Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#16
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Why do people insist on making claims without looking them up first, do they really think no one will check? Proof by emphatic assertion rarely works. Confirmation bias is real; I can find any number of articles that say so. Victor, NY Randallstown, MD Yakima, WA Stevensville, MD Village of Hillsborough |
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#17
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You can find that link on the website TheVillages.com. Utilities are normally what you mighty pay for your current home - taxes are not bad if you Homestead - living here full time. The big difference is a Bond charged and that can be extremelty high, depending upon the cost and newness of your home. The newer the home, the higher the bond balance. On a $300,000 home which is new, the bond can be around $30,000 amortized over 30 years and then a bond maintenance payable monthly. I am Realtor and would be happy to send you more information if you wish.
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Darcie - not Darcue! - I'm learning how to type.... |
#18
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You have to look at your district, each one is different. Some are pretty high.
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#19
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#20
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The amenity fees are right around $150 a month. Everything else is pretty much the same..cost of food is slightly higher. The cost of your home does not have the cost of the infrastructure added in, if it is new. So just add that into the cost of the new home and you will have the real price. Some pay off this infrastructure cost * (called "the bond") right away and some pay it off over time. The amenity fee is based on the cost of living index and once it even went down. They do not "dock" you unexpectedly for changing the golf courses or make you pay to eat at the restaurants like some private clubs do. I find that, you can make a big difference in how much you spend here by whether you intend to cook at home a little or a lot, by the size of home you buy and just other reasonable choices.
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It is better to laugh than to cry. |
#21
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Check what I am saying. First of all if you have a mortgage call your bank and they can tell you the interest you are paying or who to call. We decided to pay ours off. The interest rates I've heard are 4-5%-they are not the same. It depends on the date of your home, the date of the bond. To make it perhaps more confusing we were told the rate will renegotiate in roughly two years from now. You cannot as you can on a mortgage send extra money and pay the bond off in a shorter time. You need to find the money to pay it all off. Others cannot answer the question for you. Do you have the money to pay it off in full? What is that money earning for you? To pay it off or not to depends on how long you plan on staying in your home. A typical villager moves three times. I never understand that. Do it right the first time, whatever that means to you. It is far less expensive than doing it over and over and over again |
#22
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To get the homestead exemption you have to be a a full time resident by January 1st. Florida Real Estate Taxes are for that calendar year unlike some states that are for the prior year. You have to apply for the Homestead Exemption before March 1st in Sumter County. They also want a Florida DL/ID and a letter from your prior county saying you gave up the homeowners exemption there.
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#23
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Most people I know are to smart
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#24
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You can go to the community district site and look up the bond on your home. there are three components to the payment. Principal, interest and a admin fee that was .06 percent on my bill. The rate was just over 6 percent with the admin fee. This shows up on your annual tax bill until paid off. It is not tax deductible as a property tax since a large part of the bond payment is principal and not based on the value of the home
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#25
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What I said was true. Most people pay cash for homes in the Villages. That is a fact, whether you think it's a good idea or not. It is also why mortgage is not included in cost of living in the Villages, in most publications. You don't factor mortgage payments into a monthly cost of living, on a property that has no mortgage on it. Also FYI - Gracie's estimate of "right about $150" for amenity fee is incorrect. It is $164 for any property purchased, presently. If you buy this month, that's what your amenity fee will be, and continue to be. Next year it might be $172, but that will be for people who buy next year. This year's buyers will still pay $164. That's why we have residents in the Villages who only pay $84/month for their amenity fees. It's how much it was at the time they purchased the house. |
#26
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One important point that has not been mentioned is that your taxes will be much higher if your Villages home is not your primary residence. Florida has tax incentive plans such as home steading and save our homes tax credits that are given for primary residence homes only. Bonds on new homes are higher than resales but I was told by my mortgage company that I could not put my bond amount in my mortgage as it is billed as a tax and not part of the purchase price. I lived in Connecticut before moving here and find The cost of living is much less than most places up north. Good luck.
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#27
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The $1000 + per month does not include lawn maintenance. It assumes you do your own. You have lawn mowing $50 - $65 per month, Shrup triming ~$115 per 3 months (Does not include trimming tall palms), grass treatment for insects, weeds, and fungi, ~$65 every 2 months, de-weeding mulch and flower beds ~ $20/month. All of this can be done by the owner for considerably less cost and the numbers quoted may be trimmed by shopping vendors. Good luck!
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#28
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I’ve lived in 5 new neighbors in villages and before Covid I was out somewhere every night and most people I meet didn’t pay cash and most of them like me could but don’t take my word under cool facts about the villages about50% do they probably still have Christmas club accounts also
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#29
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Bond Balance='Mortgage'?
[QUOTE=bobk544;1901628]Hello, is there a Villages link that talks about the typical costs of living in The Villages like what the House Insurance might be on a 300k home and typical monthly HOA/Amenity fees? And in many posts, I see discussions about a "bond" purchase or something like that and haven't got a clue what this "bond" item is all about?
For whatever reason assuming a '5%+ Bond Balance' is generally accepted by 'Resale' Home-Buyers in The Villages. It's a 'lien' on the house you are buying which should be paid off by the seller, just like any other 'mortgage'. If not - Why not? |
#30
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I've always heard with regard to housing it is about 12k. The rest is up to you. Whatever your doing now will work
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Closed Thread |
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