Quote:
Originally Posted by WiscoDogsDad
HOWDY!
My plan is to be a Villages home owner by the end of next summer. I'm a planner.
I have a spreadsheet started, for estimated/budgeted costs of maintaining the home....this spreadsheet is ONLY about the house...not food, not clothing, not entertainment/lifestyle.
It is...as far as I know...fairly comprehensive as it's been compiled with the help of my ten-year Villages veterans....my parents.
If you were blindsided by any monthly home costs, I would appreciate your insight.
You have my appreciation, in advance.
|
Three that I can think of:
1. Homeowners insurance. Mine was initially lower but, as everyone knows, it has increased recently. That would be something for you to watch out for.
2. Property tax (at least for pre-owned homes). The year you purchase your home you will pay tax based on the previous owner's assessments and exemptions. The next year those will reset to your purchase price (which will be higher) and your exemptions (which will be lower). This could result in a significant jump in property tax.
3. Amenity fee. The fee that the current owner is paying is likely less than the fee that you will pay. Their fee was established when they purchased the home and has increased steadily since. It is likely that it has not increased to be the same amount as the current fee set when the home changes hands. For example, they may be paying $170/month while yours might be set at $195. Not a showstopper but maybe an unexpected adjustment.