Tagged : Carlsbad Homes with No Mello Roos

One of the most common questions we get from real estate home buyers is the question about Mello Roos.  I heard this term a lot when I first moved to California and had no idea what people were talking about.  It's worth getting to know this term as it can cost you a lot of money if the home has it.  It's pretty simple, home builders are always looking to save costs when building a brand new community.  Often times they will create a bond called Mello Roos which essentially pass on many of the neighborhood building costs to the buyer.  Things like sidewalks, streets, etc are costs that are often paid by the buyer in a Mello Roos bond.  The bond itself normally ranges around 30 years but I've seen it as low as 25 years, it all depends on various factors.