Quote:
Originally Posted by SoCalGal
No one has answered the OP's question. I suggest s/he post a query in GrokAI as follows: Relative to The Villages, FL, are the prices for new home lots in The Villages going down parallel to the market shift with existing homes? x [dot] ai
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All who posted gave appropriate answers. Some supplied the actual cost of a lot with a view. Others reminded not to forget the cost of the bond. All explained if a pool is wanted, there will be an added cost of $195,000 or possibly more.
Topcha bought a northern resale. He made renovations and added a pool. He believes this was the cheapest
route and is happy with his decision.
After looking at new homes, we too bought a resale. We have a beautiful golf course view. The former owner glassed in the lanai and added a/c. An enormous birdcage was also added to the home.
The bond was paid. We spent $35,000 on a new kitchen and floors. My nephew, a construction worker, remodeled both bathrooms. We now have a completely updated home. We too feel buying used is the best and cheapest way to go. Instead of paying a hefty $50,000 bond, we used the money to upgrade the home with higher end materials. We feel it was an even trade off. However, we save a little each year because we do not have interest to pay on a bond. Most importantly, we had no added expenses for a glassed lanai, large birdcage or landscaping. All three will be hefty additional amounts if purchasing a new build.
Once completed, I believe a new home with a view lot and pool is approaching one million? A friend who bought 3 yrs ago paid in the $750,000 range. But, her home is not a premier.
Btw: many resales have higher ceilings. Yet another hefty savings compared to purchasing a new build.