My dilema--Rent, co-own or?

My dilema--Rent, co-own or?

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  #11  
Old 10-10-2019, 07:39 AM
jcraycraft jcraycraft is offline
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  #12  
Old 10-10-2019, 07:49 AM
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  #13  
Old 10-10-2019, 08:40 AM
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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!
Agree with the above post. Cost of renting during busy season at least as much as cost of owning and it's great to have your own place, with your own stuff there, kept the way you like it, with the ability to come and go as you please. Before buying we rented several times during the shoulder seasons and determined where we wanted to live and what to look for in a property. I haven't heard of people co-owning, but sounds way to complicated and too many potential issues. I am pretty sure that only two deeded homeowners are allowed to have resident ID's, which can be temporarily turned in, for a fee, so that renters of the property can get the use of the resident ID's.
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Old 10-10-2019, 09:26 AM
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Agree with the above post. Cost of renting during busy season at least as much as cost of owning and it's great to have your own place, with your own stuff there, kept the way you like it, with the ability to come and go as you please. Before buying we rented several times during the shoulder seasons and determined where we wanted to live and what to look for in a property. I haven't heard of people co-owning, but sounds way to complicated and too many potential issues. I am pretty sure that only two deeded homeowners are allowed to have resident ID's, which can be temporarily turned in, for a fee, so that renters of the property can get the use of the resident ID's.
We rented for five years with another couple who have been longtime friends. In that time we never had a contentious disagreement and enjoyed doing things together, he and I golf and pickleball, the ladies Zumba and yoga. We looked at homes during that time to buy as co-owners. We checked with TV and were assured that up to four owners on the title would qualify for resident IDs. The complications would be primarily in the case of a death, or a change of mind by one of the couples. This could be addressed with a legal buy-sell agreement, specifying the terms under which those complications would be addressed. (I am a CLU/ChFC with 25 years in financial services) We ultimately decided to buy individually and currently own homes in Sanibel, about three blocks from one another. If you can be relatively certain you can get along extremely well with the other party, co-ownership can offer some advantages - sharing the cost of buying - sharing the costs of maintenance - sharing the taxes, utilities, amenity fees etc.
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  #15  
Old 10-10-2019, 11:17 AM
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This site might be of interest VH4R Home Rentals in The Villages

I would start out renting.

I would not want the problems of being a landlord espically in a house I was going to live in part time.
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  #16  
Old 10-11-2019, 07:01 AM
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  #17  
Old 10-11-2019, 11:43 AM
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Not at all
The replies have been geared toward whether to buy or rent based on the Title of my thread which can be mis-leading
My dilemma per the thread itself was a choice between buying a home and then renting out when we're not there or trying to find a compatible co-owner and avoid the renting hassles
That's why I asked to close the thread
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Old 10-12-2019, 06:40 AM
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Not at all
The replies have been geared toward whether to buy or rent based on the Title of my thread which can be mis-leading
My dilemma per the thread itself was a choice between buying a home and then renting out when we're not there or trying to find a compatible co-owner and avoid the renting hassles
That's why I asked to close the thread
Sorry. I would never rent or share my home. Don't really like strangers using my things or sleeping in my bed. Co-owning could be lots of potential trouble.
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  #19  
Old 10-12-2019, 07:02 AM
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Originally Posted by jcraycraft View Post
Not at all
The replies have been geared toward whether to buy or rent based on the Title of my thread which can be mis-leading
My dilemma per the thread itself was a choice between buying a home and then renting out when we're not there or trying to find a compatible co-owner and avoid the renting hassles
That's why I asked to close the thread
Speak to you financial advisor, if you mortgage a home with someone else, and they do not pay you would need to fix it. Even best friends or relative could be a nightmare or best thing ever.
We had best friends who wanted to do just that, we wanted to pay cash at last minute they needed a mortgage. We chose to buy on our own. I would buy the home myself and rent it, that way you have total control and no worries.
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  #20  
Old 10-12-2019, 07:09 AM
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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
We have a house in the Village of DelMar that we have owned for 3 years. It is mainly a rental, but we spend a couple of months in the winter. It has been a good investment, but we are ready to move on.
We will be there Feb and March 2020. Already rented for April, but we will be putting it on the market and house will be available May 1, 2020.
The property is on the Chula Vista Golf Course and will be a turn key.
If you have an interest please feel free to text Jean 585 694 3279. Would love to sell without a realtor.
If you would like to see photos and detail please go to
VillagersHomes4Rent.com...property# 5160
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