[richinfl]

We have been here 21 years in June, and just had renewal with AAA insurance for house and car. Total package went up $1200 over last year, mostly on the homeowners. Value of home increased, AAA was granted a statewide increase in rates by the insurance commissioner, and we are a year older which affected the 2 cars by $375. No tickets, accidents, we are just getting older, so costs go up.

[rogerk]

Not sure about lower taxes since the seller likely gets the Homestead exemption. The new buyer will need to apply and the taxes will probably be based on sales price.

The insurance estimate sounds about right. Once you’ve narrowed the choice I would get an estimate from The Villages Insurance Company. It’s not a commitment.

It sounds like you are using an outside realtor. You’ll get a wider choice if you use a Villager Realtor. If the one you’re working with doesn’t want to show you preowned get a different Village Realtor.

[manaboutown]

Originally Posted by rogerk

Not sure about lower taxes since the seller likely gets the Homestead exemption. The new buyer will need to apply and the taxes will probably be based on sales price.

The insurance estimate sounds about right. Once you’ve narrowed the choice I would get an estimate from The Villages Insurance Company. It’s not a commitment.

It sounds like you are using an outside realtor. You’ll get a wider choice if you use a Villager Realtor. If the one you’re working with doesn’t want to show you preowned get a different Village Realtor.

There is no such thing as a "Villages Realtor". They are licensed agents but not Realtors.

[msilagy]

That question cannot be intelligently or factually answered. Every home and each insurance company is different. Hopefully you can buy wherever you want and insure the home after pricing different companies.

[Jdburns11]

I think we’re pretty much in the situation OP describes… we purchased in Virginia Trace Aug 2021 for 2,000 sf home I think built in or around 2005.

The roof was one year old or so I and I think we’ve paid between $1,300 and now $1,400 annually for homeowners or so (USAA).

Respectfully, DB

[JMintzer]

Originally Posted by manaboutown

There is no such thing as a "Villages Realtor". They are licensed agents but not Realtors.

Who cares? That this inane point keeps getting brought is ridiculous...

[MrChip72]

Originally Posted by retiredguy123

There are lots of new houses being built south of Sawgrass Grove. For about $400 to $500K, you can get quartz countertops, vinyl plank flooring, and a 2 and a half car garage. To me, these new houses are a way better deal than buying a 15 year old house, unless you get a really great lot and/or fantastic upgrades.

I've heard more than a few people tell me they were settled on buying a 15-20 year old home between 466 and 466A until they realized the huge difference in what the homes south of 44 are like. The quality of the finishes, the generally bigger homes, and the more modern building materials and appliances make it like a different world almost.

[Laker14]

Originally Posted by MrChip72

I've heard more than a few people tell me they were settled on buying a 15-20 year old home between 466 and 466A until they realized the huge difference in what the homes south of 44 are like. The quality of the finishes, the generally bigger homes, and the more modern building materials and appliances make it like a different world almost.

It is a different world south of 44. The location has, IMO, a completely different "feel" and look to it, compared to the 15, 20, and 25 year old neighborhoods.

[Larchap49]

Originally Posted by roadrnnr

We are looking at homes in the 15 -20 year old range in Sumpter county simply because of the location and lower tax
Working with a realtor and we told him to only show us houses with new or newer roofs because of all the stories I have heard about insuring with an older roof.

My ? is if purchasing a house in that age range with a new or newer roof is the price of insurance back to reasonable levels.

He is telling me I could expect to pay about 1200-1500 a year with a house that age with a new roof.

I would like to hear from anyone who is actually in that situation.

We just came back from a lifestyle visit and it was everything I expected and more.

Thanks

The roof is not the only consideration. There are other things that have changed in the building codes due to hurricanes that a house that old will not have. They all affect insurance rates. You might inquire about that before taking a new or newer home off your shopping list

[OhioBuckeye]

Replacing a roof probably would cost 10 to $13,000. to have a Patio home roof replaced. I would hate to guess what a Premier Home would cost, guessing I would say $20,000.+. To get a more exact price you would have to ask a building contractor.I have family that live in Harbour Hills & have an approximately a 2500 sq. ft. home he said out of pocket it would cost $22,000.

[JMintzer]

Originally Posted by MrChip72

I've heard more than a few people tell me they were settled on buying a 15-20 year old home between 466 and 466A until they realized the huge difference in what the homes south of 44 are like. The quality of the finishes, the generally bigger homes, and the more modern building materials and appliances make it like a different world almost.

The lady who bought in St Catherine's would beg to differ...

[Bilyclub]

Originally Posted by MrChip72

I've heard more than a few people tell me they were settled on buying a 15-20 year old home between 466 and 466A until they realized the huge difference in what the homes south of 44 are like. The quality of the finishes, the generally bigger homes, and the more modern building materials and appliances make it like a different world almost.

I know more than a few people with houses in St.John that are still trying to get shoddy workmanship fixed at their new houses.

[MrChip72]

Originally Posted by Bilyclub

I know more than a few people with houses in St.John that are still trying to get shoddy workmanship fixed at their new houses.

They don't know about the warranty department? Any issue that I've found has been addressed within 72 hours after calling them. We're kind of picky so we've had at least 12 different contractors come out to correct stuff under the one year warranty.

[Blueblaze]

Originally Posted by OrangeBlossomBaby

So far, no one has answered the question asked. Lake14 came close though. What's missing is the answer to the question: what's the going rate for insurance on an older home with a new roof?

He's not asking for favorite areas.
He's not asking for "best bang for the buck."
He's not asking for tax costs.

I'm unable to answer the question since I live in a manufactured home with a metal roof, so my insurance prices can't compare at all to the prices of a site-built house with a shingle roof.

2004 concrete block Lantana with a 2019 roof, from USAA: $1812/yr with discounts.

When I bought it in 2020, it was $603, from one of those no-name fake Florida insurance companies recommended by the realtor, on the condition that I replace a perfectly serviceable hot water tank (which cost me $1200). The premium went to $1000 the next year, and I was continuously harassed by that insurance company for stupid things, the most recent of which was a demand to explain the reason for a prior (dead) owner's roofing claims. I got fed up and went back to USAA, even though it almost doubled my bill. The fake insurance company even refused to refund the balance of the policy, as they are required to do, by law. I reported them to whatever passes for an insurance commissioner in this state, but of course, never heard back from them.

[Raceone]

My home is a designer Whispering Pine in The Village of St Charles with a little over
1900 SF. built in 2009 with the original roof. My insurance company is Kin and my
Policy includes sinkhole & flood. Premium $2685.