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Old 08-18-2013, 06:49 AM
 
Location: Naples & Sarasota Florida
597 posts, read 897,827 times
Reputation: 888

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My inlaws are thinking of moving to Florida and are considering the Villages. I have been looking for properties for them and I am confused about the fees. Can someone explain to me the fees/expenses of homes in the Villages?

I see HOA fees, CDD fees, Bond Fees, Amenity Fees on the listings.

I saw a brochure from the Villages and it broke down the fees but never mentioned HOA, or Bond fees. If there really are all those fees, then that place could be really pricey.

If there is a realtor out there who would like to give me the breakdown on say a 200K house....what would it cost for all the monthly fees? Also, what utilities do they pay and what are averages of the utility costs?

We have to support my inlaws now so we will be paying the bills so we want to have a good idea of what we are getting into.

Thanks!
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Old 08-18-2013, 08:14 AM
 
166 posts, read 533,007 times
Reputation: 188
Go to the Talk of the Villages web site. All the information you need is there as far as costs. Except for the taxes and bond costs. The villages also have a web site with the average monthly costs on it.
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Old 08-18-2013, 10:31 AM
 
166 posts, read 533,007 times
Reputation: 188
Quote:
Originally Posted by Waiting2go View Post
Go to the Talk of the Villages web site. All the information you need is there as far as costs. Except for the taxes and bond costs. The villages also have a web site with the average monthly costs on it.
I think the talk of the villages web site would be the best place to inquire since the home owners post there so you will get the good, bad, and the ugly.
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Old 08-18-2013, 11:41 AM
 
389 posts, read 634,424 times
Reputation: 390
Quote:
Originally Posted by ILoveLidoBeach View Post
My inlaws are thinking of moving to Florida and are considering the Villages. I have been looking for properties for them and I am confused about the fees. Can someone explain to me the fees/expenses of homes in the Villages?

I see HOA fees, CDD fees, Bond Fees, Amenity Fees on the listings.

We have to support my inlaws now so we will be paying the bills so we want to have a good idea of what we are getting into.

Thanks!
Wow...

Personally, I would be pricing a divorce.
Unless, of course, their life expectancy coincided with my retirement plans, your spouse is an only child, and I wanted a place in the Villages..............
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Old 08-18-2013, 02:28 PM
 
32 posts, read 97,941 times
Reputation: 51
Quote:
Originally Posted by ILoveLidoBeach View Post
My inlaws are thinking of moving to Florida and are considering the Villages. I have been looking for properties for them and I am confused about the fees. Can someone explain to me the fees/expenses of homes in the Villages?

I see HOA fees, CDD fees, Bond Fees, Amenity Fees on the listings.

I saw a brochure from the Villages and it broke down the fees but never mentioned HOA, or Bond fees. If there really are all those fees, then that place could be really pricey.

If there is a realtor out there who would like to give me the breakdown on say a 200K house....what would it cost for all the monthly fees? Also, what utilities do they pay and what are averages of the utility costs?

We have to support my inlaws now so we will be paying the bills so we want to have a good idea of what we are getting into.

Thanks!
If you're looking at The Villages document on their website that estimates the cost of living for a $250K home, the $192/month "Development District Assessment" is what is also known as the bond. On a new construction purchase it could be less or more depending upon what type of home you buy and the density of homes in a certain area. It has absolutely nothing to do with the price of the home. This bond is to pay for your neighborhood infrastructure which is normally just included in the cost of a home.

There are no HOA fees, there are two separate organizations (one pro residents and one pro developer) which you can join but it's only $10 per year or something like that.

The $145 per month ammenity fee covers the executive golf courses, pools (except for those at country clubs) rec centers. there is a fee to golf at the championship golf courses and there is also a trail fee for your golf cart.

For the last full 12 months we lived there (Oct 2011 to Sept 2012) our avg electric bill was $128 on a 1700 sq ft home. Our water, sewer and trash averaged about $205 for the same time period. We tried to be careful in conserving water.

Taxes on our home which was purchased new in 2008 were about $1600 per year. That is with the homestead exemption.

