Talk of The Villages Florida - View Single Post - Buying in Established villages vs new home
View Single Post
 
Old 11-20-2010, 08:19 AM
Taj44 Taj44 is offline
Veteran member
Join Date: Jan 2009
Posts: 861
Thanks: 0
Thanked 0 Times in 0 Posts
Default

Even with the discounts on new homes, I think there are really good values in the pre-owneds. For example, my friend has a Wisteria for sale at $199K. The lowest priced one I saw new on the Villages website was $193.9 say $194. My neighbor has a beautiful enclosed lanai with nice flooring that cost about $10K, and the bond balance is around $13. I don't know but am guessing they'd take an offer of say $193, so the total cost of the home would be $193 + $13K bond balance = $206 for a nice home with enclosed lanai. Add $1000 or so for re-painting and the cost would $207K for the pre-owned, which is only 4 years old. Plus this particular pre-owned has hardwood flooring installed in the living room, which is an added plus if you like hardwood.

The comparable price of the new home is $194 + $10K to enclose the lanai + $20K bond = $224. The pre-owned is a big savings of $17,000. And the pre-owned is in a central location near Lake Sumter, versus being out on the outskirts somewhere, which I consider added value.