Michael 61 |
09-27-2024 11:21 AM |
Quote:
Originally Posted by Robbb
(Post 2374156)
I have rented numerous times in Richmond, the problem as I see it, is most of the homes are rentals. There seems no sense of community as your neighbors change every 7 days. For that reason I'm not that inerested in buying there.
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Yes, the rental situation in Richmond has been challenging. In my villa neighborhood of Richmond, we have determined that about 50% are rentals (I’d say half are airbnbs and the other half are permanent residents who are renting). Of the remaining 50%, about half of those are part-time snowbirds, which leaves us with just 25% of full time owner-occupied residents. Of those of us here full time, we have bonded together and are pretty close. I’ve started two different official social clubs that regularly meet at the rec centers to keep the fabric of our neighborhood close. Regarding the rental situation, it has improved slightly this year, as about 10 homes came on the market in our villa neighborhood, all investors flipping at the one year mark. Of the 10 that went up for sale, 8 were purchased by new full-time residents or snow birds. Only 2 were purchased by other investors, and remained rental properties.
Knowing what I know now, would I have still purchased in Richmond? For me, the answer is an absolute, YES! For the most part, the renters here have been pleasant and polite, and there have been no issues. The full time residents and snow birds are wonderful people, and many are now close friends. For me, I love the location. I can walk to Brownwood in 15 minutes, or cart in 5 Minutes. By cart: Edna’s 8 minutes / Magnolia Plaza 12 minutes / Sawgrass 21 minutes / Eastport 25 minutes / Lake Sumter 25 minutes. Very close to Eisenhower, Everglades, Lake Okahumpka and Ezell Rec Centers. If I had major issues, I would be putting my home on the market, making a tidy profit, and looking for another home elsewhere in The Villages. As of now (and things could always change), I’m very content and don’t see myself relocating any time soon.
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