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I would tread very carefully if purchasing to live in for only 3-5 years. 5 years I think you will be safe, but 3 is a gamble. The townhomes at Waterford Lakes (Waterford Villas I'm assuming) can actually be purchased with monthly costs less than renting them may be though (I own a property in there).
Being as you are relocating from elsewhere, be sure to at least get to know the area's before buying first so that you are comfortable with your purchase. Renting short term month to month at an apartment complex may be your best bet if you are sure you are purchasing, or you may just be comfortable spending a few days touring the place with a friend and/or an agent that can point out the +'s and -'s of area's.
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