Talk of The Villages Florida - View Single Post - Recommend new or pre-owned
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Old 07-21-2009, 12:13 PM
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It is really a personal choice. For a lower bond you want pre-owned, for starting with new neighbors, probably new is better, as to custom design,not much of that available for either new or pre-owned. You need to look at both and make a decision based on what you see. New friends will abound in either. New will have very little done so you need to add blinds, paint, attic stairs, improved landscaping, garage floor paint, paver's and some other things to the price. Make a list of all the things you want and which ones your willing to pay for. Then look at both. Add all the things in the pre-owned that you don't have to buy to the new price, add the difference in bond amount, and try to do an apples to apples comparison. Lot size always has a premium, birdcages add cost, granite, tile floors, get the adders for all those you want. As an example, on a pre-owned I bought there was 67K worth of upgrades over the base price of a new home. However the cost difference was only 36K. Most of those I wanted so the pre-owned with a bond that was 12K less then a new one was a much better value. But unless you build a spread sheet with all these details for every home your interested in, you might not catch that difference. But look at both, do the best you can to compare value, then decide.
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