Hello Frank, Happy New Year and glad to see you again. Great information and good luck finding another home. There's a lot of things to think about before buying a house in TV. Yes you are right about the bond and it's hard to know if you should pay it off or not.
Thank you for your videos. The information you provide is great. You are one of the best ones giving information. Your opinion on most of the surrounding area like the prison and power lines is great also. our cart rides are awesome. Keep up the great posts. Have a great day
Thank you Frank for a good, informative video. In addition to the bond, new home owners need to purchase a washer and dryer, ceiling fans, medicine cabinets for the bathrooms and if they think they'll need it, a sink either in the laundry room or garage, and some type of window coverings because most of the newer homes no longer come with blinds. This can really jack up the price.
This is very true, the subject matter of them no longer putting in window treatments and ceiling fans was for another sermon. But you are correct the builders are getting cheaper and doing less to the homes because they claim that people just take them out and throw them away anyway.
Wow, I didn't know they no longer provide blinds or ceiling fans, I bought 3 years ago and my home had blinds for every window and also for the sliding doors to the lanai. Also, I have a ceiling fan in the living room and in each of the 3 bedrooms and medicine cabinets in both bathrooms. Bonds are usually 4-5% interest but the actual bonds vary widely as I see the homes in the new exclusive Enclave are over $75k and my bond was only $17k!
Some people believe moving to TV is like moving to Eden and forget to do their due diligence like they would if it were not TV. In our experience with a TV agent they did not disclose that there was a highway behind a piece of land we were going to buy, the villages map didn’t show it & we were not there to see for ourselves. Luckily we didn’t buy it. Thanks for this video Frank, I know it’s not what you normally post but it is a great video.
Great video! Really appreciate your perspective. I spent the last 2 years "doing my homework" researching EVERYTHING about the Villages and checking out different neighborhoods every time I visited my friends down there. We got our perfect spot in Well Point due to all the research and youtube videos I watched! Closing in February and can't wait to be there!
I'm in Moultrie Creek and my bond is over $44K Still plenty of houses for sale here, I think I counted 25 or 26, and they are still building in Shady Brook.
The Bond, homeowners' insurance, roof every 15 years, interest rates, inflated pricing and property taxes all have to be considered in retirement. The Villages was an amazing value for either a primary or second home just four years ago, sadly the market now must correct back to 2021 levels to be a value again.
I absolutely HATE the Bonds (the cost and the concept, for several reasons) but that's how it is in FL. Consequently, I'd try to find a house w/o one (meaning, the Bond is already paid-off)...which would likely be the northern half of The Villages. Some home-owners pay the bond off quickly but I'm guessing most just make the minimum monthly payments so there's likely some Bond remaining, unless the house is "quite old" (relatively speaking) where it's likely been paid off even at said minimum monthly pay'ts. So it's hard to predict if a given house does or does not have a bond unless it's stated, as one certainly can't look at the house and tell! ;-) -- BR
But that is just great examples of things that people need to be aware about when looking to purchase here. There must be a reason why the developer does what they do and the way they do it as to those reasons I really wouldn’t know.
@@retiringtothevillagesflori197 Bonds allow developers to hit a house buyer twice (double-dip if you will), so yeah, they LOVE these CDD Bonds. ;-) -- BR
@@retiringtothevillagesflori197 Yes, and that's one reason I'd be seeking an very good/knowledgeable agent to help me navigate it all, as I wouldn't want to do it alone. But then I'd do that anyway, no matter where I was buying a house. ;-) Thanks, -- BR
Many years ago in another state I had a new home with a development bond the city attached to my annual taxes. TV is not unique in using bonds. That said I think builders need to charge a price that includes those development costs. It seems like a flim flam operation to say a home is advertised at $350k but then attach a $40k bond later in which is more or less a second mortgage payment. I think it's time for all listings to state any outstanding bond balances so potential buyers understand the total cost of a home. Also you state new homes are cheaper. Don't forget a lot of expenses will come up with landscaping, painting, window treatments like shutters, maybe sola tubes, some new homes don't even have gutters which seems nuts. You pretty much get a bare white interior. There are pros and cons to new or used.
