CDD New Construction Rip Off?

In this video, we'll explore the ins and outs of Community Development Districts (CDDs) and what they mean for homeowners and potential buyers in Florida. 🌞🏠

Key Points Covered:

What is a CDD? Learn about the special type of local government that manages and finances infrastructure in new communities.
How is it funded? Understand how bonds and annual assessments work to build and maintain community infrastructure.
Breakdown of Fees: Discover the two main types of CDD fees – Capital Assessment and Operation & Maintenance (O&M) Assessment.
Pros and Cons: Explore the benefits of living in a CDD community, including well-maintained amenities and infrastructure, and the potential drawbacks like added annual costs.
As of 2024, nearly 600 CDDs affect hundreds of thousands of residents in Florida, with annual costs ranging between $2,400 and $3,600. Whether you're already living in a CDD community or considering buying a home in one, this video will help you make an informed decision.


Questions? Drop them in the comments below, and I'll be happy to help! If you found this video helpful, please give it a thumbs up and don't forget to subscribe for more real estate tips and insights.

Connect with me:

Instagram: @MovetoStAugustinefl
TikTok: @Jazedge
Website:LocalLivingwithJaz.com

Thanks for watching, and happy house hunting! 🏡✨

#CDD #RealEstate #FloridaLiving #HomeBuyingTips #JazEdge #CommunityDevelopmentDistricts #FloridaRealEstate #LifestyleRealtor
00:00 Introduction
00:50 What is a CDD
01:07 Who pays for it?
01:33 How long does it last
02:04 What does this mean for you?