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What is a CDD? Quick Breakdown of What Community Development Fees in FL Are.
What Exactly is a CDD?
Have you ever seen "CDD fee" on a home listing and wondered, what is that? If you're buying a home in Florida, especially in a new community, this is something you need to know!
Hi, I’m Jomar Concepcion with The Friendly Real Estate Group, and today, I’m breaking down everything you need to know about CDDs, or Community Development Districts, so you can make a confident home-buying decision.
A CDD, or Community Development District, is a special-purpose government framework in Florida. It’s used to finance and maintain infrastructure and amenities in planned communities, like roads, utilities, parks, pools, and even clubhouses. Essentially, it’s how developers create those gorgeous neighborhoods we all love without paying upfront for everything themselves.
When a developer plans a community, they establish a CDD to borrow money through bonds. Homeowners then repay these bonds over time through their property taxes. So, instead of paying one massive upfront fee for all the amenities, costs are spread out over several years.
CDD fees are typically listed as part of your property tax bill. They’re broken into two parts: the bond repayment (which is the principal and interest) and the operations/maintenance fee, which keeps everything in the community running smoothly.
Fees vary depending on the community and its amenities. On average, you might see CDD fees ranging from $1,000 to $3,000 annually. Some communities with luxurious amenities could have even higher fees.
Here are some of the benefits of a CDD: Beautiful amenities you can enjoy from day one, lower initial cost of purchasing a home since the infrastructure costs are financed over time, and everything stays well-maintained through the operations budget.
And here are a couple of drawbacks: It’s an extra expense on top of your property taxes, and you’re paying for these amenities even if you don’t use them.
A CDD isn’t necessarily a bad thing-it’s just something to be aware of. If you’re considering a home in a community with a CDD, factor the fees into your overall budget. And remember, these fees are what help create and maintain the neighborhoods that make Florida living so special.
If you have more questions about CDDs or anything related to buying a home in Florida, leave a comment below or reach out to me directly.
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  • @Marva-v8n
    @Marva-v8n 5 āļ§āļąāļ™āļ—āļĩāđˆāļœāđˆāļēāļ™āļĄāļē

    Do you guys do homes in Ocala?

    • @thefriendlyregroup
      @thefriendlyregroup 5 āļ§āļąāļ™āļ—āļĩāđˆāļœāđˆāļēāļ™āļĄāļē

      We haven’t been there yet to film, but it’s on our list! We do sell there though 😊 give us a call! Hope you’re having a blessed day

  • @Marva-v8n
    @Marva-v8n 5 āļ§āļąāļ™āļ—āļĩāđˆāļœāđˆāļēāļ™āļĄāļē

    DR Horton has a bad reputation.

    • @thefriendlyregroup
      @thefriendlyregroup 5 āļ§āļąāļ™āļ—āļĩāđˆāļœāđˆāļēāļ™āļĄāļē

      They definitely have tons of mixed reviews

  • @CplBJason
    @CplBJason 5 āļ§āļąāļ™āļ—āļĩāđˆāļœāđˆāļēāļ™āļĄāļē

    I’m actually interested in the esplanade community they’re building there, so curious to see the prices of those houses.

    • @thefriendlyregroup
      @thefriendlyregroup 5 āļ§āļąāļ™āļ—āļĩāđˆāļœāđˆāļēāļ™āļĄāļē

      Hey there! Give us a shout at 850-238-5747. We can go there and take videos and photos and get all the info you’ll need and send it to you!

  • @FLrealestate23
    @FLrealestate23 6 āļ§āļąāļ™āļ—āļĩāđˆāļœāđˆāļēāļ™āļĄāļē

    Nice work!

    • @thefriendlyregroup
      @thefriendlyregroup 6 āļ§āļąāļ™āļ—āļĩāđˆāļœāđˆāļēāļ™āļĄāļē

      Thank you! Cheers 🎉

  • @elkemohammed9552
    @elkemohammed9552 6 āļ§āļąāļ™āļ—āļĩāđˆāļœāđˆāļēāļ™āļĄāļē

    CDD is a rip off it doesn’t cost all that amount of for 30 years.

    • @thefriendlyregroup
      @thefriendlyregroup 6 āļ§āļąāļ™āļ—āļĩāđˆāļœāđˆāļēāļ™āļĄāļē

      Hey! Just explaining what it is 😊 it’s so common here now that we want to provide the information so people who aren’t familiar with them can learn. I’m not a huge fan of them either, but they’ve become a huge part of real estate. Thanks for watching!

  • @thefriendlyregroup
    @thefriendlyregroup 8 āļ§āļąāļ™āļ—āļĩāđˆāļœāđˆāļēāļ™āļĄāļē

    Let us know what town in Central Florida you'd like for us to visit next!

