Renting in construction area

[PALjeneral]

This is my second post. I am considering buying a home in the Villages, but not moving into it until I retire in a few years. I like some of the new cottage homes, but I am afraid if I buy one in a neighborhood that has homes under construction that the construction may be a negative to some of my potential tenants. Any thoughts are appreciated.

[OpusX1]

If I were renting it would be a negative for me. I would need about a 40-percent discount to rent in a construction zone.

[SteveFromNY]

I would think it's certainly not a positive in a construction zone. But keep in mind, it's a temporary condition. If you rented this year at a discount because of the construction, next year you'd be in a finished, brand new neighborhood.

[LisaJ]

This is my second post. I am considering buying a home in the Villages, but not moving into it until I retire in a few years. I like some of the new cottage homes, but I am afraid if I buy one in a neighborhood that has homes under construction that the construction may be a negative to some of my potential tenants. Any thoughts are appreciated.

Which cottage home and which village do you like?

[LisaJ]

Which village do you like? Which floor plan in the cottage homes? We are thinking the same things you are and trying to make a decision.

[PALjeneral]

I liked the Tuckett Inn the best. It seems like a good value. There are several completed and available now. I like the lanai on the side of the house for some privacy. If you haven't done the lifestyle preview, I recommend it. It will give you a good "feel " for the Villages. You can also look at homes until you are worn out.

[JohnN]

construction goes fast and likely in a year it's finished in your area. However, for one year, you'd have to discount. And there are a lot of rentals in TV, be realistic and competitive. Very few rent all year round to my understanding.