Mark LEach | http://comforcare.com/illinois/central-dupage
However, it is timeless.
It is rumored there are a few more elderly living in Florida than in most other states.
What I have observed in both residential and high occupancy facilities that property values do not decrease.
When marketed as "aging in place" locations, those SFH in the area actually will increase in value BECAUSE the area creates more knowledgeable buyers.
OF worthy note is how these locations endured the 2008-2011 crash.
DISCLAIMER: if the community is prone to abandoned shopping carts, values will go down.
The appearance does not change much - and zoning laws - occupancy rate laws - really preclude the home from having a major impact on the surrounding neighborhood.
This is becoming very popular with the aging population in America. We will start to see more community homes and assisted living on a smaller scale.
Do visitors ask "What is that?" or "What's going on down there"
If they ask, you can bet it has caught their eye and some people will undoubtedly not be excited about it.
If they never ask, it probably blends in enough to not be a disturbance, thus no negative effect on value.
Are you talking about the small ones that just have people living in a home within the neighborhood? Most likely not at all. Unless there are constantly people coming and going and crowding up the street so there is no parking. I can't think of any reason a buyer would have a problem with a house being used in that manor as long as it was taken care of as well as the other homes in the area are. Are you having trouble with one in yuor neighborhood?
Prudential CA Realty