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New Home/Build Lot Prices Question
Are the prices for new home lots in the Villages going down in parallel to the market shift with existing homes? Thinking of building and wondering if a resale might be a better way to go financially. On the other hand, is it less expensive to build a new home if the Villages offers lower pricing than existing homes?
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Location and variables
Location as well as many variables make your question loaded with ambiguity.
A new build with any view worthy lot, is top shelf. Lots start at a low of 130 k and can go over 200k. That is of course before your house is built or your bond is added at the end. Typically you would be in for at least 700 for a designer home. Transversely, non view lots with no room for a pool can be zero dollars. If you want a preowned home south of 44, a typical 2000 square foot view lot home will run you at least 700k. Pools and improvements will drive that price up typically anywhere between 100 to 200 k and there is usually an additional bond. |
Some view lots have had a price tags of over $200,000 we looked at one at $250,000. No worries on the larger lots, with a view, the least amount of names will be over 50. We lost on 15 lots before our name was #1. It was not the lot we wanted, but the house and pool fit.
We also continued to try for 5-6 different lots for the next month even though we knew we would loose $10,000 |
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Unless we build or want to move north, to a preowned, there are very few 4/3.5 with minimum of 3000sf and a pool, is hard to find, without doing major Reno. |
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The no bond at building surprising. I thought homes near Tierra Del Sol had bonds, but could be wrong. Building 29 years ago in 1996 is very different than 2025 new builds |
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No one has answered the OP's question. I suggest s/he post a query in GrokAI as follows: Relative to The Villages, FL, are the prices for new home lots in The Villages going down parallel to the market shift with existing homes? x [dot] ai
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Topcha bought a northern resale. He made renovations and added a pool. He believes this was the cheapest route and is happy with his decision. After looking at new homes, we too bought a resale. We have a beautiful golf course view. The former owner glassed in the lanai and added a/c. An enormous birdcage was also added to the home. The bond was paid. We spent $35,000 on a new kitchen and floors. My nephew, a construction worker, remodeled both bathrooms. We now have a completely updated home. We too feel buying used is the best and cheapest way to go. Instead of paying a hefty $50,000 bond, we used the money to upgrade the home with higher end materials. We feel it was an even trade off. However, we save a little each year because we do not have interest to pay on a bond. Most importantly, we had no added expenses for a glassed lanai, large birdcage or landscaping. All three will be hefty additional amounts if purchasing a new build. Once completed, I believe a new home with a view lot and pool is approaching one million? A friend who bought 3 yrs ago paid in the $750,000 range. But, her home is not a premier. Btw: many resales have higher ceilings. Yet another hefty savings compared to purchasing a new build. |
Our model base in 3 years has increased over $200,000+. Add $200,000+ for a view lot, stretch if possible (solid walls no longer allow some improvement). Add middle of the road fixtures, floors, countertops, third bath, T&D pool. We built with high er end ceramic floors, quartz, appliances, stretch 6’ garage, front bedroom, lanai, 3rd bath.
Our house today would be 1.3 mil or more, to build. |
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So, as the cost of building supplies continue to increase, the price of homes seem to be slightly higher and thats with the reduction of the quantity\quality of things offered. Edit: Examples are when we bought every room came with a ceiling fans where now just the fan cap is provided. |
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