Home Buying in Ocala>Question Details

debbylefler, Home Buyer in Greensboro, NC

What do the HOA fees in On Top Of the World cover that the ones in Oak Run don't cover? We are looking at the adjoing homes in OTOTW.

Asked by debbylefler, Greensboro, NC Sat Aug 3, 2013

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Go to http://www.OcalaFLRealEstate4.U.com for lots of info on OTOW and other retirement communities in Ocala.
Bonnie Mills
Retirement Community Specialist
1 vote Thank Flag Link Sat Aug 3, 2013
Your HOA fees in the villas (adjoining homes) at OTOW also cover water and sewer.
0 votes Thank Flag Link Sun Aug 4, 2013
Thank you. What I am trying to find out is if things like water, sewer or electricity are included in the hoa fees for the houses that are joined together in OTOTW, which would make a difference in our cost of living.
0 votes Thank Flag Link Sat Aug 3, 2013
HOA fees in the villas of On Top of The World include all outside maintenance including lawns, but not any homeowner plantings. It also covers exterior painting, roof repair (but not replacement), property insurance on the building itself, but not on your contents or the interior. It also covers access to all of the amenities and the 24 hour guard gates, and I believe basic cable and trash pickup. On Top of The World is a leasehold, so you don't actually own the home, but you have a 99 year lease from the date of building. OTOW also only allows 70% financing for any purchase, so a 30% down payment is always required.

Oak Run HOA fees cover the amenities, the guard gates, common area maintenance, basic cable, and trash pickup. Some homes also include lawn maintenance, but at a higher rate than those homes that don't.
0 votes Thank Flag Link Sat Aug 3, 2013
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