Expanding Our Retirement Living Options
Mrs. ToughMoneyLove and I returned this evening from a weekend visit to a new community being developed on the Cumberland Plateau in Tennessee. Although not explicitly marketed as a retirement community, clearly the target buyers are retirees and retirement-hopeful baby boomers. We discovered while on a trail ride that some folks we know are building a house and plan on retiring there this winter.
So we placed a deposit on a condo in a low rise building that hasn’t come out of the ground yet. When construction is finished next spring, we will spend time there enjoying the environment and exploring the condominium lifestyle for possible future retirement. For much of the time over the next few years the developer will use the condo to house overnight visitors who are looking at purchasing property, guaranteeing us a steady rental income. A good deal all the way around. I plan on writing more about this community and our visit there on my Go To Retirement blog, so take a peak over there this week if that is a topic of interest to you.
If you have any experience with condominium living or insulated concrete form construction (which these condos will use), I would appreciate your feedback in the comments section.