Rookie Questions

[Cookie Princess]

We expect to retire to TV in about 5 years. We have visited a few times (probably about 10 days total) as my parents rent a house each year in April/May.

We want to start doing our research now with a visit this coming spring. Should we plan to do the Lifestyle Preview now or rent a house for a week and do the preview in later years? We would like to try out different areas and different seasons over the next few years.

Our goal is to sell our house, buy a condo in Maine and a house in TV. We are not adverse to buying a home early and renting it out (in a few years).

[EPutnam1863]

We expect to retire to TV in about 5 years. We have visited a few times (probably about 10 days total) as my parents rent a house each year in April/May.

We want to start doing our research now with a visit this coming spring. Should we plan to do the Lifestyle Preview now or rent a house for a week and do the preview in later years? We would like to try out different areas and different seasons over the next few years.

Our goal is to sell our house, buy a condo in Maine and a house in TV. We are not adverse to buying a home early and renting it out (in a few years).

With the explosion in the population growth, I would not buy until about a year or less before you are really ready.

[villagetinker]

IMHO, things change a lot in 5 years, especially here. My suggestion, keep coming for visits, then when you are closer to actually buying, come for the full lifestyle visit. Other option as you mention, is buy a house and rent it out, then when you decide to move here see if it is what you want, if not sell and buy another one.

[Packer Fan]

We expect to retire to TV in about 5 years. We have visited a few times (probably about 10 days total) as my parents rent a house each year in April/May.

We want to start doing our research now with a visit this coming spring. Should we plan to do the Lifestyle Preview now or rent a house for a week and do the preview in later years? We would like to try out different areas and different seasons over the next few years.

Our goal is to sell our house, buy a condo in Maine and a house in TV. We are not adverse to buying a home early and renting it out (in a few years).

Great idea. I disagree you have to wait. At a conservative 4% price increase, a $300,000 house becomes $365,000 in 5 years. That is what we looked at when we bought 4 years ago and glad we did. However, a house is a big responsibility, and if you have $300,000 in the bank, you may be able to do better than 4%. Personally, we look at it as diversification.

As far as lifestyle - if you want Jan-Mar you almost have to do a lifestyle visit. You will not find anyone renting one week. You might be able to get a week in April, but I doubt it. You can easily get the first week of May - in fact I have a house in Hillsborough I would rent you for a week next may.

I think you need to come down at all times of year. the weather does change. I would say make sure you spend time in July and August, because what you will find is it is NO WORSE THAN THE MIDWEST. One of my pet peaves is how people in Wisconsin say they couldn't live in FL because of the summer heat. Then it is 95 degrees and 95% humidity hear for the whole month of August. It is actually nicer in TV because of the daily summer rainstorms. Believe me, we spend a lot of time there in the summer, because our house is rented all winter.

However, if I was going to buy, I doubt I would by in Fenney/Desoto - I would buy a resale between Brownwood and Lake Sumter. Not sure how houses down in Fenney will rent.

[rivaridger1]

Buy in with a turnkey Villa. You can visit when vacationing and you can rent it. Get to know the area and the neighborhoods. When you are ready to move
you will know where you want to be, even if the Villa turns out to be what you ultimately want. If you are going to trade up, the Villa appreciates to the same extent percentage wise as a bigger house. Sell it and buy the bigger house if that is what you ultimately decide. I think the key is " Buy In " if The Villages is your final destination.

[Cookie Princess]

Thanks to all! You have been very helpful.

I am not super worried about the summer heat as we have done many a Disney vacation in June and August. However, I am concerned about the crowds/traffic/wait times in January - March. I can see that making for a VERY cranky hubby.

How bad is it really during the winter?

[Kathrynsews]

I’m sure it depends on where you are from and what kind of traffic you are used to. We come from Michigan and laugh at what folks here think is heavy traffic. We don’t find it a problem at all.

[VillageIdiots]

Lifestyle visit is fine for a relatively short stay. But rentals are easy to find at good prices in the summer, especially if you rent for a month or more. The more time you can afford to spend here is all the more a better investment of time to make sure it is for you and to really explore and determine what areas you like the most.

As for buying, I agree with waiting until closer to retiring, but I also agree with the idea of buying sooner and grow some equity. If you buy the right place, the rent you would get during snowbird season alone would just about cover your expenses for the year. Places are easy to find in the summer to rent on short notice, but many of those same places you will find already booked in the winter into next year and even beyond.

[Barefoot]

.... I am concerned about the crowds/traffic/wait times in January - March. I can see that making for a VERY cranky hubby.
How bad is it really during the winter?
Not bad at all; and it's an exciting vibe!
Of course we only live here seasonally so we have nothing with which to compare it.
We normally don't have to wait in restaurants (if you don't go at 6/6:30 PM).
And we get tee times at the time and place requested.:shrug:

[Barefoot]

I would say make sure you spend time in July and August, because what you will find is it is NO WORSE THAN THE MIDWEST. Since you are planning to buy a condo in Maine, I don't think you need to visit in July and August.
I love Maine and it's an excellent place to spend summers.
We spend winters in The Villages and summers in Canada.