Yes, there are always tradeoffs -- in everything and everywhere. You just have to get as many positives you can and be able to tolerate living with the remaining negatives. -- BR
Yes, that is true and all but when you buy a pre-owned home you’re paying for that markup, so if a brand new home in the Villages runs 325 and you buy that same model five years earlier that house has gone up to 369 for an example. And after having my landscaping done and all that stuff which my house came with all the fixtures on the mini blinds and all that when they used to put all of the features in you’re not gonna spend $40,000 on ceiling fans and window treatments, but you are correct in the new homes do have extra charges That the preowned home may not have
Anyone buying now in the Villages preowned or new the amenity fee is now $199. You didn't mention the CDD cost that is on the Tax bill that pays for the maintenance of the infrastructure. Also your tax millage rate is different for each county with Sumter being the lowest. Same house just different county but still in the Villages can be up to $2K more. There also can be assessments added to the the CDD or a one time that will bring up your monthly costs besides increases in utilities.
You are correct, the CDD keen to mine, but I really wasn’t trying to be overly detailed, I was basically trying to be just more general to few of the obvious costs but yes, you’re right. There are more specific details and things that people need to know about that can and will affect the cost overall.
Utilities & property tax AND home insurance increases aren't exclusive to The Villages so those are a wash. Even the Amenity Fee has an equivalent elsewhere in the country -- an HOA or Covenant fee. As for the CDD fee -- we don't have that legalized highway robbery out "west." ;-) Whatever, one bit of Good News is if you're a 100% disabled veteran, you get a 100% property tax exemption (just like TX). For THOSE home-buyers, that sure helps reduce the add-ons that jack up one's monthly house pay't considerably. -- BR
Great video, Frank. Thanks for doing what you do!
Thanks so much for the kind words!
That bond cost would build a nice sun room in the north East
Yep, it sure could !
Hello Frank, Happy New Year and glad to see you again. Great information and good luck finding another home. There's a lot of things to think about before buying a house in TV. Yes you are right about the bond and it's hard to know if you should pay it off or not.
It’s a tough call and I’ve been wrestling with that very issue myself.
Thank you for your videos. The information you provide is great. You are one of the best ones giving information. Your opinion on most of the surrounding area like the prison and power lines is great also. our cart rides are awesome. Keep up the great posts. Have a great day
Thank you so much for the kind words!
Thank you Frank for a good, informative video. In addition to the bond, new home owners need to purchase a washer and dryer, ceiling fans, medicine cabinets for the bathrooms and if they think they'll need it, a sink either in the laundry room or garage, and some type of window coverings because most of the newer homes no longer come with blinds. This can really jack up the price.
This is very true, the subject matter of them no longer putting in window treatments and ceiling fans was for another sermon. But you are correct the builders are getting cheaper and doing less to the homes because they claim that people just take them out and throw them away anyway.
Wow, I didn't know they no longer provide blinds or ceiling fans, I bought 3 years ago and my home had blinds for every window and also for the sliding doors to the lanai. Also, I have a ceiling fan in the living room and in each of the 3 bedrooms and medicine cabinets in both bathrooms.
Bonds are usually 4-5% interest but the actual bonds vary widely as I see the homes in the new exclusive Enclave are over $75k and my bond was only $17k!
Some people believe moving to TV is like moving to Eden and forget to do their due diligence like they would if it were not TV. In our experience with a TV agent they did not disclose that there was a highway behind a piece of land we were going to buy, the villages map didn’t show it & we were not there to see for ourselves. Luckily we didn’t buy it. Thanks for this video Frank, I know it’s not what you normally post but it is a great video.
Thank you so much !
Thanks Frank …. Better to know now then find out after - that’s for sure!!!
Absolutely! It’s good to be prepared!
Great video! Really appreciate your perspective. I spent the last 2 years "doing my homework" researching EVERYTHING about the Villages and checking out different neighborhoods every time I visited my friends down there. We got our perfect spot in Well Point due to all the research and youtube videos I watched! Closing in February and can't wait to be there!
