Quote:
Originally Posted by TNGary
We plan to relocate to TV in about two years upon my retirement, will be 68 at that time. Anyone who can provide any comments regarding if it is better to purchase a residence now or wait would be much appreciated. A few additional questions also for anyone's comment:
1) Rental Income: We were advised by TV realtors a home could be put into a rental program in the interim. As we were driving around the villages Dec of 2016 saw many "for rent" signs plus rentals via internet sites. Is the rental market really that strong where one could anticipate rental income?
2) Appreciation of current homes: Do you believe the value of current homes are appreciating that fast where it would be beneficial to purchase now? As there seems to be a lot of home for sale in TV plus I saw reduced prices for the new homes offer by TV realtors.
3) Resident Turnover: What is the approximate turnover, such that what percentage of residents decide annually to relocate out of TV.
Thank you for any comments, also thanks for the great hospitality during our brief visit.
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I read through all the posts and agree with Most of them. Here is my take.
1. Rentals- the only way to go is post on the villagers homes for rent website and rent it yourself. I have a designer in the south end and it is rented every month through March of 2018 (yes 2018) except June, July, and August. I am definitely cash flow positive. I agree that LOCATION is huge. I am 10 minutes by cart from Brownwood and walking to 2 pools. We have a watch service that is private and cleans between renters. PM me and I will give contact. DO NOT USE rental services -they charge 20% and eat up all your profit. It costs about $6000 a year not including taxes to keep up the house.
2. Nobody knows if they will have more houses built besides Fenney. So everything is a gamble. I will say that houses that are in good locations are in high demand and prices are going up. I don't see any price appreciation on anything north of 466, so if you want to buy up there, no problem. If you want a designer in Hillsborough or Gilchrist, buy now.
3. Lost of new people coming to the villages, or waiting to come to the villages - not many leaving. Demand will always be there. It is an awesome place.
Ed