In the market for a luxury home? The Nashville area abounds with gorgeous homes. And if your taste and budget suits a luxury home, there’s plenty of options. So, where should you look? Since Greater Nashville is a large area, you’ll need to identify the type of lifestyle you’re looking for as well as the practical things like commute.
Are you thinking of living lakeside? The Hendersonville area in Sumner County just north of Nashville is home to Old Hickory Lake, and there are lakeside luxury homes and communities that will knock your socks off!
Do you like the convenience and thrill of urban living? If so, you have plenty to choose from in the downtown Nashville area. From luxury lofts to stately homesites, all within minutes of music venues, trendy restaurants, and the Nashville night life.
Looking for a neighborhood with a short commute into the city? With the tremendous growth in the Nashville area, you’ll find that even commuting across town will take some time….especially since public transportation has not really taken off as yet. Brentwood, roughly 15 minutes via Interstate 65 into the heart of Nashville, and Frankin, about 25 minutes away, are attractive to the luxury homebuyer. In these areas, you’ll find excellent schools, larger homesites, neighborhoods with ammenities such as clubhouses, pools, walking trails, and lower taxes. Both Brentwood and Franklin are located in Williamson County where the schools are among the best in the state! Property taxes in Williamson County are the third lowest in the greater Nashville region and significantly lower than Nashville itself.
Is home appreciation an important consideration? Over the last 5 years, Franklin has had appreciation of 29.26% and average annual appreciation of 5.27% , Brentwood’s past 5 year appreciate rate was 34..83% and the average annual rate was 6.16%. Nashville trails slightly at 26.10% over the past 5 years and an average annual rate of 4.75%.
So you can see you really can’t go wrong choosing Nashville and surrounding areas for your luxury home. After all, Nashville was just named one of The 13 Hottest American Cities by Business Insider in December 2015. And Franklin was ranked #1 for Great Southern Town in 2014. Brentwood was ranked #11 as the Highest earning cities in the US by NerdWallet in 2015.