What do you wish your TV sales rep had told you?

[champion6]

This is a question for those who built a home in TV. Your answers will help others who are considering this.

What did you find out AFTER the contract was signed that you wish you knew before signing? :shrug:

[SALYBOW]

We were told by many agents that we would have an ATM at our mailbox. We don't, Pennecamp doesn"t, and St. James doesn't. That is at least 3000 homes without an ATM. :boom::cus:

[gmcneill]

Not that an agent would tell you this, because it would cost them money, but a consideration that might work for you:

Order very basic appliances, very basic interior light/faucet package, and most inexpensive exterior light package...then later purchase upgraded items you might really want but at a cheaper price. Same thing with flooring and window treatments.

Reason is that the taxable value of your home will be based on the sales price. A home with upgraded items (that will eventually be replaced) will appraise higher, thus resulting in higher taxes.

That was our intent when we started pricing our new home go minimalist with interior things, max out extensions on the garage, lania, front, side...however, somewhere along the way convenience the thought of not having to do anything once we move in crowded away that intent. :doh:

[billmar]

Not that an agent would tell you this, because it would cost them money, but a consideration that might work for you:

Order very basic appliances, very basic interior light/faucet package, and most inexpensive exterior light package...then later purchase upgraded items you might really want but at a cheaper price. Same thing with flooring and window treatments.

Reason is that the taxable value of your home will be based on the sales price. A home with upgraded items (that will eventually be replaced) will appraise higher, thus resulting in higher taxes.

That was our intent when we started pricing our new home go minimalist with interior things, max out extensions on the garage, lania, front, side...however, somewhere along the way convenience the thought of not having to do anything once we move in crowded away that intent. :doh:
:agree:especially with your last paragraph.

[marybb]

Our agent did tell us about buying a basic model, and upgrading after we closed, that's exactly what we did. He was most helpful.


,

[mulligan]

Same here. I just did fans, garage door opener,and garage shelving after closing. And by the way, Mike, I'll be happy to help you with any of that stuff in October.

[joan729]

Here are some things that I wish i knew to ask:
1. How do different elevations affect floor plans in specific models? When I was buying my Gardenia I didn't know that and as a result i have a smaller den than I would have liked.
2.How are real estate taxes affected by occupancy certificate? We received an certificate of occupancy before everything was finished and so we had to pay a full year's real estate taxes instead of a partial first year. If you are having a house built find out what the most appropriate date is to start construction. You probably want settlement to occur in early February rather than in January to save on real estate taxes in the first year.

I hope that you find this helpful. All in all although we could have done some things differently, we love our house and The VILLAGES and you will too!

[Pturner]

Here are some things that I wish i knew to ask:
1. How do different elevations affect floor plans in specific models? When I was buying my Gardenia I didn't know that and as a result i have a smaller den than I would have liked.
2.How are real estate taxes affected by occupancy certificate? We received an certificate of occupancy before everything was finished and so we had to pay a full year's real estate taxes instead of a partial first year. If you are having a house built find out what the most appropriate date is to start construction. You probably want settlement to occur in early February rather than in January to save on real estate taxes in the first year.

I hope that you find this helpful. All in all although we could have done some things differently, we love our house and The VILLAGES and you will too!

Joan729,
Great first post. :eclipsee_gold_cup:

Welcome to TOTV!

[champion6]

And by the way, Mike, I'll be happy to help you with any of that stuff in October.Thanks, Bill. I'll look you up when I install ceiling fans.

[katezbox]

Not that an agent would tell you this, because it would cost them money, but a consideration that might work for you:

Order very basic appliances, very basic interior light/faucet package, and most inexpensive exterior light package...then later purchase upgraded items you might really want but at a cheaper price. Same thing with flooring and window treatments.

Reason is that the taxable value of your home will be based on the sales price. A home with upgraded items (that will eventually be replaced) will appraise higher, thus resulting in higher taxes.

That was our intent when we started pricing our new home go minimalist with interior things, max out extensions on the garage, lania, front, side...however, somewhere along the way convenience the thought of not having to do anything once we move in crowded away that intent. :doh:

Not an expert on property taxes and such, but I have read comments similar to yours and have wondered....Isn't the mill rate here about 14.5... so that would be an additional $14.50 in tax for each $1000 of value (I think). So, if your savings in buying cheap and then swapping out was about $5000, you would spend less than $75 per year in taxes ... and you might not recover the cost of swapping out the "cheap" stuff... If my premise is right (and I know someone will let me know one way or the other), then definitely not worth the inconvenience...

