Talk of The Villages Florida - View Single Post - What would you tell your aged mother?
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Old 02-08-2009, 12:51 PM
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It's probably many other things than which Village. I would tell her not to buy near the power lines, backing to a busy street, near a sewage treatment plant, or close to the train tracks. Rationalize them any way you want, but they all have a negative impact on resale value. Focus on back yard privacy to enhance value. Then I would tell her to visit both town squares and see which one she enjoys the most. Then have her buy the biggest house she could comfortably afford close to that square while avoiding the other 4 things above. You may say she doesn't care about resale value, but someday she may want to downsize, move to assisted living, take a reverse mortgage or need the equity for some other reason. So she should still buy with resale value in mind. Oh how many of us have bought thinking it was the last place we would ever own.
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