Market for large homes?
From: Fred H Olson (fholsoncohousing.org)
Date: Sat, 16 Aug 2003 10:37:24 -0600 (MDT)
Carrie  Carriexp [at] aol.com
is the author of the message below. 
It was posted by Fred the Cohousing-L list manager <fholson [at] cohousing.org> 
because the message included HTML ;      PLEASE do not post HTML, see
   http://csf.colorado.edu/cohousing/2001/msg01672.html  and
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--------------------  FORWARDED MESSAGE FOLLOWS --------------------
Hi All,

My family is exploring the possibility of joining the Rocky Hill Cohousing
Community that is soon to be built in Northampton, MA.  Most likely, we
would be interested in building one of the largest homes in the community
with a fair number of customizations. Concerned about the resale
implications if we should choose to do this, I am wondering what has
happened in other cohousing communities when large customized homes come
up for sale.  Have they sold quickly and easily?  Is there much of a
market for large homes in cohousing? Have the owners been able to get a
fair market value for their homes that is above what they paid to build
them?  In facing this major decision, the advice and experience of others
on this list would be much appreciated.

Many thanks, 
--Carrie

P.S. A little more info...  At Rocky Hill, the resale price of a home will
be determined by a professional appraiser at fair market value.  The first
option to buy will be for the existing residents; next in line will be the
people on the waiting list; and lastly the home will be put on the open
market.  There are three other cohousing communities in the
Northampton/Amherst area, all with waiting lists. 





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