Quote:
Originally Posted by Laker14
It occurred to me that if I were considering buying a place in a retirement community in Florida, and golf was a major factor for me, the conditions of the courses in TV would send me away.
TheVillages.com website markets TV as a golfer's dream. In the 6 years I've been spending my winters here the conditions of the courses has steadily deteriorated, at least during the high season. The value of having so many courses, both championship and executive, diminishes when the greens look like sandboxes in a playground.
I didn't buy my home in TV thinking of it as an investment, nor was golf the primary factor, but I don't want to see any of the amenities be allowed to deteriorate for lack of proper maintenance. I don't want, in 10 years to see the rec centers, pools, tennis courts, pickleball courts, etc not being kept up nicely. Likewise for the plantings and general common landscaping.
I would include the proper conditioning of the golf courses in all of what keeps TV an attractive option for potential buyers.
|
With a positive 30 year track record, I don't think a year or 2 of adverse conditions is going to seriously impact marketability. Look at down south as an example. It took something like 5 years to build the bridge the Developer "promised" and they're still waiting for their 1st real Town Square and only have 1 Championship golf course.. Folks bought into the promises and still are.
You can be sure the Developer is attuned to social media and the marketplace in general. The Developer may be many things, but the family is not stupid and they're not going to allow their assets and investments to be devalued.