The Home Is The Admission Ticket To The Community

By
Real Estate Agent with RE/MAX Elite 513.520.5305 www.LizTour.com SAL.2002007747

admission ticketWhen you're home shopping you'll find that some communities command a premium price.  The same home that is X dollars per square foot in subdivision Big Pine Valley might cost 2X in Affluent Woods.  Very little difference in the key characteristics, roughly the same square footage, the same number of bedrooms, the same number of bathrooms and garage spaces, yet significantly different in price.

Why the big difference?

Because there's something significant about the 2nd community that can't be found in the 1st community.

Perhaps it's the quality of the homes with significantly nicer finishing touches.  Plain vs. all the thrills!

School districts.  District A is in trouble, District B has a superlative reputation, guess where people want to live?  And it's supply and demand, and the schools drive demand.

Prestige.  Some people really like to have others know where they live.  If you say Long Cove in the Mason area, people KNOW about it.  Million dollar homes are common.

And there's another factor we see come into play, especially with our low maintenance housing specialty:  when there's only ONE Greater Cincinnati 55+ community, homes in the community can ask for (and get) a premium when compared to similar homes outside the community's gates. 

Why?

Heritage at Miami Bluffs can break the pricing rules because it IS so unique in Cincinnati.  With no other 55+ communities, there's supply and demand at work.  The home is the admission ticket to the community.  You want access to the full time social director, the 9000+ square foot community center, the 30+ social clubs and everything else that comes with this unique community, you have to be a resident.  To be a resident, you have to be willing to pay the price of admission.

Drees Homes is down to low single digits of homes to finalize their building in the community.  They're already completed all the attached ranch condos and the courtyard homes, and we've watched new pricing records be set for the resales in each type of home.  We'd expect the same will happen with the remaining types of patio homes as Drees finishes.  The demand is there, buyers are willing to pay the admission price to belong to this community.

Want to know more about Cincinnati's 55+ community?  Just give The Liz Spear Team of RE/MAX Elite a call at 513-520-5305 or email Liz@LizSpear.com.  We look forward to hearing from you!

Bill & Liz aka BLiz

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Serving Warren County Ohio & Adjacent Areas

 

The Liz Spear Team of RE/MAX Elite
Elizabeth Spear, ABR, CRS, Ohio License SAL.2002007747

William (Bill) Spear, CRS, Ohio License SAL.2004011109  Kentucky 77938
Ask for us by name if you visit the office!

EHO Two locations: Lebanon & Mason, OH
Bill Direct:  513-520-5305
Liz Direct: 513-265-3004     
Fax: 866-302-8418

MailTo:  Liz@LizSpear.com

Search Homes:  Https://WarrenCountyOhioRealEstate.com

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Rainmaker
3,337,184
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Bill. Sometimes you have to pay the piper. Enjoy your day!

Oct 19, 2019 05:08 AM #1
Rainmaker
1,460,062
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

Every home is unique, as is every community. It feels so weird to know I could live in a 55+ "senior" community. I feel 30.

Oct 19, 2019 06:10 AM #2
Rainmaker
2,781,913
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

I always see our home as an extension of ourselves more than anything else, which the community can be, to your point.

Oct 21, 2019 07:05 PM #3
Rainmaker
2,781,913
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Home definitely is where the heart is and where the heart is—is therefore home. It does feel weird but I totally understand your point and feel you on that, Kat Palmiotti

Oct 21, 2019 07:07 PM #4
Rainmaker
2,781,913
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Paying the piper can be a joyous thing if you do it the right way, I suppose.

Oct 21, 2019 07:08 PM #5
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