Quote:
Originally Posted by UptownBee
Help, we're supposed to close on a Ruby (no golf cart garage) in Marsh Bend tomorrow but we're going to have to rent it out (preferably long term) until we can both retire and move down to the Villages full time. This morning we saw a nice Emerald style home with a separate golf cart garage that came available in a new neighborhood in Marsh Bend and are thinking of buying that one instead. It also has a larger yard with a fenced area for a dog. I read on this site that something a lot of homeowners wish they had was that separate golf cart garage. And, I've noticed it seems the extra golf cart garage is a big plus for long term renters. Problem is, the Emerald house is $25,000 more than the Ruby and it could cost us up to $2,000 in fees to switch to the Emerald this late in the game. The pro's of the Emerald as I see it are it would be easier to find a long term renter AND we would like the home better when we are able to live full-time at the Villages. The Ruby might sit empty for months while we hold out for a long term renter whereas the Emerald might be more desireable and we could get a renter in faster. It also might be easier to sell if we were ever to move in the future. If we went with the Ruby we would have to spend money on furniture, etc. outfitting it for short term renters. Anyway, we have to make a decision fast because we're supposed to close tomorrow so I'm looking for input. Thanks. We can swing either one financially.
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I have a very different view to many posters. You are intending to rent for some years before you can retire. You are looking for a long term renter. I don't think golf cart garage or no golf cart garage is going to make a difference to renting the property, that means more to the owner resident than a renter. When you finally are able to retire there is a 101% chance you will sell this home and purchase a brand new shiny home in another area and when you are living in the home get all the bells and whistles you want. Just my opinion ...........
Sorry, I answered your post before I read about your decision. Good choice, you will not regret it!