[jtdraig]

I would recommend that you seriously consider purchasing now and renting. Five years from now will likely be much more expensive than today. One post suggested that you purchase between Brownwood and Lake Sumter now. That is really good advice. In five years, we will know how the southern expansion is working out. I am just telling you what I would do now given your question. Do a lifestyle visit. They will push you toward new homes in the south but take some serious time to look at resale houses as they will all have driveways, landscaping, and lot of other amenities plus seriously lower bonds. Best of luck to you in your quest.

[Transplant]

I'm in the same situation as you. Already have the condo on a beach in Maine. Renting for a month this Winter and maybe buy then and rent out for a few years before moving after retiring in 5 years.

[eweissenbach]

Thanks to all! You have been very helpful.

I am not super worried about the summer heat as we have done many a Disney vacation in June and August. However, I am concerned about the crowds/traffic/wait times in January - March. I can see that making for a VERY cranky hubby.

How bad is it really during the winter?

The traffic is not a big deal in winter IMHO. It is most definitely NOT like the traffic in any large metro area that I am aware of. I can't recall ever having to wait through two traffic light changes in nine years. The squares and parking lots are crowded if there is a high profile group like Rocky and the Rollers or Johnny Wild, but otherwise easy squeezy. An occasional thirty minute wait at several restaurants, but you can always find a decent choice with little to no wait. Executive golf courses are pretty packed from 9:00 to 3:00, but you can usually get a tee time for one or even two at a decent time. I play early so no problem. We are coming in August this year just to see what it is like. Not worried about the heat - it is 97 degrees with a 105 heat index today in KC.

[village dreamer]

buy now , unless you want to be close to key west in 5 years from now.:1rotfl::clap2::1rotfl::clap2:

[Cookie Princess]

THANKS, everyone! I got my Villages preview packet in the mail last week. I have also been watching rentals.

[Topspinmo]

The traffic is not a big deal in winter IMHO. It is most definitely NOT like the traffic in any large metro area that I am aware of. I can't recall ever having to wait through two traffic light changes in nine years. The squares and parking lots are crowded if there is a high profile group like Rocky and the Rollers or Johnny Wild, but otherwise easy squeezy. An occasional thirty minute wait at several restaurants, but you can always find a decent choice with little to no wait. Executive golf courses are pretty packed from 9:00 to 3:00, but you can usually get a tee time for one or even two at a decent time. I play early so no problem. We are coming in August this year just to see what it is like. Not worried about the heat - it is 97 degrees with a 105 heat index today in KC.

Hot is hot, but I think you will find the humidity and angle of the sun feels like this torch on you're neck and back, and when you start sweeting it pours like the rain. I also thing IMO heat index maybe higher down hear along with the suns ability to damage skin. So, make sure you have good dose of sun screen on it you plan on being out 11am to 5pm. For comparison I spent many summers in north Texas, Oklahoma, Louisiana, Missouri, and Nebraska, but in my younger years, maybe that was factory in my opinion on summer heat and humidity?

[asianthree]

Since you already have family living here,I think they are your best resource. A lifestyle visit isn’t really going to accomplish anything other than looking at homes, giving you a golf cart, and a couple rounds of golf,cost from anywhere $99 to 147 a night.

Summers are not going to be a problem for you since you own a condo up north. So I would skip the summer visit completely. We keep a home up north and come and go as we please.

If it is possible for you to purchase a home now, I would do it soon as you find a home that you were happy with. If you buy an unfurnished you can rent it on a yearly basis don’t have any wear and tear on anything that you own and it works out perfectly for many people.

You will find some who would like a multi year contract so that would take care of a big chunk of your five-year plan. Then when you do move down here it doesn’t mean that you have to stay in that home you can always look elsewhere, with the equity you built.

We purchased eight years before one of us retired . We have had the same wonderful people in our home since the week we closed.
Once one of retired we bought a home we loved.

[tagjr1]

We expect to retire to TV in about 5 years. We have visited a few times (probably about 10 days total) as my parents rent a house each year in April/May.

We want to start doing our research now with a visit this coming spring. Should we plan to do the Lifestyle Preview now or rent a house for a week and do the preview in later years? We would like to try out different areas and different seasons over the next few years.

Our goal is to sell our house, buy a condo in Maine and a house in TV. We are not adverse to buying a home early and renting it out (in a few years).

Hey Rookie! What do you think this place will look like in 5 years? You need to really think long and hard about this! With a little luck your new Village's address will be just outside Magic Kingdom ! If the population now is in the 125k-130k expect another 20k-30k in 5 years.

[Cookie Princess]

Hey Rookie! What do you think this place will look like in 5 years? You need to really think long and hard about this! With a little luck your new Village's address will be just outside Magic Kingdom ! If the population now is in the 125k-130k expect another 20k-30k in 5 years.

Hysterical, but true! Good thing we love the Magic Kingdom! I am worried about the growth. I was surprised to see the article about adding apartment buildings. What do people think of that?

[graciegirl]

Hysterical, but true! Good thing we love the Magic Kingdom! I am worried about the growth. I was surprised to see the article about adding apartment buildings. What do people think of that?

There are assisted living apartments already. I say if you aren't really sure, don't buy now.

Only you know how you make decisions. Some folks don't investigate thoroughly and some are forever in a paralysis of analysis. Most are somewhere in between. Purchasing a home is a large decision for most people. In this case you will be starting out in a strange new land.

No one can guarantee what tomorrow will bring. I have sadly watched two wonderful people who posted a lot on this forum leave this world before their plans for living here were realized.