your options when it comes to joining a country club. While the Charlotte Country Club is the most respected and hardest of the country clubs in the area to get into, maybe this year is your year.

Even if you don't get into this club, you can at least get your name on the waiting list.

How it All Started

The Charlotte Country Club wasn't always known by that name. It was started as The Mecklenburg Club and was the first club found to the west of the city. When it first opened, the activities only included fishing, boating, picnics, and card games.

The name of the club was established in 1910 as the Mecklenburg Country Club. However, it was changed in 1917 to the Charlotte Country Club. At the time of the club's establishment, golf was just beginning in the United States. In fact, in 1910, there wasn't a single golf course within 50 miles of the city.

When the club first opened, it included a red brick house, which was remodeled and enlarged to become the clubhouse. A new clubhouse was completed in 1931 and held a gala opening event with more than 1,000 members in attendance. In 1989, this same clubhouse was remodeled and additions were made to make it even better. Another grand opening event was held with an open house and a formal dinner dance.

The first nine holes of the golf course were established, along with tennis courts, but the second nine wasn't completed until 1915. The original course was designed by Donald Ross and later renovated by Robert Trent Jones, Sr., Tyler Rae, and Ron Prichard.

The original golf course measured 6,226 yards, which was very long for the time....

Take a Mountain Day Trip from Charlotte Year-Round

Do you love the mountains? Are you thinking about relocating to Charlotte or do you already live in the Queen City? You can take a mountain day trip from Charlotte any time of the year. Here's a look at a few of the best options.

Hendersonville

The right time of the year for a day trip from Charlotte to Hendersonville is during the NC Apple Festival. This event offers plenty of fun and it's one of the best in the area. Hendersonville is known as the apple capital of North Carolina and even if you don't come during festival time, there are plenty of places for apple picking.

You can also enjoy the Downtown Hendersonville area and the fall season will provide plenty of hayrides, pumpkins and so much more. This small mountain town is less than two hours from Charlotte and has plenty to offer for a great mountain day trip.

Asheville

Of course, you cannot go wrong with a day trip to Asheville. The only issue you might find is that you may want to stay for a week instead of just the day. If you live in Charlotte, however, you can visit Asheville often as it's just two hours from the Queen City.

When you arrive in Asheville, you will want to enjoy plenty of scenic views. You will also want to eat at one of the fine restaurants here and you may even want to relax at the Grove Park Inn spa. The area is filled with great hiking and incredible art galleries. It's also known for the Biltmore Estate. There's so much to do here you'll likely want to come back over and over again.

Linville

A wonderful little mountain town, Linville offers the incredible Linville Gorge. This is one of only two wilderness gorges in the entire country. It's found right inside the Pisgah National Forest and offers...

Top 10 New Charlotte Restaurants for 2019

Charlotte Magazine spends plenty of time each year creating buzz around new restaurants, new chefs, and fun new food trends. They actual visit many of the restaurants and they only rank locally-owned choices. With that in mind, here's a look at the top 10 new Charlotte restaurants for 2019, in no particular order.

YUME

The menu is filled with unique options at YUME, but the flower-shaped Sakura sushi roll may be the dish they are most known for. They also offer a Sora box sushi, which is square-shaped and they provide unique ramen dishes, too. Whether you're vegan, vegetarian, or a meat-eater, you'll find something great on the menu to enjoy.

Along with the great food at YUME, diners also enjoy more than just standard domestic beers on the drink menu. They offer a Japanese lager and plenty of great cocktails to try. The restaurant is found at 1508 Mint Street in Suite A.

The Waterman

A new oyster bar found in the South End neighborhood, The Waterman offers lobster rolls, oysters four ways, fried fish sandwiches, and more. The appetizers are excellent and the dinners are even better. They also have a rooftop terrace perfect for the sunset.

If you're looking for a great view of Uptown Charlotte, head to the rooftop for a cocktail. The Waterman is found at 2729 South Boulevard.

Zeppelin

While Zeppelin is best-known for the incredible cocktails, this isn't a place to overlook the food menu. They offer some unique options, such as the Notorious...

Great Neighborhoods Found in Mooresville, NC

So, you've decided to move to Mooresville, NC. You'll be close to Charlotte and in a great location for enjoying plenty of fun. However, your decision-making isn't over yet. You still need to choose the right neighborhood in Mooresville, NC and find a top-notch real estate agent to help you.

Mooresville offers plenty of excellent neighborhoods and they are all a bit different. Here's a look at some of the best neighborhoods found throughout Mooresville, NC.

Bay Crossing

A waterfront neighborhood offering custom homes on larger lots, Bay Crossing provides many waterfront homes to choose from. It's a great choice for those seeking a smaller luxury community as homes can go for more than $1 million here. There are more affordable options under $500K, as well.

