There are a lot of new construction homes being built right now in Irvine, California that offer the latest modern finishes and style. A lot of people gravitate to these types of properties since they have never been lived in and are located on a new community with lots of amenities for residents to use. Many buyers get excited about these new homes until they break down the costs to live there. On top of paying a monthly mortgage (if not all cash) you will have monthly homeowners association dues and an additional tax that is referred to as Mello Roos.
What exactly is Mello Roos? It's best explained from the builders point of view. When a builder is building a new community and doesn't want to pay for the sidewalks, streets, parks, etc they can
…