Talk of The Villages Florida - View Single Post - "No Bond" is promoted in home sales. But what's the real savings?
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Old 11-29-2023, 09:52 AM
Laker14 Laker14 is offline
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Quote:
Originally Posted by retiredguy123 View Post
You may find some pre-owned houses like that, but my experience has been the opposite. Most older pre-owned houses I have viewed have not been well maintained or updated.
Well, you don't buy those. You buy the good ones.
And the bigger point was that just because the house still has a bond, that doesn't mean the parts that are going to wear out aren't well on their way to doing so.

What is the term of the bond? 20 years? 30 years?
How long do the HVAC, or the roof, or the kitchen appliances last?
How long is it before the cabinets and counters, and other decorative features become dated?