Quote:
Originally Posted by fflmaster
I am sure this is discussed in Nauseam, but can’t seem to find much on a search with recent opinions.
I expect my wife and I will want to design our house vs purchase an already made and ready new home if we go in the new home direction.
However, looking at locations TV releases to build lots on the price can go from 5k to 200k.
I get the idea of pick what you can afford and want, but I am still the kind of person that needs to confirm value. Say, we decide to move to a new location in 10 years. I don’t want to loose 200k in value. Up North, the area and size of house would all be similar in price. View would not mean anything to valuation of sale.
So, do the golf course views really sell for 200k more than a same style home without the view? Or do you understand and accept a loss if you purchase the view?
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I've lived in TV since 2018 and in our second home for a year now. To US (each has to make up their own mind), a view (golf, water, reserve, etc.) was not worth the additional price. We have relatives in the northern section up by Glenview that purchase an older home with a great gold course view but got at a great price as it needed a lot of updating. It's think TV artificially generate the cost of "special" lots as they have a raffle when you want to purchase a specific lot - its not as simple as going Into a sales office and picking a lot.
At the end of the day, the value of a view is up to you alone. I don't think you would lose the money. HOWEVER, a lot of people move to other areas (us included) and some multiple times.
I would suggest not passing up pre-owned homes as the previous owners have often made nice upgrades that don't recoup the cost on a sale - especially if not owned for a while. For example, we were the fifth owner for our first home here. We move to get a larger lot - no view but privacy and room for a pool or hot tub.
Also, be wary of pond views. The ponds close us were just mud holes until the recent rains.