2 Questions about home values
 

1. Value of a home that is on a lot opening to a preserve:

Does anyone have an idea what a lot that opens to a nice preserve would be worth? Are these lots as valuable as a golf course lot? I know each home is unique but I'm just wanting an over all opinion.

2. Turn key versus not turn key
How much does selling a property turn key add to the cost of a home in general. Furniture is OK but nothing outstanding. If a home is offered as turn key, can you make an offer minus the furniture? How much would you deduct for for the value of the furnishings?

Thanks for any insights you might be able to give me.

1. sometimes a preserve view is worth more than a golf course view. You have more privacy and no early morning maintenance noise from mowers etc. Value of view is in the eye of the beholder.

2. Sounds like you are talking about a specific home here, if the furnishings are mediocre make an offer without them included. Sometimes turnkey homes are furnished and decorated beautifully, and the value is reflected in the overall price plus you benefit from only having to move in your clothes and toothbrush.

Some of the lots on Conservation Drive were priced in the range of $600K to $900K. The were required to have a Premiere home built on them.


The typical added for a Designer with a golf course view, all other things being equal, is around $120K to $150K. Don't know specifics but I would guess it would be in the same range for a Preserve view.

Have you spoken to your real estate person, they would probably have a better knowledge of the area and a home that you’re speaking of. Sometimes turn key doesn’t involve that much money in the price of the home. It’s usually because the sellers just don’t want to take the furniture. I would definitely ask my real estate person with all of your questions to get a better idea.

Preserve lots have a significantly higher amount of bugs than interior lots. Most preserves are bug breeding grounds. Make sure you go by there and stand outside on a warm evening. Those that live on them will dispute this, but verify for yourself before buying. We have friends who are selling and moving because one of them seems to attract bug bites. They go someplace else without any issue, but at their home it's a big issue.

So trust but verify.

There was a recent thread(s) about some water view areas not being kept up. Remember these are preserve areas (read these are NATURAL), these are not man-make ponds or lakes (read regular upkeep, grass cutting, plant trimming, etc.). I have no direct experience in this area, but from what I recall in other threads, there were some complaints about invasive species, weeds, and other over growth, so be sure to take this into consideration, the view you have today may not be the view you have in the future. Golf course, and man-made water retention ponds/lakes seem to have the same or very similar views year after year.
As for the comment above about odors, this seems to occur 1 or more times a year depending on weather conditions, and of course wind direction.

Please do your homework so you get the house of your dreams, TV has so much to offer, I am sure you can find what you want.

I would also think that the "nature perserves" would offer some bugs and critters (not the bird variety)....what VillageTinker had to say also may also be a factor.

There are also lake and pond lots that are private and have great views. I believe that the only building lots now available are south of 44, The Pines and Oceola are now pretty much spec homes. You can search the TV sight for "build your home" and the lots will come up with water or preserves sketched in and they will also show the prices. I believe the highest price lot currently available is $129,000 and all the way down to under $20,000. There are no golf course lots available now but there will be in the near future they are working on them now.

A buildable lot in the villages for $20,000?

Golf course, and man-made water retention ponds/lakes seem to have the same or very similar views year after year.

Until a sinkhole turns them into a mud pit. Examples Cane Garden, Pimlico, Alhambra etc

Turn key can be a great deal if the furniture is high quality and a style you like. We bought turn key and traded out the pieces we didn't like. One of our villas came with a golf cart (added bonus for us)...

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If the furnishings are mediocre and sparse, I guesstimate $2-5k. Some homes are furnished beautifully and then the furnishings are worth much, much more.

The lots on Conservation Trail are pricey. 3700 Conservation has a $545,000 lot premium.

Yes, the price of the house... but that difference was the price of the lot.

One our street the houses on golf course side of the street are about $120K to $150K more than the houses on the non-golf course side of the street. Same Designer houses, same house sizes, same house spacing, about the size lots (actually most of the golf course side of the street lots are a bit small than on the non-golf course side of the street). Only difference is whether the lot bordered the golf course or not.

When we were looking we saw about the same differences in all the comparable golf/non-golf houses we saw.