[Lisanp@aol.com]

I went into 9 "lot lotteries" so 27 potential lots based on having to select first, second and third choice each time and was not successful in procuring a desired lot. If your desire is for a lot that will accommodate a large home, or for a view lot you chances to obtain one are going to be slim. I would try to get the lot first then worry about the home sale as you may not get a lot to move forward with building.

[ridge]

Originally Posted by Hifred

I am interested in opinions. I own a home in The Village of Charlotte and am considering building a larger home in The Village of LaGrange in Eastport. I am confused... With the bidding process for lots and potentially purchasing a lot and then not being able to sell my home for the price I need to complete a build that I would want. There are two options: 1) I sell my home first and then when the lot I am interested comes up to enter the lot lottery or 2) Purchase the lot and then try to sell my home. The issues are if I sell my home and rent then I may not get the lot in the area I would like to live since the lots have multiple people trying to purchase. But if I purchase a lot and then try to sell my house if it doesn't sell then I must move forward with the build and that could cause me problems financially. I have spoken to TV sales department and they are very positive that my house will sell which is what I would expect from the sales department. If anyone has had recent experience with this process can you tell me how it went for you? My current house is in very good condition but with all of the new houses for sale in the south I am thinking my house may not sell for what TV market appraisal is. I looked on line and my home would be the 10th pre owned sale sorted on price and square footage. However there are more than 18 new homes that are less expensive based on price and square footage. Your thoughts are appreciated.

Being in retirement and personally being a bit conservative, I would sell existing home before purchasing a lot, unless money is no object. No need to put yourself in a stressful position. You could secure financing for lot and new built home first. Then list home and proceed with purchase. Remember there are likely many extra to purchase when buying new. Good luck.

[Hifred]

Most of the homes we looked at that are older than 12 years need a lot of work and updates. That is why we were looking at new. Plus the cost of the new homes on a golf course lot even with the bond is less expensive than an older home on the golf course when you consider the upgrades they need i.e., typically roof, HVAC, etc.

[JMintzer]

Originally Posted by Hifred

Most of the homes we looked at that are older than 12 years need a lot of work and updates. That is why we were looking at new. Plus the cost of the new homes on a golf course lot even with the bond is less expensive than an older home on the golf course when you consider the upgrades they need i.e., typically roof, HVAC, etc.

Plenty of those homes have already been "upgraded" and have new HVAC systems.

Plus, they have many of the typical "after market" upgrades than many people want to have.

For example, our (now 7 year old home that we purchased 4.5 years ago), had Plantation Shutters on all the windows, a Pegasus Water Softener, Epoxied Garage Floor, a Stained Driveway, Front Walk and Lanai floor, pull out drawers in the pantry, and built in custom closets in all of the BRs.

[Ruger2506]

Originally Posted by Hifred

Most of the homes we looked at that are older than 12 years need a lot of work and updates. That is why we were looking at new. Plus the cost of the new homes on a golf course lot even with the bond is less expensive than an older home on the golf course when you consider the upgrades they need i.e., typically roof, HVAC, etc.

Considering the quality (or lack there of) of the new homes. The 12 year old home may be better. I think the 20 year old homes are better built.

[jrref]

Originally Posted by JMintzer

Plenty of those homes have already been "upgraded" and have new HVAC systems.

Plus, they have many of the typical "after market" upgrades than many people want to have.

For example, our (now 7 year old home that we purchased 4.5 years ago), had Plantation Shutters on all the windows, a Pegasus Water Softener, Epoxied Garage Floor, a Stained Driveway, Front Walk and Lanai floor, pull out drawers in the pantry, and built in custom closets in all of the BRs.

Agreed, it's rare that you see a pre-owned home without all the upgrades.

Upgrades as I see it.
1) Newer HVAC and water heater
2) Newer Roof
3) Crown Moulding and Finished moulding around lanai sliders.
4) Plantation Shutters
5) Finished driveway, garage, and lanai floor coatings
6) All Closets upgraded with one of the newer storage systems
7) Hardwood or tile flooring and no rugs.
8) House re-pained in the last 5 years
9) Whole House Surge protection and maybe a lightning protection system.
10) Upgraded landscaping.
11) Whole house water filtration and possibly a water softener
12) Irrigation filter

I'm sure there are many others. In a new built home generally there is no #3, #4, #5, #6, #7, #9, #10, #11 and #12 and you can't imagine how much money it costs for all these upgrades and time and effort to get them done.

