Developer Build Out

Closed Thread
Thread Tools
  #1  
Old 01-22-2010, 11:07 AM
Spectreron Spectreron is offline
Senior Member
Join Date: Nov 2009
Posts: 122
Thanks: 2
Thanked 72 Times in 13 Posts
Default Developer Build Out

I just read a post that suggested the builder wanted to be built out in 5 years. Who is going to buy/rent/maintain all the ameneties when they are gone. Are homeowners going to be assessed fees to purchase everything or are annual fees going to skyrocket, or worse, will things begin to deteriorate? We plan to buy in TV this year so I am concerned. What is the general theory on what is going to happen?
  #2  
Old 01-22-2010, 11:16 AM
NJblue NJblue is offline
Gold member
Join Date: Apr 2008
Posts: 1,276
Thanks: 4
Thanked 9 Times in 8 Posts
Default

Quote:
Originally Posted by Spectreron View Post
I just read a post that suggested the builder wanted to be built out in 5 years. Who is going to buy/rent/maintain all the ameneties when they are gone. Are homeowners going to be assessed fees to purchase everything or are annual fees going to skyrocket, or worse, will things begin to deteriorate? We plan to buy in TV this year so I am concerned. What is the general theory on what is going to happen?
Many of the amenities are already owned by the CDD who maintains them via the amenity fees. The developer still owns most of the amenities south of 466 but the plan is for the CDD to buy them as well. In any event, even those amenities that are owned by the developer are still run by the CDD, with the developer paying the CDD to do so.
Closed Thread


You are viewing a new design of the TOTV site. Click here to revert to the old version.

All times are GMT -5. The time now is 12:42 PM.