set-up of villages

[eyegirl]

We have yet to visit TV, but are wondering...

in any particular village, are the designer homes and cottages intermingled or are they in separate villages? are the bonds the same for ALL homes in each village or do they differ from designer and cottages?

thanks

[Russ_Boston]

We have yet to visit TV, but are wondering...

in any particular village, are the designer homes and cottages intermingled or are they in separate villages? are the bonds the same for ALL homes in each village or do they differ from designer and cottages?

thanks

For the most part each Village has areas of Villas, Designer, Cottage homes. Some Villages have Premier homes only. But in general there is a good mix of homes in each area.

Bonds are based on Sections. Each Village will have numerous sections. For example I purchased in Buttonwood, Sec 164. Every home in that section is a designer home and the bond is the same for all regardless of land cost. In other words the home across the street from me is on a golf course, mine is a corner and the home next to me is strict interior. We all pay just over 23K for our bond. What they do is take the total infrastructure cost of the section and divide it up equally by the number of lots in the section.

The villas will all be in a section of just villas and their bond will be less since the density of the area is greater (more units in the same space).

[eyegirl]

Russ,
If I understand you correctly, if you live in a "section" of a village that has all cottages then the bond should be smaller as well since the homes are smaller (therefore have more cottages within a section).
Thanks again for all of your help and insight : )

[jebartle]

buy in Lake County, NO bond....

[Dan =^..^=]

Russ,
If I understand you correctly, if you live in a "section" of a village that has all cottages then the bond should be smaller as well since the homes are smaller (therefore have more cottages within a section).
Thanks again for all of your help and insight : )

I hope Russ doesn't mind me making a small correction, TV calls each section a "Unit", as in "Russ lives in Unit 164".

I, like Russ, have a designer home and also live in the Village of Buttonwood but I am in Unit 163.

You'll find that a lot of contractors and such will ask you for your "Unit and Lot Number" so they can pull up your TV records for your home.

[Tom Hannon]

I also live in Buttonwood and my unit is 164. We both have designer homes and are less than a six iron away from each other, off of Triggerfish. I have an Iris andf I believe Russ has a Bergonia. We pay the same bond amount. I'm curious if Dan's bond is different.

[Russ_Boston]

I would think that no two Units (thanks for the correction:)) have the same exact bond.

And yes, eyegirl, villa units will have smaller bonds due to density. But the math on how they determine the figure is still the same. Remember though that 'cottages' are not villas. Cottage homes generally take up the same lots as designers and therefore will have the same bond as any other home in that Unit.

[starflyte1]

If you buy a resale, the bond may have already been paid in full, or have a smaller balance due than a new home.

[Dan =^..^=]

I also live in Buttonwood and my unit is 164. We both have designer homes and are less than a six iron away from each other, off of Triggerfish. I have an Iris andf I believe Russ has a Bergonia. We pay the same bond amount. I'm curious if Dan's bond is different.

Hi Tom. I too have an Iris and my bond in unit 163 is $20,046. Geeze, is my bond really about $3k less than unit 164?

[Tom Hannon]

Hi Tom. I too have an Iris and my bond in unit 163 is $20,046.

I believe my bond is $23

[Dan =^..^=]

I believe my bond is $23

They must have used the gold plated pipes in your 'hood. :)

[natickdan]

I also live in Buttonwood and my unit is 164. We both have designer homes and are less than a six iron away from each other, off of Triggerfish. I have an Iris andf I believe Russ has a Bergonia. We pay the same bond amount. I'm curious if Dan's bond is different.

Another Buttonwood neighbor here and I'm also in unit 164, off of Triggerfish. Our home is an Allamanda model and our Bond is $23,133.

We also looked at new homes that had Bonds less than $20K, but as was previously stated, these homes seemed right on top of each other.

[graciegirl]

Pennecamp is a recently built village that has all of the different series of homes, except manufactured homes, Villages Homes (that is what they are called in listings) are only found in the original areas at the far north perimeters. Pennecamp has Premiers, Designers, Cottages and Villas.

I like Pennecamp because it does have all series of homes there. I wonder if they will be creating more completely mixed villages as they begin construction south of 466A.

There is an all Premier village being built right now in a sort of isolated area just off 466. This land is surrounded by areas that have been built for many years. I understand that the new Premiers are selling fast. I don't think that is so true of the older ones. I like to read what is for sale and several nice Premiers have been on the market for over a year.

I think most people want LESS space to take care of than in their previous home. Less space to take care of means more time to play I guess.

I find it fascinating to see what people choose and how the villages grow.

