[Bogie Shooter]

Originally Posted by Indy-Guy

I have a couple of thoughts and questions.

1. Under the current bond system does the developer mark up the cost of the infrastructure before it is becomes a bond or is the bond strictly the cost of the infrastructure without being marked up?

2. If the answer to the above question is that only the cost of the infrastructure is passed on as the bond. Then in the Lake County Fruitland Park area of The Villages where the developer is doing the infrastructure through his subcontractors then as a normal business practice the developer will mark-up the infrastructure the same as he would mark up any other construction in the development.

If #2 is correct then the current bond system as we know it may be a better deal.

I don't know the answer to #1 but perhaps someone else may.

The Developer does.

[redwitch]

Bonds are very common in California. First time I heard someone in TV question a bond, I was thoroughly confused. I was under the impression that bonds were common throughout the U.S., at least for new developments. Funny how things we take for granted are so different and strange to others.

[Bonanza]

Originally Posted by janmcn

Definitely. As I recall, designers will start at $500,000 and CYV's at $200,000 plus. The sky is the limit for premier homes. That was the plan when the Fruitland Park section was announced. Of course, it is all subject to change depending on market conditions.

I find it difficult, if not impossible to believe,
that a new designer bare-bones home will be priced beginning at $500,000.

As you "recall?" What is your source of information?

[gomoho]

Bonanza - I recall reading when Fruitland Park was announced designers would start at $500k. I believe the lots will be larger, don't know how bare bones they will be, but since the bond will be included in the price of the home they will definitely be priced higher. Wonder how that will affect resales in the preowned section. They may sound like a better deal at first glance.

[Birdie Dreamer]

Originally Posted by Bonanza

I find it difficult, if not impossible to believe,
that a new designer bare-bones home will be priced beginning at $500,000.

As you "recall?" What is your source of information?

This information was all contained in the Development Project proposal the developer submitted to the Fruitland Park commissioners last fall.

[graciegirl]

Originally Posted by Birdie Dreamer

This information was all contained in the Development Project proposal the developer submitted to the Fruitland Park commissioners last fall.

Since the cost of the bond is currently now about $24,000 on new designers now offered for sale , I would guess that it won't be much more. Perhaps the cost of the land from the dairy was greater than had been previously paid for land. I know a lot of owners adjacent to The Villages must have been waiting to sell their land at very high prices.


We will wait and see. Watching it all unfold gives us a front seat to history and I find it very interesting. The Morses are smart cookies. And we are smart people to live here.

[tekcormn]

Originally Posted by janmcn

You might add that any home in Lake County does not have a bond. Lake County does not allows these type of bonds, therefore the new villages in the Fruitland Park town limits will not have bonds attached.

how do I find out about these NEW homes with no bonds in Fruitland PArk ?
Have they started builing yet ? Is it a nice Village and close to all activities and interests ???? Thanks !

[janmcn]

Originally Posted by tekcormn

how do I find out about these NEW homes with no bonds in Fruitland PArk ?
Have they started builing yet ? Is it a nice Village and close to all activities and interests ???? Thanks !

Fruitland villages - Development Started


Here is one of many threads about the Fruitland Park development. As I recall, the first homes will be available in the fall of 2014. Because there are no infrastructure bonds allowed in Lake county, the prices of the homes will include those costs. Designer homes will start at $500,000, and CVY's will be in the $200,000 plus range.

You can search for other threads on this subject by typing in Fruitland Park on the search drop down at the top of the page.

[Jdmiata]

I always thought this was a Villages marketing ploy to make the home seem cheaper than it actually is.

[Bogie Shooter]

Originally Posted by Jdmiata

I always thought this was a Villages marketing ploy to make the home seem cheaper than it actually is.

If thats the way you want to look at it. Most of us looked at the total package.

[rubicon]

The cost of infrastructure, the cost of land and the cost of the house are listed separately.

It seems to me anyone with business sense would analyze this practice. This doesn't mean anything is wrong with this practice but I can see how some folks could get distracted as to their total costs

[OBXNana]

It's simple math. You add the cost of the home, plus the cost of the bond. That equals the total cost of the home. We knew upfront with every property we looked at what the two costs would be if we were to purchase. It isn't a ploy when a second grader can add the two numbers to come up with a total.

[Bonanza]

Originally Posted by gomoho

Bonanza - I recall reading when Fruitland Park was announced designers would start at $500k. I believe the lots will be larger, don't know how bare bones they will be, but since the bond will be included in the price of the home they will definitely be priced higher. Wonder how that will affect resales in the preowned section. They may sound like a better deal at first glance.

Originally Posted by Birdie Dreamer

This information was all contained in the Development Project proposal the developer submitted to the Fruitland Park commissioners last fall.

Originally Posted by janmcn

Fruitland villages - Development Started


Here is one of many threads about the Fruitland Park development. As I recall, the first homes will be available in the fall of 2014. Because there are no infrastructure bonds allowed in Lake county, the prices of the homes will include those costs. Designer homes will start at $500,000, and CVY's will be in the $200,000 plus range.

You can search for other threads on this subject by typing in Fruitland Park on the search drop down at the top of the page.

With the additional information provided,
it makes the higher price make more sense.
At $500,000 as a base price for a designer house,
these new Villagers will need deeper pockets.

I also think that this will make the existing designer homes
more desirable -- hence higher prices.
We'll have to wait and see; time will tell.

[2BNTV]

Here is the way, I see it:

1. New home will automatically come with, bond payments.

2. Pre-existing homes can have no bond, very little bond, or are still paying their bond.

As my uncle used to say, "first you see what you like and then buy what you can afford".

3. You must own the house, and not have the house owned you!!!! If the bond puts you in a position with strained finances, then look for a more affordable home.

4. the only place on earth where you live like a miiliionaire, at not millioaire prices. IMHO

I wouldn't let the bond, stop me from enjoying this great place, called TV.

[ssmith]

...I specificly asked this question of a realtor and he did confirm that basic designers would begin at $500,000 cost.