Quote:
Originally Posted by Nevinator
Has the bond amount been increased to $50k? The last I heard it was $30k. I’m planning on purchasing a lot within the next 60 days and if this fee has increased that will factor into my decision as to whether to buy new or used. Thanks.
|
The bond is specific for a specific set section of houses, so is not one set price for a length of time (ie: Its not $40k for the month of September, etc.). The cost of the bond is correlated to the cost of the land prep, so houses across from each other could have a different bond. For example, my house is on a preserve next to a wall where the house across from me is an interior lot. My bond is higher than his. The second variable to the bond price is the interest rate. This is generally the same for a village.
For example, compare the bonds for my CDD:
Amortization Schedules - Sumter