My dilema--Rent, co-own or?

My dilema--Rent, co-own or?

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My dilema--Rent, co-own or?
  #1  
Old 10-09-2019, 08:19 PM
jcraycraft jcraycraft is offline
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Question My dilema--Rent, co-own or?

Newbie here--Recently visited TV and liked what we saw.
Grandchildren live in multiple locations so our situation would probably be to live in TV part-time and live near family part-time.
So my dilema is:
Purchase and rent out the time we're not there. We would probaly
live in TV 5-6 months but no more than 2 months at a time.
Or are there any co-owned houses in TV where the owners share the time and thus avoid the hassles of renting
If there is another idea out there I'd welcome it also
Thanks in advance for any replies
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part time
  #2  
Old 10-09-2019, 09:00 PM
valuemkt valuemkt is offline
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be happy to rent you a great designer for april may in a desirable location
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  #3  
Old 10-09-2019, 09:54 PM
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Depends on when you want to live here. You might want to rent for the two months at a time until you are sure of future plans. If you avoid high season, renting is reasonable
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Old 10-10-2019, 04:16 AM
Two Bills Two Bills is offline
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Wife and I have been renting in TV for 20+ years.
We looked into owning real hard, and came to the conclusion, that paying for the upkeep, taxes, fees etc on two houses was a financial non starter.
Renting monthly in the 'off' season is real cheap, and in the high season, reasonable, considering the facilities.
We are definitely in front financialy, but if we were allowed to stay in US for more than 6 months, we would purchase in TV, and rent in UK in reverse to our present arrangement.

Just my inane opinion!
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Old 10-10-2019, 05:27 AM
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Rent for a couple months and decide where you want to live.


If you rent for 5-6 months per year (during season), you in effect paid for a house for a year. And you have lost market value appreciation.


Good Luck.
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Old 10-10-2019, 05:41 AM
Northerner52 Northerner52 is offline
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When I made two lists on the costs of renting vs owning it was equal. I bought and made a nice profit on the house I bought in Pine Ridge the 30 months I owned it. Now an owner in Marsh Bend. On average homes appreciate 6%, 1% more than the average.
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Old 10-10-2019, 06:02 AM
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Quote:
Originally Posted by Northerner52 View Post
When I made two lists on the costs of renting vs owning it was equal. I bought and made a nice profit on the house I bought in Pine Ridge the 30 months I owned it. Now an owner in Marsh Bend. On average homes appreciate 6%, 1% more than the average.



In our neighborhood, Zillow pricing has been very close to reality. (as a reference point for review) Neighbor homes have been selling with over 10% appreciation per year for the last six years.


Past does not predict future.
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Old 10-10-2019, 06:13 AM
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go online and see if there are any opportunities for house sitting. usually you have to watch someones dog or cat while they travel
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  #9  
Old 10-10-2019, 06:39 AM
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Quote:
Originally Posted by jcraycraft View Post
Newbie here--Recently visited TV and liked what we saw.
Grandchildren live in multiple locations so our situation would probably be to live in TV part-time and live near family part-time.
So my dilema is:
Purchase and rent out the time we're not there. We would probaly
live in TV 5-6 months but no more than 2 months at a time.
Or are there any co-owned houses in TV where the owners share the time and thus avoid the hassles of renting
If there is another idea out there I'd welcome it also
Thanks in advance for any replies
Eschew complicated entanglements(co-Ownership). It is fraught with problems. Don't buy until you know TV better. Rent for several periods over a year or two.
Find out what , where you like to be and style of home that really fits your family. Really no reason to rush.
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Old 10-10-2019, 07:29 AM
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Bay Kid Bay Kid is offline
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I rented 1st. Then I found a nice, affordable home in a nice neighborhood. Come and go as I please. All of my things (golf carts and clubs, tennis and pickleball paddles, cloths, etc.) are here ready to use with a short flight. Great for friends and family to come visit. My grandchildren keep their "village things" w/me. My own private family resort. The cost for me for the whole year is about the same as renting Jan./Feb. months and it is all mine!
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