Hope this info helps. Lived there for over five years so would be glad to answer other questions you may have.
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Old 08-18-2013, 06:29 PM
 
2,931 posts, read 3,800,262 times
Reputation: 1771
Quote:
Originally Posted by Sam In Florida View Post
If you're looking at The Villages document on their website that estimates the cost of living for a $250K home, the $192/month "Development District Assessment" is what is also known as the bond. On a new construction purchase it could be less or more depending upon what type of home you buy and the density of homes in a certain area. It has absolutely nothing to do with the price of the home. This bond is to pay for your neighborhood infrastructure which is normally just included in the cost of a home.

There are no HOA fees, there are two separate organizations (one pro residents and one pro developer) which you can join but it's only $10 per year or something like that.

The $145 per month ammenity fee covers the executive golf courses, pools (except for those at country clubs) rec centers. there is a fee to golf at the championship golf courses and there is also a trail fee for your golf cart.

For the last full 12 months we lived there (Oct 2011 to Sept 2012) our avg electric bill was $128 on a 1700 sq ft home. Our water, sewer and trash averaged about $205 for the same time period. We tried to be careful in conserving water.

Taxes on our home which was purchased new in 2008 were about $1600 per year. That is with the homestead exemption.

Hope this info helps. Lived there for over five years so would be glad to answer other questions you may have.
Why did you leave?
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Old 08-18-2013, 06:50 PM
 
Location: Naples & Sarasota Florida
597 posts, read 897,827 times
Reputation: 888
Quote:
Originally Posted by Dax13 View Post
Wow...

Personally, I would be pricing a divorce.
Unless, of course, their life expectancy coincided with my retirement plans, your spouse is an only child, and I wanted a place in the Villages..............
No, No and NO!!! LOL
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Old 08-18-2013, 06:52 PM
 
Location: Naples & Sarasota Florida
597 posts, read 897,827 times
Reputation: 888
Quote:
Originally Posted by Waiting2go View Post
Go to the Talk of the Villages web site. All the information you need is there as far as costs. Except for the taxes and bond costs. The villages also have a web site with the average monthly costs on it.
Thanks! I spent quite a bit of time looking around the site. It's a great site. Thanks for the tip
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Old 08-18-2013, 06:56 PM
 
Location: Naples & Sarasota Florida
597 posts, read 897,827 times
Reputation: 888
Quote:
Originally Posted by Sam In Florida View Post
If you're looking at The Villages document on their website that estimates the cost of living for a $250K home, the $192/month "Development District Assessment" is what is also known as the bond. On a new construction purchase it could be less or more depending upon what type of home you buy and the density of homes in a certain area. It has absolutely nothing to do with the price of the home. This bond is to pay for your neighborhood infrastructure which is normally just included in the cost of a home.

There are no HOA fees, there are two separate organizations (one pro residents and one pro developer) which you can join but it's only $10 per year or something like that.

The $145 per month ammenity fee covers the executive golf courses, pools (except for those at country clubs) rec centers. there is a fee to golf at the championship golf courses and there is also a trail fee for your golf cart.

For the last full 12 months we lived there (Oct 2011 to Sept 2012) our avg electric bill was $128 on a 1700 sq ft home. Our water, sewer and trash averaged about $205 for the same time period. We tried to be careful in conserving water.

Taxes on our home which was purchased new in 2008 were about $1600 per year. That is with the homestead exemption.

Hope this info helps. Lived there for over five years so would be glad to answer other questions you may have.
Thanks for all this info. This helps a lot. I was not familiar with the bond fee. We have HOA's and CDD but no bonds.

Your utility bills are high like mine are. We get monster water bills too and we are really, really careful about water.

Anyway, I see Harry Who asked you why did you leave....I was wondering the same thing.

Thanks for your answers
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Old 08-18-2013, 07:02 PM
 
Location: Naples & Sarasota Florida
597 posts, read 897,827 times
Reputation: 888
Sam In Florida, I have a few more questions.....it seems really disorganized as far as the roads go. Is it hard to get around? My mother in law can get lost in her driveway, so she might have problems.

Also, are you allowed to have 2 cars in the driveway there? They have so much nonsense in their garage. I don't think they would be able to fit 2 cars and a golf cart in their garage along with their treasures.

Thanks again. I am happy to be getting these answers from you. Thanks!
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