My builder sent me a document that states the following:
"The following fees may be placed on new construction and addition building permits:• ALS IMPACT
• POLICE IMPACT
• ROAD IMPCAT
• FIRE IMPACT
• PARK IMPACT
• SCHOOL IMPACT
• SCHOOL ADMIN
• UTILITY FEES
• FIRE DEPT FEE (for plan review and inspections)
• BUILDING PERMIT FEE "
Based on the Cape Coral online calculator, these fees could total up to $10K. Does anyone have experience with these fees? I'm wondering if they are usually all included in the permit process for new construction, or if I should expect to pay any of them in the future, similar to a tax bill.
Thanks in advance!
Impact fees are typically paid upfront. Water/sewer assessment fees, common in Cape Coral, can be added to the property taxes.
This is one of the many reasons why I encourage my investors to buy from developers who require "end-loans" only. When you financing the build, you are responsible for all components of the build. Buy from a spec builder, you are only responsible for the finished product. Although yes, they are common, they should be provided during the decision making process. I would ask them directly how much each of them are and how they are paid. You also should already have your septic costs as well. If they didn't you should ask for that as well.
We can discuss privately other alternatives.