Quote:
Originally Posted by JimJoe
There are three items that some people refer to "bonds". They are not all bonds. Here is my understanding.
1. The amenities fee. It is about $135 per month paid yearly. You pay it to cover the cost of the amenities. It is used to pay for the purchase and the upkeep of the amenities. Very reasonable for the amenities that currently are available.
2. The "bond" on your home. It is a one time cost that is based on the lots in your village to pay for the infra structure for that VILLAGE such as streets sewer etc. It can be paid off in one lump sum when you buy your home or in monthly payments. It varies from village to village. The newer village, the higher the bond generally. The OLDEST villages had no bond at all. Add the cost of the unpaid bond to the asking price of any home and that is the cost. Do not forget the bond when you are calculating your offer price.
3. The CCD "bond" is really just a yearly assessment to pay for the upkeep of the villages COMMON AREAS. It is about $250 or more depending on which district the house is in.
Hope that helps.
If I am wrong, please correct me.
JJ
|
JJ,
I think you mixed up the amenities fee and the bond. The amenities fee is paid monthly, and the bond is paid annually along with the property tax around the end of the year. The bond can be paid off each year. For me, that is in July. I don't know if it varies from section to section.