[eweissenbach]

When I purchase a home in TV it will be a pre-owned home and one of the criteria will be low or no bond. I have looked at hundreds of listings over the last year and it seems to me that one can purchase a home with a very low or paid-off bond that is comparable in every way to one with a substantial bond balance for a comparable price, less the cost of the bond. I have always purchased pre-owned homes (15 and counting) over the years as I feel I can get more for my money, landscaping, add-ons, and with TVs bond situation, I feel it is even more compelling to buy used.

[skyguy79]

I wonder if they will be creating more completely mixed villages as they begin construction south of 441A.
This is just an observation, :shocked: but of the individual sites already identified in the Sumter Co. Assessors map, there "seems" to be no section(s) in the Brownwood area setup specificately for villas at this time. I don't know if that means much as there may still be many more streets yet to be plotted on this map.

[Ohiogirl]

When I purchase a home in TV it will be a pre-owned home and one of the criteria will be low or no bond. I have looked at hundreds of listings over the last year and it seems to me that one can purchase a home with a very low or paid-off bond that is comparable in every way to one with a substantial bond balance for a comparable price, less the cost of the bond. I have always purchased pre-owned homes (15 and counting) over the years as I feel I can get more for my money, landscaping, add-ons, and with TVs bond situation, I feel it is even more compelling to buy used.

My advice (such as it is) would be to make sure you are trying as best you can to compare apples to apples. Older homes had lower bonds to begin with and if paid off or very low the price is usually adjusted up accordingly. So - maybe your bond is $10,000 less, but maybe you need in a roof in 2 years that will cost $10,000 (I don't know how much roofs cost here, just an example). Appliances may also be 10 yrs old and need replaced, same for carpet, etc.

I am not disagreeing about getting more for your money (now) with a pre-owned home. When we bought in 2006 (pretty much at the height of the market), pre-owned were priced about 10% HIGHER than new and if in good condition, most sellers were getting close to asking price. Right now my feeling is that resale is priced LESS than new for the most part and IS a better buy.

Also, even though most pre-owned (doesn't that sound better than used)? do have improvements, just make sure they are ones that matter to YOU. If you're not a landscape lover you might not care that there are $10,000 in upgrades, maybe you would have been happy with $2,000 spent there. To us, the attic stairs are a must have, but if I were 75 or infirm and won't be getting up any stairs, that would be a useless upgrade. Just be sure to do the math.

This forum is great for wanna-be's who are doing their homework. If you're seriously thinking of buying, now's a good time to do a spreadsheet or list of approximate upgrade costs and value to you that you can use when you are ready to seriously look.

[graciegirl]

My advice (such as it is) would be to make sure you are trying as best you can to compare apples to apples. Older homes had lower bonds to begin with and if paid off or very low the price is usually adjusted up accordingly. So - maybe your bond is $10,000 less, but maybe you need in a roof in 2 years that will cost $10,000 (I don't know how much roofs cost here, just an example). Appliances may also be 10 yrs old and need replaced, same for carpet, etc.

I am not disagreeing about getting more for your money (now) with a pre-owned home. When we bought in 2006 (pretty much at the height of the market), pre-owned were priced about 10% HIGHER than new and if in good condition, most sellers were getting close to asking price. Right now my feeling is that resale is priced LESS than new for the most part and IS a better buy.

Also, even though most pre-owned (doesn't that sound better than used)? do have improvements, just make sure they are ones that matter to YOU. If you're not a landscape lover you might not care that there are $10,000 in upgrades, maybe you would have been happy with $2,000 spent there. To us, the attic stairs are a must have, but if I were 75 or infirm and won't be getting up any stairs, that would be a useless upgrade. Just be sure to do the math.

This forum is great for wanna-be's who are doing their homework. If you're seriously thinking of buying, now's a good time to do a spreadsheet or list of approximate upgrade costs and value to you that you can use when you are ready to seriously look.

Excellent post and I completely agree.

There are some things in homes already built, even if they have the floor plan and lot size and view that we are looking for and even if they are priced well....that are deal breakers for me. Many have been made so personal with the prior owners selections that to rip out colored carpeting and replace counter tops, appliances, flooring and repaint would be a hassle and an expense sometimes equal to the bond.

A lot of people don't mind these things, but a lot do.

I really, really, do not think that there is much dollar difference in new and used in most cases and....I think new Premiers are often less expensive as many were built during the national real estate boom when things were more expensive.

But......the hunt for the deal is a good experience and can often net you the prize. I wouldn't rule out an already loved home in our search for our NEXT house in TV.

[Bogie Shooter]

I like Pennecamp because it does have all series of homes there. I wonder if they will be creating more completely mixed villages as they begin construction south of 441A.

There is an all Premier village being built right now in a sort of isolated area just off 441. This land is surrounded by areas that have been built for many years. I understand that the new Premiers are selling fast. I don't think that is so true of the older ones. I like to read what is for sale and several nice Premiers have been on the market for over a year.

