Quote:
Originally Posted by DiviAruba
(Post 2202766)
Hi,
When I was visiting in December and I told people I was thinking about buying, I was told not to buy in Orange Blossom. Can anyone tell me why?
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Here's an actual reason why:
You might have told them what kind of area you're looking for. And you were told this area doesn't meet your criteria. It depends on what you want, and WHO told you not to buy in this area. It could be that THEY just don't like this area, and decided to impose their choices on you.
Those are the reasons why you would be told not to buy in Orange Blossom.
You need to have an idea of what you WANT from your new home. Close proximity to supermarkets? Walking distance to the medical center? Easy access to Florida's Turnpike? Mature landscaping? Disability-friendly rooms and doorways? You have to determine your affordability. How much can you spend on a home? Will you need a mortgage? Do you want a brand-new house, or are you specifically looking for one that's been pre-owned, or do you not have a preference as long as the dimensions and price are right?
You have to check the risks vs. rewards of each type of location as well.
Beautiful swamp view in the back = higher risk of gators and mosquitoes at your back porch.
A courtyard villa with high walls = less chance of actually meeting any of your neighbors - but high chance of HEARING them if you're both outside in the back yard at the same time.
Somewhere super close to the town square = higher traffic, especially during peak hours and festivals.
The simple, relatively quiet, and natural-looking beauty of the "historic section" (Orange Blossom Gardens, Silver Lake, Country Club Hills) = higher chance that the only options will be manufactured double-wides or mobile home single-wides.
The upside to the older areas is that the oldest no longer have any bond obligations, and the older (but not oldest) are pretty close to paid off.
The bond is a financial obligation over and above the cost of the home. So if you see a house listed in the new construction section for $300,000, that doesn't include a bond that could be $20,000 on top of that. You can pay it all off at once, OR you can pay it monthly, with insane interest, and not be allowed to pay it off early if you change your mind.