The Reserve at Langtree Plantation

A low-maintenance community offering excellent convenience to shopping, dining, and entertainment, The Reserve at Langtree Plantation provides high-end homes priced above $500K. This neighborhood is found in the Lake Norman area.

Beech Tree Bay

A luxury waterfront neighborhood in Mooresville, Beech Tree Bay offers homes priced from $700K and up. IT's a smaller community with just a handful of lots and waterfront homes. The community is very convenient to the nearby public schools, along with the shopping within the area.

Watertree Landing

Offering homes ranging from about $400K to $800K, Watertree Landing is a water view neighborhood in the Lake Norman area. It's a community with wooded lots of about a half-acre or more and some offer partial water views. The community also offers amenities including a swimming pool and clubhouse.

Woodleaf

A wooded community with homes ranging from about 2,800 to 5,500 square feet in size,...

Costello Real Estate And Investments Opens New Office In Fort Mill, SC

CHARLOTTE, N.C., Feb. 11, 2019 -- Costello Real Estate And Investments (REI) continues to grow with the opening of a third office in Fort Mill, South Carolina.  Costello REI is headquartered in the South End area of Charlotte with additional locations in Raleigh, North Carolina, and newly opened Fort Mill, SC.

Enjoying a Romantic Staycation in Charlotte

Valentine's Day always sparks a bit of romance, but you don't have to wait for a specific day of the year to spark romance in your relationship. If things have gotten a bit stale or you just want to connect with your partner on a deeper level, a Charlotte staycation may be just what you need.

The Queen City is filled with wonderful options for a romantic staycation for Valentine's Day, an anniversary or just for a random weekend away from ordinary life. Here are a few of the best ways to enjoy a romantic staycation in Charlotte.

Romantic Bed and Breakfast Options

If you want to enjoy a cozy spot with plenty of history and plenty to do nearby, the Morehead Inn is the right choice. This B&B offers history in the Dilworth neighborhood and plenty of things to do nearby. It was built in 1917 and offers an elegant choice with plenty of luxuries found throughout.

The breakfast is offered every morning and includes plenty of Southern favorites. You can also add a romance package with fresh flowers, chocolate covered strawberries, and Champagne.

The Morehead Inn is located close to some of the best choices for a romantic dinner, too. Enjoy a night out at 300 East, The Fig Tree Restaurant or Cajun Queen. You can also enjoy a relaxing day at the Re Salon and Med Spa. Those looking for even more romance will love the Dilworth Tasting Room, ...

Best Charlotte Date Night Ideas for Romance

Valentine's Day isn't the only day of the year for romance. While you should certainly plan something special for February 14th, Charlotte offers plenty of great date night ideas to spark romance any time of the year. Let's look at a few of the very best ways you can find romance in the Queen City.

Romantic Dinner Out

Maybe you want to keep things simple and just go out for a romantic dinner. Charlotte offers some of the most amazing restaurants and a few of them are perfect for romance.

When you want to go out for an incredible meal and you want to spark romance, you should head to the McNinch House Restaurant. This restaurant is found in a historic home and it was voted as the most romantic restaurant in Charlotte.

Along with the McNinch House, you can also find romance at:

All of these restaurants offer a great choice for a romantic dinner for two.

Take in a Show

Maybe your idea of a romantic date is a Broadway show or an Opera. Charlotte offers plenty of theater options with the Booth Playhouse, ...

Are You Ready for Living in an Active Adult Community?

Over the past few decades, active adult communities have become a very popular option for "empty-nesters". These communities are also known as 55+ adult communities and they cater to those ages 55 and older.

An active adult community offers a great way for retirees to live or those without kids living at home anymore. Compared to a traditional senior living community, an active adult community offers amenities, activities, events, and more.

In addition to the many things to do, this type of community often offers health care facilities nearby, low-maintenance homes, and plenty of services to make life easier and more enjoyable.

If you're considering moving to an active adult community, it's important to know if you're ready. Here are a few pros and cons of living in this type of community to consider first.

Pros of Living in an Active Adult Community

When you decide you might want to live in an active adult community, it's important to consider why. Some of the benefits of this type of living might be exactly why you decide to live in an active adult community. Let's look at a few of the pros before we get into the cons.

Social Environment

Living in a 55+ adult community gives you access to plenty of social events and opportunities to make friends. This type of community offers all types of events and activities you can enjoy with your new friends, as well. You've spent several years working very hard and now you can relax and enjoy retirement with others that have done the same.

Amenities, Activities, & Events

An active adult community is built around an incredible amenities package, tons of activities and plenty of regular events. Often, these communities include...