[jtdraig]

Does anyone know the cost per square foot of replacing a block/stucco house in The Villages? I think there is one figure for space under air and another for lanai, garage, etc.

If anyone can point me to someone who knows I would be greatful. I am trying to see if my insurance house replacement cost is somewhere near correct.

Thank you.

[The Villages Specialist]

Current prowned home sales are running around 125-135 per sq ft. Entire home... Standard lot

[jtdraig]

Thanks, Lyle!

[SteveFromNY]

Originally Posted by The Villages Specialist

Current prowned home sales are running around 125-135 per sq ft. Entire home... Standard lot

Sounds like that quote includes the price of the land, no? If you're re-building you already own the land, so the price per ft should be lower I think.

[BobKat1]

Originally Posted by SteveFromNY

Sounds like that quote includes the price of the land, no? If you're re-building you already own the land, so the price per ft should be lower I think.

I believe you are correct. In the event of a fire, storm etc., the land remains in tact and only the structure and possibly contents need repair or replacement.

[SteveFromNY]

Originally Posted by BobKat1

I believe you are correct. In the event of a fire, storm etc., the land remains in tact and only the structure and possibly contents need repair or replacement.

That's precisely the reason your homeowner's insurance concentrates on the cost of re-building and typically ignores the value of the land. In other words, a house that cost $150K to build on a $100K lot would cost $250 to buy, but you only need $150K insurance because the land doesn't get destroyed if the house does.

All that still doesn't help to get to the replacement cost being looked for in the thread. I'm curious as well as to the actual building cost.

[BobKat1]

Is affordable homeowners insurance readily available for TV homes?

Aren't a few of the big companies not currrently writing new policies in FL?

[chuckinca]

Getting Home Owner's Ins in TV is usually not a problem. Got ours thru the AAA office near Perkins on 441.


(GO Rockets!).



.

[Ooper]

Typically they will not include the cost of the slab either. From what I understand, policies are for a replacement house of the exact same model so the slab will already be there.

[GMONEY]

Removed

[Army Guy]

Believe it or not, our insurance at TV with a much lower deductable is LESS then our home in Alabama. We went through USAA which has several companies underwriting them in FL.

Army Guy

[784caroline]

Army Guy

Your current USAA Florida home deductible in TV for HURRICANE or Wind damage is most likely 2% ...... I dont find that cheap but then I did not live in Alabama either! Was it 3% in Alabama or more!!

In 2007, USAA stopped writing Florida 2nd home policies unless you were active duty stationed in Florida. Primary home owner policies are still being written and policies written before USAA announced its new underwritting guidlelines are grandfathered.

[Army Guy]

Caroline, in Alabama we have no hurricane deductables. My standard deduction is $2500 and $500 at TV. My cost is $417 in TV and $560 in AL.
I guess I think it is cheap when I hear all the stories about people in FL having trouble getting insurance.

Army Guy

[jtdraig]

Actually, you are all correct. Insurance Companies sell replacement policies for the structure so the slab and the ground are not in those numbers. The question remains (although Lyle gave a good response) what is the per sq foot replacement costs for a designer home.

[ijusluvit]

Hey Guys,

Did you notice our new member who posted the first reply above? That's right. We've bagged another expert, (which in TOTV terms means somebody who actually knows what they are talking about instead of those of us who just say what we think).

So, a very cordial welcome to Lyle Gant, an area realtor. While we have never met, like many other TV'rs, I've consulted his website many times. I think it might have more info about TV properties than the official Villages website.

Lyle: hang around. There will be lots of questions. And again, welcome to TOTV!