Livin’ Large and Downsizing
Tennessee has not only become a place to visit, but a place to call home. Tennessee tourism is booming, and as a result, so is the real estate market. On average, 85 people a day are moving to Tennessee and calling it home. In particular, Middle Tennessee and Nashville are exploding.
Why? That’s easy to answer if you have recently visited Middle Tennessee and Nashville. Wonderful music? Of course, but don’t be so fast to label Nashville as just a “honky tonk town.” Nashville has evolved and emerged as a trendsetter of the South as it showcases its southern sophistication while maintaining its historical identity.
Middle Tennessee’s housing growth is being accelerated by 55+ homebuyers. Over one-third of new homes anticipated to be built in Middle Tennessee over the next several years are a direct result of people that are 55+ relocating to the area. The biggest reason early retirees are relocating is the desire to have milder summers and winters. Middle Tennessee is known for the great luxury of having four distinct seasons, none of which are too harsh.
Why else? To be closer to their families, of course! Nashville and Middle Tennessee have become desired destinations for young families as they are looking to further their careers and settle down to raise their family. Subsequently, regional planners anticipate another one million people to move to Middle Tennessee over the next 20 years!
Additional incentives include Nashville’s internationally renowned hospitals and treatment centers. Tennessee also boasts as one of the few states that does not have a state income tax or pension tax. Middle Tennessee housing costs are incredibly competitive.
It is difficult to put a value on many features Middle Tennessee offers. Visitors often marvel at how welcomed they feel when traveling to and exploring the Middle Tennessee area. Southern hospitality won’t cost you anything and is more than a slogan – It’s a way of life!
Middle Tennessee not only offers an array of cultural experiences, but hosts professional sporting events, sellout concerts, and exquisite fine dining that is sure to compete with any major city across the U.S.
Whether you are ready for retirement, recently divorced, or are simply looking for a fresh start, there is never a wrong time or a wrong reason to downsize. Your current home may require more maintenance than you would like, perhaps a pool you seldom use or a lot that takes more time to mow than to enjoy. The way you feel in your home should be the way you feel on vacation- relaxed, at peace, and low maintenance! Downsizing in Middle Tennessee will certainly not disappointment.
And remember, there’s a reason you often hear, “No one retires and moves up North.” It’s because it’s true!
Having a smaller mortgage payment, along with interest rates at an all-time low, are two huge factors in downsizing your home. In most cases, your mortgage payment is going to be the largest bill that you have every month. Therefore, finding a way to lower your payment could provide you with a lot of financial flexibility every month. Give us a call today! – Kevin Long, CMG Financial
For real estate advice call Kari Powell Luxury Home Marketing Specialist
Cell – 615.579.5784 | Office – 615.822.8585
Certified Negotiation Expert Keller Williams Luxury Division
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