Quote:
Originally Posted by Robnlaura
Certainly it’s really feasible when you can buy 18 acres from leesburg for example In 2021, the city approved the sale of an additional 18 acres to The Villages for $366,800, each acre can handle 4 homes (.25) add the $40k impact fee at 5% interest that alone is over $100k x 4 for 20 years.. just don’t tell anyone its a HOA fee and everyone will believe you.
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The $40k has nothing to do with an HOA. Every state I've ever lived in required developers to install infrastructure (roads, water, sewer, electric, etc.) for a development. That USUALLY gets factored/added into the base price of the house. In TV, it is debt attached to the land that you don't have to finance or pay up front. One way or another, EVERY homeowner always pays the cost of the infrastructure. Here it's just split out into a bond. I prefer this way, since I don't need to pay up front for it.