[gmcneill]

Not an expert on property taxes and such, but I have read comments similar to yours and have wondered....Isn't the mill rate here about 14.5... so that would be an additional $14.50 in tax for each $1000 of value (I think). So, if your savings in buying cheap and then swapping out was about $5000, you would spend less than $75 per year in taxes ... and you might not recover the cost of swapping out the "cheap" stuff... If my premise is right (and I know someone will let me know one way or the other), then definitely not worth the inconvenience...

K: I recently read in TOTV that someone saved about $2700 by upgrading their kitchen upgrades after the sale. Who knows how much one would save by buying the fixtures and faucets after the sale. Therefore, I believe your $5000 number is solid enough for discussion purposes.

Staying squarely in the parameters of your premise...in addition to the tax savings of $75 per year, one would add the $5000 savings and any $$ gained from the subsequent sale of the initially purchased base items, or the value of the tax deduction if such items were donated.

Unless one can confidently perform electric and plumbing work, however, the additional labor installation costs will reduce the above savings.

For our particular situation- knowing full well that Wifey and I not only tend to do or go w/out but also talk ourselves out of buying "fancy things"...meaning that we probably would not ever buy all of the planned upgrades- convenience (and a guilty twinge of doing something special for ourselves) triumphed over cash saved.


PS:

I realize that in my original post that I should have stated that some agents might not tell buyers about the above.

I try to avoid being as rude as my post read.

:bowdown: I apologize to all of the agents whom I unintentionally but never the less disrepected.

[Hoosiervillager]

We were told by many agents that we would have an ATM at our mailbox. We don't, Pennecamp doesn"t, and St. James doesn't. That is at least 3000 homes without an ATM. :boom::cus:

We didn't have an ATM in Hemingway when we first moved in but it was eventually installed. It looks like in St. James there is a spot for the ATM. I'm expecting it will be installed once the neighborhood is built out.

[eremite06]

Upgraded appliances and fixtures are not accounted for in the art of placing a value on your improvement (home). All that's noted on the appraisal is their presence. So, it's really not worth the trouble.

[jaspal]

I wish that I was told that to have pocket doors on the lanai that they would take away 11 inches off the width of the lanai. I would have added another foot if I had known...

[diskman]

This is a question for those who built a home in TV. Your answers will help others who are considering this.

What did you find out AFTER the contract was signed that you wish you knew before signing? :shrug:

I wish she had said " Buy it today because if you wait too long to sell yours you will lose $200,000 of equity and be stuck where you are." :shrug::sad::evil6::cus:

[Ohiogirl]

Upgraded appliances and fixtures are not accounted for in the art of placing a value on your improvement (home). All that's noted on the appraisal is their presence. So, it's really not worth the trouble.

Don't understand your post. Would think upgraded appliances are worth it to the user (the owner) whether installed prior to occupancy or after. We upgraded our fridge last year, kept the old one in the laundry room. It's sure worth it to me.

Are you saying it doesn't make a difference in your tax assessment if you do it before closing? Doesn't it make a difference in the purchase price and thus in the tax assessment (and tax bill) if you do it thru the Villages prior to closing?

[Gongy]

Don't understand your post. Would think upgraded appliances are worth it to the user (the owner) whether installed prior to occupancy or after. We upgraded our fridge last year, kept the old one in the laundry room. It's sure worth it to me.

Are you saying it doesn't make a difference in your tax assessment if you do it before closing? Doesn't it make a difference in the purchase price and thus in the tax assessment (and tax bill) if you do it thru the Villages prior to closing?

I agree with you about the tax assessment. If I purchased the upgraded appliances from the builder it would have increased the price of my home by $8500, which in turn increases my tax assessment. I wish I could have told them keep all of your appliances and just take that total off the price of the house. The appliances you get from the builder are not bad, its just that I love to cook and I'm a kitchen person, so I like to have certain features in my appliances.

[jflynn1]

If the The villages Agent tells you something, have them put it in writing. Have their superior sign it also. Everything