the bond and manufactured homes
 

So far in everything I’ve received from TV nothing has been mentioned about a bond. There is a Development District Assessment mentioned. Is that just the official name for the bond, or something else entirely?

I’ve been looking at some of the manufactured homes and have noticed they specifically say no bond, because they are in Lake County. Does anybody know about that?

Do any of you live in manufactured homes? I’d like to get a general idea of taxes, insurance and other expenses on manufactured homes. I know the manufactured homes are in the oldest part of TV. Is that area kept up appropriately?


Thank you for all your help. More questions will be coming.

Re: the bond and manufactured homes
 

Since the manufactured homes are in the older part of The Villages the bond or cdd is paid off. I think the older areas are very well kept and have lovely mature trees and pretty views. I don't think you will be disappointed about any area in TV. Come on down and join us in Paradise!

Re: the bond and manufactured homes
 

To my knowledge there are no bonds on anything East of 441/27. I helped a friend purchase a place over there and as I remember that is what was said.

The bond is totally different than the assessment. For more information on the bond do a search on bond as there are many previous post on bonds.

Re: the bond and manufactured homes
 

That's the beauty of buying in Lake County. There are, and never were, any bonds.

Re: the bond and manufactured homes
 

The villages in Lake county were built before Fla passed the laws creating CDDs they didn't have them to begin with. Anytime a CDD is created they can float another bond in the future and start the bond process over again if the yearly maintenance isn't enough to cover a large expenditure. There also have been cases where CDDs have multiple concurrent bonds. Most people really don't understand the CDD system as they aren't prevalent in many states. The bonds are not necessarily a one time deal and there is an on going maintenance fee that lasts like taxes. ;)

Re: the bond and manufactured homes
 

Thanks livsea2,
It is so nice to hear from somebody who seems to know about the Villages. Would you please start a thread on CDDs.

Re: the bond and manufactured homes
 

The Villages, Florida

When my wife and I were down to The Villages in July for our lifestyle preview, we drove thru the older section where the manufactured homes are. We found the entire area that we saw (streets, homes, yards, etc.) to be very well maintained.

Re: the bond and manufactured homes
 

I thought the historic side was very clean and well maintained, just like the rest of TV.

Just to voice concerns though, many of the homes there were put in before there were hurricane standards (and even before manufactured home standards) and I'd be hesistant to buy a manufactured home that's already quite old. Just a consideration.

Re: the bond and manufactured homes
 

Thanks for the heads up JohnN. I'll keep your words in mind whem I come down. The truth is if I can't find an acceptable manufactured home it is doubtful I'll be able to move to TV. Can you give me some kind of idea what I should be looking at.

Re: the bond and manufactured homes
 

The Villages, Florida

A good friend of mine, who knows the maeket in the area, told me that the lots are worth $60,000 to $70,000. Then if you take out the home and start all over again you add from there.

Something to think about it is the land that is worth the money because it is in The Villages.

Re: the bond and manufactured homes
 

lt:

The manufactured homes generally were installed in the mid 80's, some earlier and some later. They are mainly double wides, 1000 - 1400 SF, 2BR 2 Bath or more, many have an added attached Lanai (aka, Florida room) of about 10 x 10 on one side and an added attached storage/laundry/cart garage of about 12 x 24 on the other side, carport (usually no garages), avg 5K SF lots with no fences. The historic side has mature trees and landscape and is very nice. Prices range from about $100K to about $150K, often that includes completely furnished. In most cases the manufactured homes are in very good condition or can be updated for $10K to $25k.

They are a very good buy for the money in a very nice location.

I believe the bonds are only in Sumter County.

Re: the bond and manufactured homes
 

Actually Chuck, the manufactured homes prices start in the 60 K range. I love to look on the TV site.

Re: the bond and manufactured homes
 

GG:

My bad.

However, I was just referring to double wides and didn't want to include the single wide prices at the end of the post and confuse folks.

Re: the bond and manufactured homes
 

I live in a mobile home in Orange Blossom Gardens and it is one of the very first homes put here by Mr Swartz. It is about 35 years old and has survived many serious storms and has weathered them all with out any damage. This section of The Villages has a lot of charm and character and we love living here. Come and join us.

Re: the bond and manufactured homes
 

No bonds or maintenance fees in Lake County but that part of TV is also in the City of Lady Lake. There is a higher property tax rate in Lake Co. because of that.