Talk of The Villages Florida - View Single Post - Bond on new construction
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Old 03-02-2010, 08:58 PM
Indy-Guy Indy-Guy is offline
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Quote:
Originally Posted by kfierle View Post
When I purchased my home in December 2008, my sales rep told me the bond was based on the density of the neighborhood.
This is correct. An area of villas would pay the same amout on each villa. Example The bond on a Mangrove Patio Villa is $11,591.00 Lets say there are 100 villas in this area $1,159,100.00for that area. If the same ground area had say 50 designer home then the $1,159,100.00 would be devided by 50 residences or $23,182.00 per residence. Or 25 premier homes at $46,364.00
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