Quote:
Originally Posted by justjim
Now that the impact fees have been settled and increases capped at 12.5% a year do you you suppose the price of new homes in The Villages will go down in price? As I remembered the Village Developer offered a 40% increase.
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The Villages Daily Sun scared its readers with the phrase “75% increase in road impact fees” that was to take effect on June 28. The 75% road impact fee increase on a single-family home was a $2000 increase. The impact fee is paid by the home builder when the building permit is issued and is then added to the price of the home. Assuming that the home builder does not make a profit on the $2000 impact fee increase, the price of a $200,000 home increases by 1%. Assuming that the home buyer has a 3% 32-year mortgage, a $2000 increase results in an increase of $5 in monthly payments.