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Is CDD Forever?
Once you pay off your CDD obligation are there any annual maintenance, (other than Amenity Fee and Property Tax)?
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Remember: Even if you pay off your bond assessment, there will continue to be an annual maintenance assessment that pays for the ongoing costs of maintaining the infrastructure. Further, it is not a HOA fee but an Amenity Fee. |
Thanks, is there a standard percentage for the annual maintenance assessment fee?
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Is there a general range to consider for budgeting purposes?
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984 Old Mill Run and 4856 South Morse Boulevard (352) 753-4508 |
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This forum has been a great source of useful information for me. |
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It's explained here: Maintenance Assessment and The Villages 6-19-19 Construction Update - YouTube The Bond is explained in this video Bond Information and The Villages 5-30-19 Construction update - YouTube and Amenity Fee is explained in these videos The Amenity Fee (part 1) and The Villages 7-26-2020 Construction Update - YouTube The Amenity Fee (part 2) and The Villages 8/17/20 Construction Update - YouTube |
Thanks for taking the time to share these videos. Perhaps they can be in a Sticky post for others if this is a popular topic.
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So basically besides taxes the developer has decided to split the continuing maintenance of the infrastructure, from the amenities like the pools and tennis courts etc etc and clubs. This is why things look a lot cheaper just like why hotels now give you a resort fee as well as a room rate. I am amazed at how many people buy here and then ask questions when this is probably the biggest investment most of these people make
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