Years ago, things cost less to build and homes cost less - so the bond could be less. We have a sky high inflation and things cost more and homes cost more. The more prep work needed to build homes, the more cost it will take and then higher the bond. And the $75,000 bonds are for The Enclave- premier and high end Designer homes and the cost of the lots are from $49,000 to $275,000 and the homes to put on the lot start at about 700,000 minimum. So those are million dollar+++ homes. So of course, the bonds will be more. My bond’s interest is about 3% and I live in The Villages of Fenney and LOVE LOVE LOVE IT!!
Ive watched several of your videos having info about the taxes and fees. One confusion regarding the annual bill that covers property taxes, bond, maint, fire. I am going to assume the mortgage company pays the property tax from escrow as is normally the case? So i would pay those other annual myself?...meaning not already part of my monthly escrow payment included in mortgage?
Thanks for watching, yes if you escrow taxes the maintenance fees, bond and fire are calculated in total tax bill. The amenity fee is paid monthly by you not in tax bill.
@@cherialwayslearning4646 yes the bonds are paid annually as part of your property taxes, along with fire department and maintenance assessments. The amenities fee is billed monthly on your water, sewer, garbage collection bill.
Most bonds are paid in full on resale homes in the northern section. Bonds scare some people away. New and newer homes have bond balances. You could always negotiate the bond being paid when you buy a resale. For example buying a resale house with a 3000 bond balance asked for the seller to pay it when you make your offer. Taxes are not cheap in the Villages . You really don’t want that bond configured in with your taxes
Yeah, you have all kinds of clubs for any kind of interest you might have, but I have found quite a few of them are filled up and you can’t get in. Also, I think people should understand the villages does not run these clubs. There are no social directors. Residents of the villages run these clubs some of these people put in a lot of time and effort to keep these clubs going. Not exactly what I consider a retirement lifestyle.
Years ago, things cost less to build and homes cost less - so the bond could be less. We have a sky high inflation and things cost more and homes cost more. The more prep work needed to build homes, the more cost it will take and then higher the bond. And the $75,000 bonds are for The Enclave- premier and high end Designer homes and the cost of the lots are from $49,000 to $275,000 and the homes to put on the lot start at about 700,000 minimum. So those are million dollar+++ homes. So of course, the bonds will be more.
My bond’s interest is about 3% and I live in The Villages of Fenney and LOVE LOVE LOVE IT!!
@@Mushkiepotamus thank you. That is very helpful
You are fortunate to have purchased when you did!
Ive watched several of your videos having info about the taxes and fees. One confusion regarding the annual bill that covers property taxes, bond, maint, fire. I am going to assume the mortgage company pays the property tax from escrow as is normally the case? So i would pay those other annual myself?...meaning not already part of my monthly escrow payment included in mortgage?
Thanks for watching, yes if you escrow taxes the maintenance fees, bond and fire are calculated in total tax bill. The amenity fee is paid monthly by you not in tax bill.
Are the bonds an additional fee to the property taxes and the amenity fees? Do I understand correctly?
@@cherialwayslearning4646 yes the bonds are paid annually as part of your property taxes, along with fire department and maintenance assessments. The amenities fee is billed monthly on your water, sewer, garbage collection bill.
Most bonds are paid in full on resale homes in the northern section. Bonds scare some people away. New and newer homes have bond balances. You could always negotiate the bond being paid when you buy a resale. For example buying a resale house with a 3000 bond balance asked for the seller to pay it when you make your offer. Taxes are not cheap in the Villages . You really don’t want that bond configured in with your taxes
You will still have the maintenance on that bond
Yeah, you have all kinds of clubs for any kind of interest you might have, but I have found quite a few of them are filled up and you can’t get in. Also, I think people should understand the villages does not run these clubs. There are no social directors. Residents of the villages run these clubs some of these people put in a lot of time and effort to keep these clubs going. Not exactly what I consider a retirement lifestyle.
Thanks for watching, I find plenty of social groups to interact with, I'm part of several and love them!
Dumb question alert: does the developer establish the amount of the bond and it’s set interest rate? can you, as a buyer, pay the bond off immediately
In a sense yes The interest can fluctuate but it is fixed when you buy the house. You can pay off the bond anytime but most people Don’t .
Great question thanks for asking!
Yea don’t do it.