[asianthree]

Originally Posted by jrref

Agreed, it's rare that you see a pre-owned home without all the upgrades.

Upgrades as I see it.
1) Newer HVAC and water heater
2) Newer Roof
3) Crown Moulding and Finished moulding around lanai sliders.
4) Plantation Shutters
5) Finished driveway, garage, and lanai floor coatings
6) All Closets upgraded with one of the newer storage systems
7) Hardwood or tile flooring and no rugs.
8) House re-pained in the last 5 years
9) Whole House Surge protection and maybe a lightning protection system.
10) Upgraded landscaping.
11) Whole house water filtration and possibly a water softener
12) Irrigation filter

I'm sure there are many others. In a new built home generally there is no #3, #4, #5, #6, #7, #9, #10, #11 and #12 and you can't imagine how much money it costs for all these upgrades and time and effort to get them done.

Then incoming new residents don’t want crown molding, plantation shutters finished drive (3 years 70% naked drive) many closets done by unique at 40% less than aftermarket, LV pretty common, palms are on the way out nobody want the maintenance, 15 years in TV never needed a water system, irrigation filter not really needed north of 44, but ours was $75.

Younger residents, less grandparents decor and landscaping ideas. But they do mow their own lawns, and garden their beds, with plants from local farms.

After 15 years between the 6’s, it’s refreshing to see a change lifestyle, of capable DYI residents in their 40-55 age groups.

[Ruger2506]

Originally Posted by asianthree

15 years in TV never needed a water system, irrigation filter not really needed north of 44,

Did you move here from Flint Michigan? ALL of FL has disgusting water. At least everywhere I've been in this state.

[JMintzer]

Originally Posted by jrref

Agreed, it's rare that you see a pre-owned home without all the upgrades.

Upgrades as I see it.
1) Newer HVAC and water heater
2) Newer Roof
3) Crown Moulding and Finished moulding around lanai sliders.
4) Plantation Shutters
5) Finished driveway, garage, and lanai floor coatings
6) All Closets upgraded with one of the newer storage systems
7) Hardwood or tile flooring and no rugs.
8) House re-pained in the last 5 years
9) Whole House Surge protection and maybe a lightning protection system.
10) Upgraded landscaping.
11) Whole house water filtration and possibly a water softener
12) Irrigation filter

I'm sure there are many others. In a new built home generally there is no #3, #4, #5, #6, #7, #9, #10, #11 and #12 and you can't imagine how much money it costs for all these upgrades and time and effort to get them done.

Oooh! I forgot about the Crown Molding... Our home came with that, as well...

And a large paver patio off the lanai, easily 10'X15', instead of the little concrete pad...

And they replaced all the carpeting with LVP...

They put up a hedge behind the lanai, but other than than, no other landscape upgrades...

[JMintzer]

Originally Posted by asianthree

Then incoming new residents don’t want crown molding, plantation shutters finished drive (3 years 70% naked drive) many closets done by unique at 40% less than aftermarket, LV pretty common, palms are on the way out nobody want the maintenance, 15 years in TV never needed a water system, irrigation filter not really needed north of 44, but ours was $75.

Younger residents, less grandparents decor and landscaping ideas. But they do mow their own lawns, and garden their beds, with plants from local farms.

After 15 years between the 6’s, it’s refreshing to see a change lifestyle, of capable DYI residents in their 40-55 age groups.

40-55 age groups? That is a very small minority, regardless of where you move...

[asianthree]

Originally Posted by Ruger2506

Did you move here from Flint Michigan? ALL of FL has disgusting water. At least everywhere I've been in this state.

160yo log cabin up in Lewiston Mi well water. Lake house Traverse MI well water, Commerce Mi, community well. All my summers in Tiny towns outside of Lexington and Louisville KY, also well, or the creek behind the house.

In TV our 5 different villages between the 6’s four New houses didn’t have the weird smell/taste. 5th House Preowned, by Seabreeze the water was from fridge filter into a brita, ok water, but not in house long enough to care.

New build water doesn’t have that weird smell or taste that will come later as pipes age. However just water isn’t high on our list, it comes in the form of coffee, sweet tea, and homemade lemonade.