Quote:
Originally Posted by eweissenbach
One problem solved, perhaps, but another problem; if you decide or need to sell your home after paying off the bond, many people, including some with The Villages Realty have said you cannot expect to recoup the bond payoff in your selling price. In other words new $200K home with $20K bond - pay off the bond and value of the home in the resale market is approx. $200K (depending on the market of course). That is a downside to the bond being seperate from the price of the home. For example, if someone looks up the price I paid for my home in Missouri, it will have the improvements made by the developer included. In TV the price would show as $200K in the example above.
|
Yes and no. The last home I built in Ohio had a recorded price which didn't include the lawn or landscaping or deck or patio or irrigation system or granite countertops, ect, ect. Really, I had $110K in it in addition to the price recorded for the home. The bond included or not is a non-issue. I's not even 10% of the price of a home. When you resell, the main determination of the value of your home will be what others, like yours, sold for in the previous 6 months. What you have invested in it is irrelevant.