Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#31
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We just bought new and had a whole spread sheet comparing costs and future costs.....new was better financially for us.
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#32
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We've done both. First 2 homes were new, 3rd one a resale. Paid more than my share towards the bonds, will never buy another home with a bond balance hanging over my head.
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Medicated Vet ... For your protection. Quote from Boot Camp Company Commander: "I'm gonna have to issue you all plexi-glass belly buttons, so when you have your heads up your asses, you can at least see where you're going." |
#33
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#34
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Resale vs New
All depends on personal preference, where do you want to live, looking to make friends with other new Villagers, what is your vision, and logistics. Our first home was a villa in Hadley, great area convenient to almost everything The Villages has to offer. Our new home is south of 44. We chose there because we could not find a resale that meet our criteria in the older areas. So we ended up purchasing in the southern villages with out any regrets we love it here. I am a firm believer there is no bad area in The Villages it all what you vision of paradise is.
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#35
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We built new on an empty lot in the historic area and were fortunate to find a lot on a golf course, not for the golf but for the view. We were able to build new and not have a bond. But we had to add stairs to access the garage attic, an epoxy floor for the garage and driveway. And we furnished the place. But our main criteria was the location not cost. We really liked the easy access via golf cart to 3 grocery stores, medical, Lowes, Walmart, etc in the historic area. Golf cart access was an important consideration as we are full timers and we thought about what our life would be like in 20 years when we may have more difficulty driving a car . For others it may be proximity to recreation or the town squares. Also consider what surrounds the house. There are many lots along the villages perimeter, natural areas, ponds (lakes) where you can enjoy an unobstructed view or a courtyard villa which offers privacy and some neighborhoods see a lot more traffic than others. |
#36
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Bingo
[QUOTE=Girlcopper;1864546]And many want to be able to use their lanai for 4 seasons and enclosing it is how. Too hot in the summer n cold in the winter so why waste the space and not enclose it???[/QUOTE
110% CORRECT ALSO STICK " RELATIVES "AND OUT OF STATE ACQUAINTANCES OUT THERE |
#37
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I agree completely. We upgraded the gutters, water softener system and are now adding a birdcage to extend our Lanai. Privacy screens also coming. All at decent prices.
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#38
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That is not true
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So three years of modest price increases will return the cost of the bond paid off. After 5 years of living in the house the value will be $365K, which easily recoups the price of the bond, and more. What you won't recoup is the interest you pay for not paying the bond off early, so I don't know what math you are looking at, but from a simple financial point of view, only a flipper after a year or two won't get his money back, unless the house sells significantly above the total combined cost, which is always possible. sportsguy |
#39
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#40
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Your point is a profit/income/wealth maximization / optimization answer with just a generalized assumption of a low interest rate. sportsguy |
#41
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Closed Thread |
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