Hello Bella and thanks for your question.
Perhaps your agent should have explained or perhaps it was assumed that you understood what it meant by "private road." If the words "private road" or "private access" appear in the sale documents, the Sellers are letting you know in advance that you and the other (in this case) 14 homes along the road have use of and own roadway leading to your home. If there is not a homeowners association managing or maintaining the roadway, then those homes that use the road exclusively are charged for all of the maintenance and replacement responsibilities. To prevent misunderstandings, the community's builder often has the maintenance requirements formalized in a document called a "Reciprocal Maintenance Agreement" or a "Roadway Maintenance Easement", which is an obligation to repair the roadway and to pay for the costs of maintenance. Often these restrictions are a part of the deed to the home, making the obligation to participate by paying fees a responsibility of anyone who owns the home or, in essence, a deed restriction.
At this time, you might ask to see a copy of the roadway maintenance easement or agreement and then determine if the added costs can be comfortably paid with the mortgage. Otherwise, please remember that anytime the word "private road" is included, assume that you will be responsible for maintaining the roads.
Grace Morioka, SRES
Area Pro Realty