|Re: appraisals||<– Date –> <– Thread –>|
|From: Lynn Nadeau / Maraiah (welcomeolympus.net)|
|Date: Sat, 1 Feb 2014 08:18:40 -0800 (PST)|
Does it being cohousing add to the value? Of course, if that's an amenity you want. If you buy a lot-and-house at RoseWind Cohousing, in Port Townsend WA, where I live, you not only get the house and 5000 sq ft lot, but 4.5 acres of common lands, a beautiful big common house to use, big vegetable garden, some orchards, berries, bees, playground swingset, equipment you can borrow, and best of all, 40+ neighbors who then consider you part of their community, some of whom are apt to quickly become your friends. Not like "just" buying a house. This is especially valuable to anyone moving here from some other area. Keeping all this up costs money: our operating and reserves budget comes to about $1000 a year per household, our assessments. For county tax appraisal, our properties seem to be "worth" about $45K more than comparable single lots. As resales, mostly ours go for about market value of comparable non-cohousing properties, as I look back over the years. If we only have one resale available, it may sell for more. Often we have none, as is the case now. But it certainly doesn't strike me as inappropriate that a property should be asking more, even a lot more, because of the amenities, tangible and intangible, of cohousing, especially in communities which have already evolved into going concerns. Maraiah Lynn Nadeau www.rosewind.org
- Re: appraisals, (continued)
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