  • @beans526
    @beans526 10 āļ§āļąāļ™āļ—āļĩāđˆāļœāđˆāļēāļ™āļĄāļē

    Are there any lemders that are knowledgeable in USDA loans in Central FL? Seems no one can help me despite going to the website.

    • @thefriendlyregroup
      @thefriendlyregroup 10 āļ§āļąāļ™āļ—āļĩāđˆāļœāđˆāļēāļ™āļĄāļē

      Hey! Give us a call and we can connect you with a couple of lenders that can help. USDA loans can be tricky and have stricter guidelines than other typical loans. Reach out we will do our best to help. 850-238-5747

  • @dianwright3590
    @dianwright3590 17 āļ§āļąāļ™āļ—āļĩāđˆāļœāđˆāļēāļ™āļĄāļē

    You are not saying the price

  • @thefriendlyregroup
    @thefriendlyregroup 20 āļ§āļąāļ™āļ—āļĩāđˆāļœāđˆāļēāļ™āļĄāļē

    Starting prices, model descriptions and HOA descriptions are in the video description!

  • @heribertotoro780
    @heribertotoro780 20 āļ§āļąāļ™āļ—āļĩāđˆāļœāđˆāļēāļ™āļĄāļē

    Hello Jomar, me again! Can you post more next Gen home with a inlaw suite. That looks more promising for me .. what community? Good question. Anywhere close to Ocala and Davenport...

  • @heribertotoro780
    @heribertotoro780 20 āļ§āļąāļ™āļ—āļĩāđˆāļœāđˆāļēāļ™āļĄāļē

    Hello Jomar ! Name is Heriberto Toro. Hope you can help. I heard there is a new community being built across the street from a community called Summer Crest in Ocala. Would it be possible to get info on it and post it in your channel. I watch your postings when ever I get a chance. Stay safe and God bless you...

  • @iwalbervictalpereirajunior4145
    @iwalbervictalpereirajunior4145 21 āļ§āļąāļ™āļ—āļĩāđˆāļœāđˆāļēāļ™āļĄāļē

    And the schools assigned for the area? It is growing a lot! Any plans to build new schools?

    • @thefriendlyregroup
      @thefriendlyregroup 5 āļ§āļąāļ™āļ—āļĩāđˆāļœāđˆāļēāļ™āļĄāļē

      Hey there! sorry we missed your messages. There are some future plans due to growth, but I haven’t seen announcements just yet

  • @iwalbervictalpereirajunior4145
    @iwalbervictalpereirajunior4145 21 āļ§āļąāļ™āļ—āļĩāđˆāļœāđˆāļēāļ™āļĄāļē

    I am missing the phase 2 for Bradbury Creek! Do you guys have a video of phase 2?

  • @PaulYoung-i4m
    @PaulYoung-i4m 26 āļ§āļąāļ™āļ—āļĩāđˆāļœāđˆāļēāļ™āļĄāļē

    I make between 70k and 75k. Can I afford this? Credit is 805 and no debt. And I don't like HOA 😂

    • @thefriendlyregroup
      @thefriendlyregroup 26 āļ§āļąāļ™āļ—āļĩāđˆāļœāđˆāļēāļ™āļĄāļē

      Hey Paul! Thanks for watching and commenting. It would all depend on your debt to income ratio, but if you don’t have a lot of revolving debt you should be able to afford it! Unfortunately they do have an HOA here, I’m not sure if you’d be ok with that. Give me a call and let’s chat about your options! 850-238-5747

  • @aliciae9223
    @aliciae9223 27 āļ§āļąāļ™āļ—āļĩāđˆāļœāđˆāļēāļ™āļĄāļē

    Vivo en Winter Haven y es la primera vez que escucho Lake Hamilton!! como que tengo que salir un poco mas!! Yo estoy buscando una casa preferiblemente sola, que no tenga HOA de 4 habitaciones, pero tengo que vender la que tengo ahora para poder comprar una nueva, saben de alguna casa, que este en un terreno sola, sin muchos vecinos?

    • @thefriendlyregroup
      @thefriendlyregroup 27 āļ§āļąāļ™āļ—āļĩāđˆāļœāđˆāļēāļ™āļĄāļē

      Hola! Gracias por escribirnos, le mandamos saludos. Lake Hamilton es un pueblo pequeÃąo pero estÃĄ creciendo. Podemos hablar para conocernos y conversar sobre todos los detalles. DespuÃĐs podemos crear un plan y encontrar su prÃģximo hogar! LlÃĄmeme a 8502385747 😊

  • @Lewis.G_
    @Lewis.G_ 27 āļ§āļąāļ™āļ—āļĩāđˆāļœāđˆāļēāļ™āļĄāļē

    Watching/supporting from Hawaii!!!!! 🎉

    • @thefriendlyregroup
      @thefriendlyregroup 27 āļ§āļąāļ™āļ—āļĩāđˆāļœāđˆāļēāļ™āļĄāļē

      @@Lewis.G_ thank you! ðŸŦķðŸ―

  • @ListedInTheSouth
    @ListedInTheSouth āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

    How long has Minneola been a City?

