Talk of The Villages Florida - View Single Post - Bond Payment
Thread: Bond Payment
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Old 05-21-2011, 07:22 AM
Ohiogirl Ohiogirl is offline
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Quote:
Originally Posted by getdul981 View Post
The way I understand it is before the first house is built in any village, the builders go in and put in the streets, underground utilities, mail boxes, community center and anything else that is not a home. After they get that all done, they take the total cost of the construction and divide it equally among the homes to be built, and that will be your bond. Or at least something close to this.
It's not divided "equally." Depends on the density of the type of section - e.g., premiers have the largest lots - all premiers in the new District (not done by Village, but District) will have the same bond, Designers will have the next most expensive, etc.

In the past, ranches and designers had the same bond, not sure if that is true anymore or not, but it could be, now that ranches are called "cottages." Also not sure if CYVs and patio villas have the same bond or not - think they might.

And before someone asks again, the size of your individual lot doesn't matter, just the section of homes you are in in that particular District, i.e., all designers within the same district will have the same bond amount, etc.