Congratulations, you are going to love it there!
I'm in Moultrie Creek and my bond is over $44K Still plenty of houses for sale here, I think I counted 25 or 26, and they are still building in Shady Brook.
Yep, they sure are and they’re going to continue building out that way for a long time to come!
The Bond, homeowners' insurance, roof every 15 years, interest rates, inflated pricing and property taxes all have to be considered in retirement. The Villages was an amazing value for either a primary or second home just four years ago, sadly the market now must correct back to 2021 levels to be a value again.
It's definitely a different market now. Thanks for watching
I absolutely HATE the Bonds (the cost and the concept, for several reasons) but that's how it is in FL. Consequently, I'd try to find a house w/o one (meaning, the Bond is already paid-off)...which would likely be the northern half of The Villages.
Some home-owners pay the bond off quickly but I'm guessing most just make the minimum monthly payments so there's likely some Bond remaining, unless the house is "quite old" (relatively speaking) where it's likely been paid off even at said minimum monthly pay'ts. So it's hard to predict if a given house does or does not have a bond unless it's stated, as one certainly can't look at the house and tell! ;-)
-- BR
But that is just great examples of things that people need to be aware about when looking to purchase here. There must be a reason why the developer does what they do and the way they do it as to those reasons I really wouldn’t know.
@@retiringtothevillagesflori197 Bonds allow developers to hit a house buyer twice (double-dip if you will), so yeah, they LOVE these CDD Bonds. ;-)
-- BR
@@retiringtothevillagesflori197 Yes, and that's one reason I'd be seeking an very good/knowledgeable agent to help me navigate it all, as I wouldn't want to do it alone. But then I'd do that anyway, no matter where I was buying a house. ;-)
Thanks,
-- BR
Many years ago in another state I had a new home with a development bond the city attached to my annual taxes. TV is not unique in using bonds. That said I think builders need to charge a price that includes those development costs. It seems like a flim flam operation to say a home is advertised at $350k but then attach a $40k bond later in which is more or less a second mortgage payment. I think it's time for all listings to state any outstanding bond balances so potential buyers understand the total cost of a home. Also you state new homes are cheaper. Don't forget a lot of expenses will come up with landscaping, painting, window treatments like shutters, maybe sola tubes, some new homes don't even have gutters which seems nuts. You pretty much get a bare white interior. There are pros and cons to new or used.
Yes, there are always tradeoffs -- in everything and everywhere. You just have to get as many positives you can and be able to tolerate living with the remaining negatives.
-- BR
Yes, that is true and all but when you buy a pre-owned home you’re paying for that markup, so if a brand new home in the Villages runs 325 and you buy that same model five years earlier that house has gone up to 369 for an example. And after having my landscaping done and all that stuff which my house came with all the fixtures on the mini blinds and all that when they used to put all of the features in you’re not gonna spend $40,000 on ceiling fans and window treatments, but you are correct in the new homes do have extra charges That the preowned home may not have
Anyone buying now in the Villages preowned or new the amenity fee is now $199. You didn't mention the CDD cost that is on the Tax bill that pays for the maintenance of the infrastructure. Also your tax millage rate is different for each county with Sumter being the lowest. Same house just different county but still in the Villages can be up to $2K more. There also can be assessments added to the the CDD or a one time that will bring up your monthly costs besides increases in utilities.
You are correct, the CDD keen to mine, but I really wasn’t trying to be overly detailed, I was basically trying to be just more general to few of the obvious costs but yes, you’re right. There are more specific details and things that people need to know about that can and will affect the cost overall.
Utilities & property tax AND home insurance increases aren't exclusive to The Villages so those are a wash. Even the Amenity Fee has an equivalent elsewhere in the country -- an HOA or Covenant fee.
As for the CDD fee -- we don't have that legalized highway robbery out "west." ;-)
Whatever, one bit of Good News is if you're a 100% disabled veteran, you get a 100% property tax exemption (just like TX). For THOSE home-buyers, that sure helps reduce the add-ons that jack up one's monthly house pay't considerably.
-- BR