Real Estate for Seniors

The type of homes we want will inevitably change as we get older. While we may not be ready for the rocking chair, most of us become less interested in having to climb stairs or doing a lot of yard work or exterior maintenance on our homes. Many also enjoy the community experience of living near others in the same age group. In many ways, a new home can be an exciting new chapter in our lives.

According to the 2010 census, there are 183,000 people living in Williamson County, Tennessee. 25% are age 45 to 64; 8% are 65 and older. That’s roughly 60,000 people in the county who may be looking toward a new home. Developers are seeing the potential in this largely untapped market and responding with senior friendly neighborhoods.

1. Reid Hill Commons is a fairly new development that is specifically designed for age 55 and up. These are attractive units with around 1,500 to 2,000 square feet, 2 bedrooms and 2 bathrooms. The prices range is in the mid $200,000s, with $155 a month in association fees that covers exterior maintenance and landscaping. They all have open floor plans with wide halls and wheelchair accessibility. Located off Highway 96 West, it’s a short (mile and half) drive to downtown Franklin.

2. Hardison Hills is not exclusively for seniors, but many units are on a single level, making them a popular choice with seniors. Most have two bedrooms, two bathrooms, and approximately 1150 square feet. These units go for around $150,000; association fees are based on square footage, but are currently under $100 a month. This association fee covers exterior maintenance and landscaping, as well as a community swimming pool and tennis courts. Hardison Hills is near Reid Hill on Downs Blvd. in Franklin.

3. Parkside at Aspen Grove is another fairly new development in Franklin. While it’s not for seniors (and all ages live here), I included Parkside because they are single level units and have elevators from the underground garages, making it easy on the knees. The units typically go for around $200,000. They have $225 association fees, which covers all exterior maintenance, pool and tennis courts. This is a gated community in the heart of Cool Springs.

4. Morningside has been a popular senior community in Cool Springs since 1998. At around $200,000 to $300,000, there are a variety of floor plans to choose from. For under $100 a month in association fees, you receive exterior and landscape maintenance, including a small scenic lake. For additional fees, there is also 24 hour assistance available to help residents with daily tasks.

5. Fieldstone Farms is a large development in Franklin, just off Hillsboro Road. With lots of homes and condos, Fieldstone caters to every type of person at every phase of life. However, many of these homes are on one level or, at least, have a master bedroom on the first floor. Association fees vary from $45 to $90, depending on whether you want access to the pool. Everyone is responsible for their smallish lots, and everyone has access to well-maintained walking trails and a playground. With a grocery store and a pharmacy right across the street, along with a couple of restaurants, there is an ease and convenience to living here.

Of course, this is not a complete list of possibilities. There are many other homes in Franklin at every price level, as well as Brentwood TN condos that could perfectly fit the next stage in your life. If you’d like to discuss or look for a home that matches your lifestyle, feel free to contact me at 615-545-8611, jeff@jefffulmer.com, or at my website, www.jefffulmer.com