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-   The Villages, Florida, General Discussion (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/)
-   -   The Lofts at Brownwood (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/lofts-brownwood-300804/)

retiredguy123 12-14-2019 06:43 AM

The Lofts at Brownwood
 
Here is a link where you can view the floor plans for The Lofts apartments.

The Lofts at Brownwood | The Villages

thelegges 12-14-2019 07:31 AM

Got the email last night. Waiting for response of cost on yearly lease. The 3 bedrooms are a surprise. Wonder how many will be allowed to have resident passes.

Marathon Man 12-14-2019 08:17 AM

Quote:

Originally Posted by thelegges (Post 1701558)
Got the email last night. Waiting for response of cost on yearly lease. The 3 bedrooms are a surprise. Wonder how many will be allowed to have resident passes.

Same as a three bedroom house, maybe.

thelegges 12-14-2019 08:40 AM

Quote:

Originally Posted by Marathon Man (Post 1701569)
Same as a three bedroom house, maybe.

When four people purchase a home you are given 4 resident passes, if 6 purchase last two have guest passes. Thinking it will be the same for apartments

John_W 12-14-2019 09:45 AM

This week they started putting the yellow lap siding on some of the buildings. They're starting to look more like real buildings.

tghoul 02-06-2020 09:20 PM

Latest on The LOfts
 
First units available approximately June 1st.
>>> One yr lease.
>>> One bedroom starts at $1650
>>> 2 bedroom starts at $2145
>>> 3 bedroom starts at 3195
>>> Plus utilities and $162 amenities fee.
>>> Renewable after one year at prevailing rate.

John_W 02-06-2020 11:27 PM

Petoskey 1
Approx. Square Footage 783
Bedrooms 1
Bathrooms 1
Laundry In-Suite Washer & Dryer
Patio / Balcony Yes
Furnished Optional

https://cdn2.thevillages.com/wp-cont...heLofts-3D.jpg

https://cdn2.thevillages.com/wp-cont...erspective.jpg

Leland 1
Approx. Square Footage 1017
Bedrooms 2
Bathrooms 2
Laundry In-Suite Washer & Dryer
Patio / Balcony Yes
Furnished Optional

https://cdn2.thevillages.com/wp-cont...heLofts-3D.jpg

retiredguy123 02-07-2020 06:33 AM

Quote:

Originally Posted by tghoul (Post 1716056)
First units available approximately June 1st.
>>> One yr lease.
>>> One bedroom starts at $1650
>>> 2 bedroom starts at $2145
>>> 3 bedroom starts at 3195
>>> Plus utilities and $162 amenities fee.
>>> Renewable after one year at prevailing rate.

Wow! It looks like moving from a paid for CYV to a 2 Bedroom apartment would triple your monthy living costs.

Toymeister 02-07-2020 07:15 AM

Quote:

Originally Posted by retiredguy123 (Post 1716090)
Wow! It looks like moving from a paid for CYV to a 2 Bedroom apartment would triple your monthy living costs.

Only if you do not understand opportunity cost.

In other words what would the dollars from a "paid for CYV" he doing it you did not have said CYV? It would be earning returns.

retiredguy123 02-07-2020 07:31 AM

Quote:

Originally Posted by Toymeister (Post 1716102)
Only if you do not understand opportunity cost.

In other words what would the dollars from a "paid for CYV" he doing it you did not have said CYV? It would be earning returns.

Yes, but only if you can earn a return that is higher than the real estate appreciation, which has been pretty good lately in The Villages.

Aces4 02-07-2020 07:33 AM

Quote:

Originally Posted by Toymeister (Post 1716102)
Only if you do not understand opportunity cost.

In other words what would the dollars from a "paid for CYV" he doing it you did not have said CYV? It would be earning returns.

Those CYV dollars wouldn’t be earning that kind of money per month even with costs of owning the CYV amortized in with the figures. If those returns were from stocks, one would also have their cash on the table and could lose it all or most of it anytime. Just mulling over the total picture here.

charmed59 02-07-2020 08:59 AM

I must be missing something here. The prices shown say “plus utilities and $162 amenity fee”. So if the utilities are the same as at this hypothetical 2bdrm courtyard villa, wouldn’t the only other thing you pay for on the courtyard villa is taxes (which are written off) and yard maintenance?

I would hope the cost of rent would be more than the cost of yard maintenance.

For real comparisons you’d need to throw a mortgage in there.

retiredguy123 02-07-2020 10:03 AM

Quote:

Originally Posted by charmed59 (Post 1716133)
I must be missing something here. The prices shown say “plus utilities and $162 amenity fee”. So if the utilities are the same as at this hypothetical 2bdrm courtyard villa, wouldn’t the only other thing you pay for on the courtyard villa is taxes (which are written off) and yard maintenance?

I would hope the cost of rent would be more than the cost of yard maintenance.

For real comparisons you’d need to throw a mortgage in there.

I don't think you're missing anything. Even if you factor in a mortgage, your living cost could go up by about 2 to 3 times, depending on the value of your CYV, and your mortgage rate.

asianthree 02-07-2020 02:43 PM

Compared cost of our home, with everything but mortgage, our monthly expense of our 3 bed house is less, than what the lofts would be

Laker14 02-07-2020 05:36 PM

another factor to consider regarding cost analysis. If you haven't bought yet, and are considering the "rent vs. buy" comparison, if your money is tied up in IRA type accounts, whereby, in order to come up with down payments, furniture etc you have to increase your withdrawals from such accounts, one must consider the tax hit one takes. They are pretty substantial when you are talking 200K, or more, for a purchase. And one incurs a significant degree of loss of liquidity with ownership.
From the developer's standpoint, the question is not whether it's the right move for you, but whether there is a suitable market "out there" for the number of units being built.
I don't think these units will languish unoccupied. The developers know their stuff, and they will do well here.


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