Quote:
Originally Posted by billlaur
could someone explain itand how it works, t.y.
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The bond is simply a cost for the infrastructure, the roads, swimming pools, tennis courts, and pool tables that is not added to the cost of your home like it is up north.
For instance. If you buy a designer that costs about $220,000, then the bond is about $20,000, For a smaller villa, or a ranch it would be less and for a larger designer or a premier it would be more.
On new houses you have the full bond, the full cost. On some older homes it has been paid down on paid off. You can choose to pay it off completely or to make payments over a period of time.
So if you think that a Camellia which is about 2000 square feet actual cost is $240K rather than $220K than it is easier to figure out.