  • @Ale69899
    @Ale69899 āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

    Can you do a video of luxury immunities in Cleremont?

  • @ChickenWang0
    @ChickenWang0 āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

    I lived 2 miles away

  • @marvpope8268
    @marvpope8268 āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

    Ok thank you for the prompt reply. Any townhouses with garage and pool? Thanks

    • @thefriendlyregroup
      @thefriendlyregroup āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

      You’re welcome! Same with the townhouses. There are some options for both but they’re mainly in vacation communities and higher in price and HOA. There are a lot of communities though that offer nice clubhouses and pools for the community! Let’s have a chat when you’re free 85o-238 5747

  • @marvpope8268
    @marvpope8268 āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

    Any homes with pools?Great job. Thanks

    • @thefriendlyregroup
      @thefriendlyregroup āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

      Thanks Marv! For homes with pools you’ll need to purchase a resale home. Builders aren’t adding them anymore around here unfortunately

  • @StayThrill23
    @StayThrill23 āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

    Ai tech con tu casa?!?! El aÃąo 2024 es una cosa ðŸ˜Ū

    • @thefriendlyregroup
      @thefriendlyregroup āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

      La tecnología estÃĄ increíble 😅

  • @Lewis.G_
    @Lewis.G_ āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

    Lo quiero!!!!!!

  • @joseespinal2175
    @joseespinal2175 āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

    Beautiful!

    • @thefriendlyregroup
      @thefriendlyregroup āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

      Thank you! Cheers!

  • @T2SVoyager
    @T2SVoyager āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

    I love the videos keep them coming!!

    • @thefriendlyregroup
      @thefriendlyregroup āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

      Thank you!!! Will do ðŸĨģ

  • @whit117
    @whit117 āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

    Please don’t! Traffic is already bad enough 😂 What used to be a 10-15 minute drive takes 30

    • @thefriendlyregroup
      @thefriendlyregroup āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

      lol I don't think we can stop the migration here 😅

  • @Lewis.G_
    @Lewis.G_ āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

    The Daylen model home is calling me!!!!

    • @thefriendlyregroup
      @thefriendlyregroup āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

      Pick up the phone! lol

  • @GobinBoodansingh
    @GobinBoodansingh āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

    Trinidad

    • @thefriendlyregroup
      @thefriendlyregroup āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

      ðŸ‡đðŸ‡đ ðŸ™ŒðŸ― ðŸ‡đðŸ‡đ

  • @daegcc.479
    @daegcc.479 2 āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

    How close is this community to the airport?

    • @thefriendlyregroup
      @thefriendlyregroup 2 āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

      Hello! It’s 35 minutes away from the airport. Sorry had to edit the comment. I put the wrong community into my gps initially.

  • @BaussTM
    @BaussTM 2 āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

    Watching from ðŸ‡ĻðŸ‡Ķ

    • @thefriendlyregroup
      @thefriendlyregroup 2 āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

      Cheers! Thank you for tuning in 😊

  • @marvincalderon7655
    @marvincalderon7655 2 āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

    I love what you guys are doing and you give me a great feeling about moving to Florida...And I'm from NYC

    • @thefriendlyregroup
      @thefriendlyregroup 2 āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

      Thank you very much! We hope you get the chance to move. We lived in NYC for a few years before our family moved south. Thanks for watching, we hope you have a great week ðŸĨģ

  • @Lewis.G_
    @Lewis.G_ 2 āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

    I love these guys!!! They are going to be the reason I buy houses all over central florida😂âĪïļ #friendlyrealestategroup

  • @ParveenKumar-w4g2z
    @ParveenKumar-w4g2z 2 āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

    Nice vedeo n project n u both good presentation

    • @thefriendlyregroup
      @thefriendlyregroup 2 āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

      Thank you very much! We hope you have an amazing weekend 🎉

  • @pmcnamara2
    @pmcnamara2 2 āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

    Great Video! Isles of Lake Nona is now in the close out stage. I have a few remaining Homesites, Inventory homes, and the MODELS are NOW for SALE!

