Special Assessments

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The assessments are for central water and sewers and are part of a 5-year utility expansion project.

Since Cape Coral has grown so quickly, the City of Cape Coral wants to connect all properties within the city limits to central water and sewer and the homeowner has to pay for it.

If you buy a home in the older part of town, which is the SE part, you don't have to worry about it, because most of those homes already are connected to both central water and sewers.

Some of the SW and NE has both assessments or just central water.

The NW section homes have wells and septic systems.

If the home you're interested isn't connected, you will want to find out when the city plans to put them in for your area because that will eventually cost you around $25,000.

That price includes hooking up to the connection, impact fee, permits, filling in the septic, and actual assessments.

Because of the economy, the city realized that homeowners would have a hard time paying for the special assessments Cape Coral has postponed continuing with the project.

The city has a website page where you can check the expansion schedule.

Homeowners have several ways to pay for the assessments. You can pay all at once at a discount, or through two payment plans, either in installments or through property taxes over a number of years.

You can use water and sewer assessments as a negotiating tactic if the house doesn't have them yet.

Some houses for sale have already done just that and offer assessments in, fully paid.

The bottom line that you need to ask about Cape Coral's assessments: is the house connected to water and sewer and have they both been paid for in full.

The other issues you should know about when purchasing a home in Cape Coral:

Chinese Drywall

Problems with Bank Loans for Condos

Foreclosures and Short Sales

If you are interested in buying a house in Cape Coral, and don't have a realtor, my realtor, George, is the best!

He would be happy to help and guide you regarding these real estate assessments so that you can make intelligent and worry-free decisions when buying a home.

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