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Originally Posted by raisingJB
I am currently considering purchasing a home in TV but I would only live there during the winter and spend summers in my current home. While it is fairly easy to calculate the cost of purchasing a home I would like to hear some input on the cost of maintaining the home during the 6-8 months that I am not there.
Thank you for your thoughts.
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We own a rental villa in the village of Richmond. I keep detailed records. Annual expenses run about $14k. Includes taxes, bond, amenities, utilities, insurance, internet with streaming tv, and yard maintenance. It does not include a mortgage or a pool. It also doesn't include increased utility cost caused by the renters. The $14k is close to what it would cost if it sat vacant all year. I agree with the person who said that prices of everything are rising, even faster than inflation, so you might want to add some for future estimates. Bond payments vary greatly. You can view them somewhere on the CDD website. Your realtor should be able to provide the bond info by area.