Generally, homebuyers in master-planned communities are required to pay HOA (Homeowners Association) and CDD (Community Development District) fees. HOA fees, payable monthly, are for maintenance of common facilities within the neighborhood, while CDD fees, payable annually and billed with property tax, are for the upkeep of common infrastructure in the greater community. However, the good news is that there are no CDD fees for residents of SilverLeaf, generally a very substantial amount.
When you buy single-family or townhomes in Holly Forest at SilverLeaf, you have to pay HOA fees, which works out to $150 to $170 per month. The amount collected is used for the maintenance of common areas, landscaping, community entrances, walking trails, recreational facilities, and other amenity infrastructure, such as swimming pools, fitness centers, playgrounds, sports courts, and clubhouse.
HOA fees are not standardized across all households but depend largely on the lot size, builder, and the stage of construction. Homebuyers in Holly Forest should review the latest HOA documents before purchase to know the extent of HOA fees to be paid as a resident.