Quote:
Originally Posted by BrianL99
There is no area of The Villages, where STR's are clearly prohibited. There is an argument that the "no business" language in the Deed Restrictions would apply to STR's, but no one has been willing to press the issue in court.
This post sums it up.
If you opt for a more economical choice of homes, you're likely to get what you pay for. Patio Villas & Courtyard Villas are what they are. Glorified apartments, with little or no separation from your neighbors, limited parking, shared property areas and just about every other negative you'd associate with the bargain basement solution. The old adage, "you get what you pay for", certainly applies in those neighborhoods. It's sort of like buying in the so-called "historic district" ... don't be surprised if you're living next to a trailer.
"Renters" are much more likely to choose the most economical solution, which means renting in the less desirable areas ... patio villas, courtyard villas, historic district, etc.
The folks living over in Bridgeport, certainly aren't complaining about all the renters in their neighborhood.
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Homes near squares are more expensive then homes that are not. Look at the going prices for Villas in Brownwood. You will not find one less than $500,000.
Investors buy these homes, charge high rents, then flip at a higher price. They are well aware renters will pay more to be close to a square.
Patio Villas are also a good buy for investors because the cost is low. However, the rents charged by investors are not.
Of course, there are very few rentals in Bridgeport. Renters want to be near the squares, not in some area where there is little action and few neighbors. This is why I suggest you buy a designer home if you want to avoid rentals.Still then, there is no guarantee.