Talk of The Villages Florida - View Single Post - Impact Fee Vs Bond
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Old 09-24-2007, 10:11 PM
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Default Re: Impact Fee Vs Bond

My two cents: From what I understand (and it is limited to reading), impact fees are charged to the developers to help pay for new school construction and the additional burden of people and traffic to the area. The Bond is used to pay for the infrastructure (cart paths, tunnels, roads, sewers, etc) in your immediate community. Whether you buy new or pre-owned, you are going to pay or inherit these charges as part of your purchase.

The advantage of new is that no one lived there before and has not made any changes or improvements. All warranties are new and at 100% value. The disadvantage is that it is new and you have to do the landscaping and work out the kinks of new construction.

The advantage of buying pre-owned is that the landscaping is in place and the kinks have been worked out of the house. The disadvantage is that some of the warranties do not pass to the new owners and what you see is what you get.
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