Villages of Columbus - Columbus Grove - Madison

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<p>Those are nice plans. The plan 3 is good too... </p>

<p>It's the mello roos that kill there, well, and maybe the crazy association and their tow-truck driver buddies. Well, then there are also the poisons/toxins in the soil. Those are value killers too.</p>
 
I am new to this blog, and am looking to maybe rent one fo the homes in Columbus Grove. There are homes for lease, for example, on 22 and 42 Desert Willow. I am worried that these owners have their properties under water and may take the rent money and let the properties go into foreclosure. Any comments on what has been happening in this area? Any suggestions? Would love to hear from people "in the know" in that area! (I think it is "Alexandria")
 
<p>There have been a number of foreclosures in Alexandria mcoates. It was an unfortunate peak bubble development and everyone there is $200-300K below purchase price already... 28 and 41 Desert Willow along with one on Juneberry have already gone back to the bank. 30 Desert Willow recently got their Notice of Default.</p>

<p>If you rent there, I'd suggest you have your realtor or a realtor run a mortgage data report to see how much equity the owner has in the property. If they came with 0-10% down, IMO you should stay away from them if you don't want the disruption of a move due to foreclosure. </p>
 
<p>mcoates - There are other threads that discuss renting privately owned properties in this market and I recommend searching for them. In general, it is very rare for the rental income to cover the carrying costs of anything purchased in the last few years. I highly recommend staying away from this kind of rental as the owner is likely underwater and is new to the landlord game. </p>

<p>If you want to rent a house, I say look in the older neighborhoods and try to gauge how long the owner has been renting the house for. Even that isn't fail proof as the owner could have used the house as an ATM and taken out a ton of money. </p>
 
I?m about 2 months away from closing on a KB Home in Madison, Columbus Grove (Tustin). I?ve had luke warm experience with them so far. Has anyone delt with any issues on your KB Home in the same community? Any pipe leaks, design flaws, improper window seals, roof leaks, etc. stories? Anything I should watch out for during closing? Upgrade issues? What was promised as standard not being delivered? Any info or your experience with your new home will be greatly appreciated
 
We bought a KB Madison home. We moved in last year around November. We will be neighbors. As for the KB sales people, definitely not a friend bunch of folks. So far, we only have minor issues and they we quick on fixing them. The only thing that took a while was the wood flooring, that took around 1 month to fix. When you buy new homes, they give you 1 year of warranty. They will come by and fix anything that is broken in the house. So far, they fixed the wood flooring, carpet in one of the room came up slightly, one of the gas range didn't fire up, a few electrical outlet was out, the garage door wouldn't close, and one of the tile in the downstair bath was cracked. They come and fix everything. We just give them our keys, and they come in, fixes it and leave. Oh yeah, the pan under the A/C unit was overflowing. This is one benefit of buying a new home, if anything goes wrong, it get fixed for free for one year. Therefore, when you have your walk thru when the house is built, you don't have to worry about catching everything. They will come and fix it.



My advice to you is don't do the wood flooring through the design center. It's cheaper to do it afterward. When picking options, think about things that are hard to do afterward. Countertops, electrical, and things like that. Good luck.
 
[quote author="slamdunk73" date=1222306545]We bought a KB Madison home. We moved in last year around November. We will be neighbors. As for the KB sales people, definitely not a friend bunch of folks. So far, we only have minor issues and they we quick on fixing them. The only thing that took a while was the wood flooring, that took around 1 month to fix. When you buy new homes, they give you 1 year of warranty. They will come by and fix anything that is broken in the house. So far, they fixed the wood flooring, carpet in one of the room came up slightly, one of the gas range didn't fire up, a few electrical outlet was out, the garage door wouldn't close, and one of the tile in the downstair bath was cracked. They come and fix everything. We just give them our keys, and they come in, fixes it and leave. Oh yeah, the pan under the A/C unit was overflowing. This is one benefit of buying a new home, if anything goes wrong, it get fixed for free for one year. Therefore, when you have your walk thru when the house is built, you don't have to worry about catching everything. They will come and fix it.



My advice to you is don't do the wood flooring through the design center. It's cheaper to do it afterward. When picking options, think about things that are hard to do afterward. Countertops, electrical, and things like that. Good luck.</blockquote>


Sounds like you were a phase 2 buyer on Mosscreek, or maybe phase 3 on Camilia... What plan did you get? Care to share your price? I amazed they still haven't unloaded the plan 2 that backs to Harvard from phase 1. It's list price is down to $831K. I remember when it was listed up near $950K...
 
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