The Villages Cost of Living Calculator - Bond and Taxes

[@kdharley07]

Thank you Dave for all your hard work for us. Very much appreciated. Ken

[@DavidMonty]

Thanks for listening

[@lauralampe1664]

Very useful information. When I visited The Villages in May, I went to 2 open houses for new patio villas in the Village of Newell. The Villages sales reps said the bond on these is $23K...yikes. If I do end up buying in The Villages when I retire, I think I will stay north of Lake Sumter Landing...low or no bonds, shopping & dining access.

[@DavidMonty]

Hi Laura, sounds good. Just so you know though, there are not building new homes north of HWY 44.

[@lauralampe1664]

@DavidMonty yes, I know. I am leaning buying north of 466, but I still have time to change my mind.

[@bobde1120]

Dave, thanks a lot, very informative.really appreciate this and all your videos. They are excellent

[@DavidMonty]

Glad you like them!

[@AllenAitken]

Great information. It does not include taxes in the income section. I just did a negative 20% in the other line. I’d love to see information on closing costs for new homes. Thank you

[@DavidMonty]

Doing taxes on this spreadsheet would be very complicated, since so many factors go into taxes. They are not flat rate. So, I suggest putting net income into the calculator. I will take your advice and put closing costs as an estimate or another tab on the spread sheet (good suggestion).

[@DWilliam1]

Thanks for a comprehensive video. After looking at these numbers, I’ll probably stay at my place in South Carolina which is much more reasonable even factoring in state income tax.

[@DavidMonty]

I really like SC. Probably cant go wrong there :)

[@jimosburn1913]

Good job!

[@gbw003]

Thank you Dave, excellent info. My question is when you buy a home in the villages and the bond isn’t paid off when do the bond maintenance payments start ?

[@DavidMonty]

Hi there, the bond is a tax and the tax bills come out mid fall and due Jan 1st. You will only pay for bond and taxes for the days you own home. Taxes are prorated with the seller.

[@gbw003]

David, When do the CDD payments start, after you paid off the bond or as soon as you buy the property ? Thank you

[@DavidMonty]

@@gbw003 CDD is also on the tax bill which comes in the fall. It starts as soon as the home is built and does not go away. You can think of this like a road maintenance tax.

[@beachbum6351]

Thank you Dave. This tool takes the guess work out which is appreciated.

[@DavidMonty]

You are welcome!

[@ccgaskell]

First time watching you.. thanks for the great info. Two questions. Wouldnt it make sense that eventually (how long that is, who knows) they will be building conveniences in those southern locations ?? and out of curiosity.. do you live in the Villages ? or just help people find homes. I will go back and watch other videos now that I have found you, but figure I would ask here in case it doesnt come up at the other videos. PS. I am a budget nut as well.. I retired 18 months ago and track every penny I spend, based on a very detailed budget I set right before I retired. Take care and hoping to talk the wife into a lifestyle visit this spring after our trip to Fort Myers.

[@DavidMonty]

I think it will take a upto 5 years, if not more, before you see stores and doctors in the newer areas. Brownwood is not completey leasted out after 8-9 years.

[@MagicTheMastiff]

Thank you very much, great job as always. Thanks for sending this very helpful tool to my email. Look forward to more videos. Have great day.

[@DavidMonty]

You are welcome!

[@matthuet4417]

Thank you for your efforts.

[@DavidMonty]

My pleasure!

[@lauralampe1664]

Have you heard people in The Villages commenting on high homeowners insurance increases in the past few months? The media keeps saying that Florida homeowners are paying the highest insurance premiums in the US. Or is that for homeowners on the Atlantic & Gulf Coasts of Florida?

[@DavidMonty]

I am going to do a video in this in the next couple of days. The short answer is that the HIGH rates you are hearing are nearer the ocean. I just got a quote this week for my home - 2300 sqft, $862 annually. Now my house has a 5 year old roof, so that helps. But, I will go into more detail on the video.

[@lauralampe1664]

@@DavidMonty great to hear that. All I have been seeing on social media is that homeowner's insurance went from $1,200 or $1,500 a year to $2,300 to $2,500 and up. If I do move to The Villages, my home size will be patio villa or maybe a small ranch...1,300 square feet would be plenty for me. I know the age of the roof is very important in Florida. I look forward to this video.

[@roadrnnr2008]

Thanks Dave

[@DavidMonty]

You are welcome!

[@PaulineHurtubise]

Hi David, we are looking to rent for the month of October and was wondering if you also do rentals. We were looking at renting 2262 Montbrook Place, The Villages. thanks in advance

[@DavidMonty]

I dont do rentals. But, if you send me an email, I will send you a list of companies that can assist you. [e-mail]

[@LoganJoannesRollerCoaster]

This is awesome!

[@DavidMonty]

Yes sir, it is :)

[@SamMcMillan-nx6tp]

Dave, please send me the calc. Thx

[@DavidMonty]

Hey Sam, Please email me at [e-mail] as I dont have your email address to send it.