Talk of The Villages Florida - View Single Post - What is your bond payment?
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Old 11-13-2024, 07:48 AM
TheWarriors TheWarriors is offline
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Quote:
Originally Posted by Goldwingnut View Post
NO! NO! NO!
The price of the house has nothing to do with the bond amount. It is based on the cost per acre for the area of development times the number of acres in a subdivision divided by the number of homes in the subdivision. The cost of the home has no impact on the amount of the bond.
But by dividing up the areas into sections, the less expensive homes have less expensive bonds. Courtyard Villas being a prime example of more homes squeezed into smaller areas to average their bond costs. Otherwise why not just charge per rooftop over a much larger area like an entire Village. So I do think the cost of a home plays a significant part in the bond you will pay as well as the space you will have to enjoy.