Hope to move into a planned community, condos or neighborhood with a ton of amenities? Be prepared for some extra fees tacked on to that monthly mortgage payment in the form of HOA and/or CDD fees. Why two fees you...
One of the things you’ll learn very quickly when starting your home search is that there are many more monthly costs than just a mortgage payment when it comes time to purchase a home. If you’re a buyer looking at new construction, you’re bound to run into a few communities with a CDD fee - or community development district fee.
You’ll find these fees in planned neighborhoods from Nocatee to Oakleaf Plantation to Julington Creek Plantation, and are another fee often in place or in addition to a Homeowners Association (HOA) fee.
So what is the quick explanation of a CDD fee?