    • @thefriendlyregroup
      @thefriendlyregroup 2 āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

      Thank you!! Let us know when your new models are open in the new neighborhood and we will come make a video for it!

  • @templed
    @templed 2 āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

    Question: What time of day was this? traffic behind the mall was ridiculous.

    • @thefriendlyregroup
      @thefriendlyregroup āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

      Hey! It was around 4:00

    • @NickTheMobileMechanic
      @NickTheMobileMechanic āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

      What Traffic are you talking about? I watched the whole video, I didnt see any crazy Traffic

    • @thefriendlyregroup
      @thefriendlyregroup āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

      @@NickTheMobileMechanicit’s not too bad in the video for sure, but around 3-5 everyday it does get a bit hectic lol but it’s just the typical Orlando area afternoon rush traffic

  • @marifevillalobos1175
    @marifevillalobos1175 2 āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

    Love it!!!

  • @ShannaGoodwin
    @ShannaGoodwin 2 āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

    I love this house!!

  • @ShannaGoodwin
    @ShannaGoodwin 2 āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

    I love this house!!

  • @T2SVoyager
    @T2SVoyager 2 āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

    Awesome video guys!!ðŸ”Ĩ

    • @thefriendlyregroup
      @thefriendlyregroup 2 āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

      thank you!!

  • @homesbyabeaziz
    @homesbyabeaziz 2 āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

    Love it thank you guys so much â™ĨïļðŸ™

    • @thefriendlyregroup
      @thefriendlyregroup 2 āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

      thank you for all of your great info and area knowledge!

  • @kaimabayamna5985
    @kaimabayamna5985 2 āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

    Cincinnati Ohio

    • @thefriendlyregroup
      @thefriendlyregroup 2 āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

      @@kaimabayamna5985 thank you for watching!

  • @shayl1951
    @shayl1951 2 āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

    Very beautiful homes âĪ

  • @ayyubbailey
    @ayyubbailey 2 āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

    “This is my sister”😂 You guys do realize you actually look alike right? Fun videos

    • @thefriendlyregroup
      @thefriendlyregroup 2 āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

      haha man you'd be surprised how often people think we're married 😂 thanks for watching, hope you have an amazing day!

  • @ElsieGilbert-q3x
    @ElsieGilbert-q3x 2 āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

    Rodriguez Paul Williams Timothy Perez George

  • @mdjahidcomilla
    @mdjahidcomilla 2 āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

    really this home very nice

    • @thefriendlyregroup
      @thefriendlyregroup 2 āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

      :)

  • @HOODIE_Drizz
    @HOODIE_Drizz 3 āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

    Video was very helpful, I’m actually looking at the Apex apartments that you showed in the background!

    • @thefriendlyregroup
      @thefriendlyregroup 3 āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

      Glad it helped out brother! Those apartments are in such a great location, I think you'll enjoy it. Just go and visit during high traffic hours to see if you'll be okay with it. There's a lot of traffic there but they have new roads that just recently opened up that I think help out! God bless

  • @JonnyCigar407
    @JonnyCigar407 3 āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

    Moving in very soon!!!!!

    • @thefriendlyregroup
      @thefriendlyregroup 3 āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

      Welcome down!! Which part of town are you moving to?

  • @freedomofpraise
    @freedomofpraise 3 āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

    I wouldn't buy a piece of wood from DR Horton shabby and cheap materials

  • @shayl1951
    @shayl1951 3 āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

    Gorgeous 👍👍👍

    • @thefriendlyregroup
      @thefriendlyregroup 3 āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

      Thank you! âĪ

  • @vanessag6900
    @vanessag6900 3 āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

    Lake Nona is a nice area but it is way too crowded. And let's not mention the traffic.

    • @thefriendlyregroup
      @thefriendlyregroup 3 āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

      @@vanessag6900 they do need a little more traffic relief for sure! Thanks for watching, hope you have a blessed day ðŸĐĩ

    • @shellyohara3379
      @shellyohara3379 2 āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

      The streets are way too crowded in some of those neighborhoods. Weaving around cars parked in the streets to get home is not my ideal way to live.

    • @shellyohara3379
      @shellyohara3379 2 āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

      @@tribilinRivera definitely not! You don’t have to live in a small town to actually get space around your home. It’s a personal choice.

    • @shellyohara3379
      @shellyohara3379 2 āļŦāļĨāļēāļĒāđ€āļ”āļ·āļ­āļ™āļāđˆāļ­āļ™

      @@tribilinRivera wasn’t really complaining!! I don’t live there for that reasonâ€Ķnot a complaint just my opinion. Apparently that’s a problem for you. Hope you have a great day