Quote:
Originally Posted by sbarron01
Husband retiring in 7 yrs., mortgage paid off next yr., have a Feb. trip to check out TV. But already decided it's a "go" for me! (spent the past yr researching retirement communities). We're do-ers and TV has plenty to do. Question: How many yrs before retiring did you buy a house in TV? Or did you wait til retirement? And, while I know you're all a very helpful group of people(!), can you recommend any consultants who offer Q&A services to people relocating from outside the FLA area? It's my personality to want to ask the money/personal/tough questions to someone being paid to answer me. Is this something you think a Certified Financial Planner in FLA who knows TV might best be suited? ie: No kids so do we do a reverse mortgage down the road?, can this be done in TV? villa, condo or detached house? cash sale vs. mortgage, etc...
I'm so tired of my job and imagining a life in TV is the only thing keeping me going right now. : )
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Don't bother to ask a certified financial planner outside of The Villages....this place is totally unique in FL and the nation. You would not believe how many people in other FL cities and other states think this is just one big nursing home, or that it's just another condo complex with crappy HOA like the ones they have in other
cemetery-like retirement places in FL.
We bought here in our late forties and are still working. I have total confidence in saying this:
Just buy a nice, affordable villa (either patio or courtyard) for about $190,000, now. It's perfect for either seasonal or full-time living, and extremely easy to sell when you finally do retire, if you want a different home here.
I don't think you can go wrong
buying a place that oodles of buyers can afford to buy if you change your mind later on. And the taxes and utilities are cheaper, too, than a "forever home" (their dream home in designer price range here) like a lot of people agonize over for years and years before buying here. You could also rent it out for 3-4 months in winter for $3,000/mo., to pay for most of your expenses.
Live your life while you have it. Prices and mortgage rates are only going to go up, so you might as well buy a modest, sensible TV villa now. Over time, even if you don't like it here, you'll have put your money into building equity in a very marketable property.