The Lofts at Brownwood

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  #1  
Old 12-14-2019, 06:43 AM
retiredguy123 retiredguy123 is offline
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Default 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
  #2  
Old 12-14-2019, 07:31 AM
thelegges thelegges is offline
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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.
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Old 12-14-2019, 08:17 AM
Marathon Man Marathon Man is offline
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Originally Posted by thelegges View Post
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.
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Old 12-14-2019, 08:40 AM
thelegges thelegges is offline
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Originally Posted by Marathon Man View Post
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
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Old 12-14-2019, 09:45 AM
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This week they started putting the yellow lap siding on some of the buildings. They're starting to look more like real buildings.
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Old 02-06-2020, 09:20 PM
tghoul tghoul is offline
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Default 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.
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Old 02-06-2020, 11:27 PM
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Petoskey 1
Approx. Square Footage 783
Bedrooms 1
Bathrooms 1
Laundry In-Suite Washer & Dryer
Patio / Balcony Yes
Furnished Optional

The Villages Florida

The Villages Florida

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

The Villages Florida

Last edited by John_W; 02-06-2020 at 11:34 PM.
  #8  
Old 02-07-2020, 06:33 AM
retiredguy123 retiredguy123 is offline
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Quote:
Originally Posted by tghoul View Post
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.
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Old 02-07-2020, 07:15 AM
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Originally Posted by retiredguy123 View Post
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.
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Old 02-07-2020, 07:31 AM
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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.
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Old 02-07-2020, 07:33 AM
Aces4 Aces4 is offline
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Quote:
Originally Posted by Toymeister View Post
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.
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Old 02-07-2020, 08:59 AM
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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.
  #13  
Old 02-07-2020, 10:03 AM
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Quote:
Originally Posted by charmed59 View Post
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.
  #14  
Old 02-07-2020, 02:43 PM
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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
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Last edited by asianthree; 02-08-2020 at 03:25 PM.
  #15  
Old 02-07-2020, 05:36 PM
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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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