WHAT IS CDD IN FLORIDA

I have had the question asked what is CDD in Florida? (CDD) is spelled out as Community Development District. This is a special purpose governmental entity created to provide specific services and infrastructure to residential communities. Cdd's are primarily used in the development of new neighborhoods and are designed to manage the development and maintenance of community facilities and services. Here are some key points about what is a CDD. The purpose of a CDD is established to finance and manage community infrastructure, such as roads, water management systems, parks and recreational facilities. They can also provide services like landscaping, maintenance and security.

When it comes to financing this, the costs are associated with the infrastructure and services provided by a CDD are typically funded through bonds that are repaid over time through assessments levied on the property owners within the district. These assessments are added to the property bill. The benefits that come with CDD's can enhance the quality of life for residents by providing well-maintained amenities and infrastructure. They can also facilitate the development process by allowing developers to finance projects through the CDD. The regulations are governed by chapter 190 of the Florida statues, which outlines the formation, operation and governance of these districts.

Potential homebuyers should be aware prior purchase within a CDD community. These assessments can affect the overall cost of homeownership. 

WHAT AMENITIES ARE FOUND IN A CDD COMMUNITY

Common amenities found in a CDD community are a clubhouse that serves as a gathering place for all residences. These facilities may include meeting rooms, event spaces and areas for social activities. Swimming pools are often in these communities along with splash pads, lap pools and poolside cabanas or lounges. Fitness centers or gym's onsite offer residents access to exercise equipment, classes and wellness programs.

Parks and playgrounds, green spaces provide recreational opportunities for families and children, picnic, dog parks, jogging, biking, walking paths are generally offered. Community events and activities are often organized, such as holiday events, celebrations, movie nights and fitness classes foster a sense of community and engagement among residents.

Gated communities are often provided with security guards with roaming patrol to show a sense of safety and privacy. These amenities can vary widely depending on the specific CDD and it's budget, but they generally aim to create a vibrant and enjoyable living environment for all residents. Lean on you trusted advisor to see even more if a CDD community is for you.

TRUSTED ADVISOR

As a trusted advisor, professional realtor and military veteran I am here to serve you in the Dr. Phillips and the Central Florida housing market. Whether it's a housing crisis or or local market question, real estate decisions are increasingly driven by fear, doubt and uncertainty. We as trusted advisors drive the real estate community by preaching the gospel of real estate. I emphasize that education is a must for the community to ensure you are making the right decision.

Part of my job is to keep you informed and educated of the local housing trends, buying and selling information to include real estate common terms and videos. Don't get confused with the media, they talk national data, I can provide the most current and up to date local data.

So don't let this shifting housing market delay your dreams, data reveals home values typically appreciate over time and that gives your net worth a nice boost. When looking for a home, look for your realtor with the heart of a teacher. If you are ready to start your journey, contact Kevin Strawter at 850 496-6412 to help begin a new walk to homeownership and all your real estate needs. Always taking referrals.