[Nana2Teddy]

Originally Posted by asianthree

Many on this site have owned here for more than 10-20 years, and beyond. Usually with more than one home in TV, and “The Bond” is what is always asked when buying a spec, building on a lot, or “What is the balance” of the bond on a preowned. Some of historic side didn’t have a bond, and get a few perks free, that others pay for.

Bond question is only missed if new perspective buyer didn’t research or topic of bond discussion wasn’t given to them, which while very rare, has happened.

In 2007 bond on a new home we looked at was $12,000. 2010 our bond was $15,000. 2012 our bond was $18,000. 2014, was preowned with $13,000 left. 2022 our bond is $24,000. Some choose to pay bond off immediately, while others like us don’t since there could be another new #5 home right around the corner. So far have met one person who has bought 12 homes, in TV.

While Unit 84 is unique that it is tucked away, with 121 sites, that looks to be a secluded area, the bond will be the highest so far for new development. No one knows if only Premier homes only will be built there, but many guess with the lot premium, one would hope homes will be in that category.

Then again when we were trying for a lot in Richmond, some of the largest custom most expensive build lots, that we didn’t get, ended up with much smaller models than we expected for the size of the lot.

So Unit 84, could end up with a great view, on a prime lot, with an average home, and a really large bond. Only time will tell, which in TV, will really be just a few months down the road. I truly hope the terminology of Custom home will be brought back for Unit 84.

Wow! Your bond is so small compared to our 2022 veranda home in DeLuna. Is that because you bought a lot and did a custom build, and the bond is only on the lot, not the home? Our bond is $37K on a spec home.