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As John W stated:
As mentioned earlier, resales will have a lower bond or a paid in full bond. In fact the bond started at a much lower rate, my CYV bond was $14,000 when it started. I pay $1100 a year or there is a payoff of about $12,000 if I desired to do so. Question I have is you said you paid $1,100 for 9 years, and your bond balance is still $12,000? If so, you paid $9,900 and the bond balance only dropped $2,000. Why continue yearly payments for another 21 years, and not pay it off? |
My solution was to buy south and find a girlfriend living close to Sumpter, just hope my wife doesn't find out. :1rotfl:
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Most people are unaware that there are newer developments in the northernmost portion of TV, namely Phillips Villas and Solliaire. Both are in Marion County near the Mulberry Grove shopping area, located off of route 42 and are convenient to both 441 and 301. There are many villagers who have moved from other areas of TV to flee from crowded sections. I have found it to be very convenient and a pleasant place to live. The houses were built approximately 4 years ago.
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The newer homes have appliances that seem to break down more often. We have had to have out fridge (3 years old) serviced twice in our condo.
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Overall, I think that resales between 466 and 466A are best because they have mature landscaping, owner upgrades, and are more accessible to shopping, entertainment and golf. On the other hand, if you purchase a new home, you may be able to choose some of the flooring, cabinets, etc. yourself. Even though The Villages is notoriously friendly, a new neighborhood is much easier to make new and lasting friendships because "clicks" are not yet well established.
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When we purchased in 2011 we wanted a new home so we purchased a villa in Tamarind Grove. Now my recommendation is buy an existing home between 466 and 466-A and spend whatever it takes to make the pre-owned home to your liking. Most of us will be dead before the area south of the turnpike has enough squares, stores, restaurant, amenities, etc that help make The Villages what it is north of the turnpike. You'll be happy you did.
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If a new home is at the top of your list, Then there you go. I personally like the areas more established. I like being in the center of things. Pre owned homes might not have a bond.But bottom line is the location. Where in the Villages are you most attracted to. The homes in Marion county though, taxes are higher.
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I had the outside painted and re-landscaped last year. This year I'm getting granite countertops, new sink and faucets in the kitchen, and a new Jettastone shower in the master. Had wood floors installed, plantation shutters, new furniture when I moved in, roll down shades on the lanai, screen on the garage door. Master closet redone, attic steps in the garage, I just like seeing something in return for my money at my age, especially since this will be the last place I live. I'm 70 now, and if I live to 75 I'll past my expectations, I've got several big ailments, when bought the place I knew if I go 14 years I would be pushing my luck. I've already taken a reverse mortgage, so I'm only paying for things for my enjoyment. |
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We looked at Lakeside Landing two months after we bought in Santa Domingo. A lot of bang for the buck if activities are that important to you.
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