I greatly appreciate all the responses, even on becoming persona non grata!
As always there is more information that can become I guess pertinent. I did have 2 homes prior, roughly 4 years ago I sold that rental property and have been just in our current home. That means I do get the pitfalls of rental property. I would probably just open it up to season rentals when not down there, just to not sit and have a company watch over it. I get that is typically 20% I would look into that more before purchasing of course.
Although none of us are Nostradamus-like, well I am not anyway. I would have expectations that property values 10 years from now would be up, and I would have the equity in there as well with a down payment. Upon my passing, this would be another nest egg for my wife... who likes to plan that already!
. That being said, I could check out tomorrow!
One response talked about an annual maintenance fee. What is that in The Villages, or perhaps I am misreading that? I understand the Activities fee, etc?
How much do you all spend on pest spraying?
Lawn mowing, if I get a place with a lawn! (I don't want a lawn when I retire to do or take care of. Just my preference.)
What are your insurance rates? (I have watched so many YouTubers that have Villagers breaking down their costs, and it seemed somewhat reasonable to me.
I do think the home prices in TV are too much hence looking for a deal so I can be patient. I am coming down for 5 days in May to do the lifestyle visit and will be hitting up the areas, and seeing locations that we have a definite interest in.
And I will reach out as my schedule eases this week to query those who have left the invite to reach out.... as I don't think I have a hint of the picture and probably due to not providing enough information but putting down let us say $100k on a home purchase to lower the mortgage amount at a higher interest rate, or if paying off my $100k (much lower interest rate as to time mortgage was taken out.) Just curious if there is something I am missing in terms of a benefit either way other than just having one mortgage payment on a non-homesteaded home.
Just thoughts!
A few mentioned rental properties need to be on a golf view etc. to get the rental and not smart to get inner units, I do not want to pay a premium for those views personally, as for me they are overrated for living there. I have a family place on a lake in MN (Avid fishing guy myself) but unless I am on the lake, I don't spend any time looking at the lake. Since I do bass, I love a calm lake so I look at it at 6 AM and go, looks fab I am going out. That is my extent of looking at it lol!
I believe the value for a place (I could be absolutely wrong as it is my importance.) is having a place near a pool and rec center seems more valuable then golf view. Just one guys take! I am sure my life would love a Golf Course View, until the golfers are in the yard, balls are in the yard, and the Mini Schnauzer wants to get to them!
Please keep on with the thoughts, I find them all valuable.