.

Where is 441A??? Do you mean 466A and 466??

[graciegirl]

Where is 441A??? Do you mean 466A and 466??

Yes.:undecided::ohdear:

[dwbevan]

For the most part each Village has areas of Villas, Designer, Cottage homes. Some Villages have Premier homes only. But in general there is a good mix of homes in each area.

Bonds are based on Sections. Each Village will have numerous sections. For example I purchased in Buttonwood, Sec 164. Every home in that section is a designer home and the bond is the same for all regardless of land cost. In other words the home across the street from me is on a golf course, mine is a corner and the home next to me is strict interior. We all pay just over 23K for our bond. What they do is take the total infrastructure cost of the section and divide it up equally by the number of lots in the section.

The villas will all be in a section of just villas and their bond will be less since the density of the area is greater (more units in the same space).

Russ,

That was the best and most clear explanation of the bond I have heard. Now even I can explain it! Thank you. :BigApplause:

[SALYBOW]

I live in Unit 163. I too have an Iris and only pay $20043. I was surprised that the unit were not all the same. Who knew??? I probably asked you this but where in Unit 163 Dan, Are you at the end of Fringe Tree with the pool and the three christmas trees? I know a Dan lives there. :highfive:

[Dan =^..^=]

I live in Unit 163. I too have an Iris and only pay $20043. I was surprised that the unit were not all the same. Who knew??? I probably asked you this but where in Unit 163 Dan, Are you at the end of Fringe Tree with the pool and the three christmas trees? I know a Dan lives there. :highfive:

SALYBOW, There is another Dan that lives on Fringe Tree Trail that has a pool. I'm over across from Bonita Pass golf course on Fringe Tree Trail right before the curve.

I also sent you a PM.

[Pturner]

My advice (such as it is) would be to make sure you are trying as best you can to compare apples to apples. Older homes had lower bonds to begin with and if paid off or very low the price is usually adjusted up accordingly. So - maybe your bond is $10,000 less, but maybe you need in a roof in 2 years that will cost $10,000 (I don't know how much roofs cost here, just an example). Appliances may also be 10 yrs old and need replaced, same for carpet, etc.

I am not disagreeing about getting more for your money (now) with a pre-owned home. When we bought in 2006 (pretty much at the height of the market), pre-owned were priced about 10% HIGHER than new and if in good condition, most sellers were getting close to asking price. Right now my feeling is that resale is priced LESS than new for the most part and IS a better buy.

Also, even though most pre-owned (doesn't that sound better than used)? do have improvements, just make sure they are ones that matter to YOU. If you're not a landscape lover you might not care that there are $10,000 in upgrades, maybe you would have been happy with $2,000 spent there. To us, the attic stairs are a must have, but if I were 75 or infirm and won't be getting up any stairs, that would be a useless upgrade. Just be sure to do the math.

This forum is great for wanna-be's who are doing their homework. If you're seriously thinking of buying, now's a good time to do a spreadsheet or list of approximate upgrade costs and value to you that you can use when you are ready to seriously look.

I agree. A realistic way to compare price among different home options is to add your total purchase price (including any closing costs), plus bond (if any), plus interior and exterior upgrades you intend to make (if any), plus furnishing and remodeling costs (if any). If significant, you could add depreciation to account for differences in maintenance, repair and replacement costs.

[Pturner]

I live in Unit 163. I too have an Iris and only pay $20043. I was surprised that the unit were not all the same. Who knew??? I probably asked you this but where in Unit 163 Dan, Are you at the end of Fringe Tree with the pool and the three christmas trees? I know a Dan lives there. :highfive:

SALYBOW,
I believe the bond in the Unit is all the same. Your bond is the same as Dan stated his bond is in Unit 163.

[Russ_Boston]

SALYBOW,
I believe the bond in the Unit is all the same. Your bond is the same as Dan stated his bond is in Unit 163.

I think Sally meant that she is surprised that not all UNITS were the same. Yes everyone in the same unit pays the same but other units are independent of yours.

[swrinfla]

You know what fascinates me?

In this thread, there's a bunch of talk about Unit 163, 164, etc. I've only been here six years and live in Unit 91!

On-going and rampant growth here in TV!

Welcome, all you Newcomers!

SWR
:beer3:

[oceangirl]

Ok can someone explain what unit number is? Do you mean lot number? We only know our lot number that we are building on Bachman Path. I learn something new here everyday.:BigApplause:

[robbie]

just looked at our paperwork and we are in unit 163, lot #5 on queen palm place in buttonwood... our bond is $20,046...can't wait to join you frogs in may...see you at the pool....:MOJE_whot:

[golfnut]

wow, we bought new 7 years ago in a designer/ranch home neighborhood and our bond was $11,000....gn