small homes
 

Hi, was interested in the most affordable houses in the V in 2024. I assume prices will drop nationwide by 30% by 2024. Are there new sites opening up on the outskirts
for new small homes?

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Size of home has nothing to do with amount of bond.

The Villages home pricing does not necessarily follow national trends in magnitude.

Each type of neighborhood has the same $ amount for the bond. e.g., all the villas in a CYV neighborhood will have the same bond if in the same Development District - a 2BR will have the same bond as the largest 3 BR. Some Courtyard villas are larger than the smallest designers, but the designer will have a larger bond. The bonds are set for the "density" of the neighborhood (how many units per acre or similar) every time a new development district is established. Patio villa neighborhoods will have the lowest bond per unit.

Unless you live in lady lake portion of villages, no bond...

Like I said, size of home has nothing to do with bond amount.


 What is the Bond Debt Assessment?

The bond debt assessment reflects each lot’s proportionate share of the cost of building the infrastructure within its District or for which its District has responsibility. It is the most equitable method of distributing costs between the properties that benefit from the infrastructure. Infrastructure includes storm water systems, underground pump stations, water retention areas, curbs, gutters, streetlights, transportation trails, underground piping, etc.

 How does the District arrive at the amount? Does everyone pay the same amount?

The Bond Debt Assessment was set at the time the bond used to build the infrastructure was issued. The formula for calculating each lot’s proportionate share starts with the total cost of the bond (including interest) issued to pay for the infrastructure. That cost is divided equally among each assessable acre in the “phase” of the District for which the bond was issued. That gives you a cost per acre. The cost per acre is then multiplied by the number of acres in the unit in which you live. That gives you the obligation for the unit as a whole. The unit total cost is then divided by the number of lots or parcels in the unit, and that computation gives you the amount of the assessment levied against each property. Therefore, each lot within a unit pays the same amount. Amortization schedules for each unit are located on the District’s website Village Community Development Districts

Home prices are not dropping like the national average here in the Villages. This is a resort area, and prices are on the high side.

Don’t expect a 30% price drop (I think the level of price increases will just slow), but prices will continue to rise here. Prices are dropping because interest rates are increasing, too many cash buyers in the villages.

Make sure you understand the property lines and property access, as well as the restrictions.

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You mean less infrastructure means lower bond, right? No, than what do you mean?

um, this is a resort area?

me thinks some people have a very high opinion of houses in the middle of rural florida. .

They're able to sell and close over 100 new homes a week for some reason.

thinking this is a resort isn't one of them. .