VCCDD Question
 

I am doing some research about TV and the Total Cost of Ownership. My goal is to determine if we should rent or buy over the long term. One cost category would include the various taxes, bonds, and fees (e.g., HOA fee) paid to governments, developers and associations once or yearly.


1) It appears that property owners must pay a bond to cover infrastructure costs in TV. This bond can be payed in cash or in payments (with interest). Is that correct?

2) Do property owners also have to pay property taxes (to the county/state)?

3) What other fees does a buyer/property owner encounter (one time or recurring fees). For example are there other HOA fees?


I will probably post several other questions related to this general topic. Thanks

On a new home you cannot have a FHA or VA loan but you can on a resale. If you want a new home you must work through the sales reps from The Villages who can also sell you a resale if it is listed by TV. You can also buy a resale from a number of MLS agents.

You will need to pay for utilities. You may either maintain your own property or hire someone to do it for you.

There is a list of estimated living expenses that come with the packet from The Villages. Most of us feel it is pretty accurate.

Please feel free to ask questions. Many will try to help if we can.

Some of us are unabashedly positive about this place. ( that would be me)

Others are more reasonable and well...you will see. Read on.

This is a great forum...

OH...don't forget..if you come here you will notice a lot of old people.

Welcome to you. Draw up a chair and have a cup of coffee.

The Nuts & Bolts threads on this forum have answers to many questions such as the ones you pose.

I would also add this site: www.districtgov.org

try this link as well

Keep in mind even if you rent you are paying these fees and taxes. The person that owns the home is just passing these cost to you in the form of rent. Also if you rent you will always have a monthly rent payment. If you buy and can't afford cash at some point in the future you should pay off the mortgage and one day live payment free and only have the taxes and fees as cost. Also the bond can be paid off either over time or in a lump sum.

Thanks for the responses and links... they are helpful.

That is one I overlooked. It is not and expense called out in the TV Cost of Living list. That service is sometimes provided (as part of the fee) and sometimes it is not.

Since the lots are small, it would not be a major cost... but part of the trick is identifying all of the costs. Thanks.

This site might be helpful in your research. Village Community Development Districts Also in case you have not fornd the Nuts and Bolts....(note the golf cart trail fee that has not been mentioned here yet) https://www.talkofthevillages.com/fo...art-1-a-17717/ https://www.talkofthevillages.com/fo...art-2-a-17716/ https://www.talkofthevillages.com/fo...art-3-a-17715/

Thanks elevatorman. That looks like the mother lode of aggregated TV information.


Thanks also to zcaveman for taking the time to put it together.

Buy the E-Book
 

If someone hasn't already suggested the ebook then check this out.
For $14.95 you will get a lot of questions answered and then have some more questions. The information in the book is very helpful.
"DON'T EVEN THINK OF MOVING TO THE VILLAGES WITHOUT READING THIS BOOK FIRST"
Don't even think about moving to The Villages without this Book!