|Re: Seeking Examples of Cohousing Implementation Plans||<– Date –> <– Thread –>|
|From: Katie Henry (katie-henryatt.net)|
|Date: Wed, 7 Mar 2018 13:40:22 -0800 (PST)|
This is a huge question, as others have mentioned. It might help to break it down into smaller chunks. You might consider hiring a cohousing consultant to assist with the community development aspect. They'll help you define goals and timelines. Doing it yourself is hard. There's a lot of wisdom out there, and it's worth paying for. You didn't try to do the architecture by yourselves, did you? :-) Here are some quick, random thoughts on my area of expertise, large multi-family building management. The Community Associations Institute is a good resource for legal and financial guidance. They have state and local chapters. https://www.caionline.org/pages/default.aspx Katie Henry ------------------ Will you hire a management company or self-manage? Either way, there are maintenance contracts that need to be in place at move-in. Find out from your project manager who is installing this equipment, and call the company. 1. An elevator maintenance contract, plus the service that monitors the emergency phone, plus a company or a community member to coordinate the regular inspections (or however it's handled in your jurisdiction). 2. Do you have a central fire alarm/sprinkler system? There will be a service contract, plus more phone lines for the monitoring service, plus inspection requirements. 3. Any other contracts -- cleaning, landscaping, trash hauling, HVAC, extermination, snow plowing, laundry equipment, building access (key fobs/card readers, etc.), cable/internet? 4. Not required, but I encourage you to attend fire inspections during construction and get to know your fire marshal. You can learn a lot. The correct answer to anything he says is "Yes, sir. Right away." After you move in, have a shift of your local firehouse over for dinner. ------------------ Find someone to conduct a reserve study and figure out what your reserve contributions should be. The sooner the better. Line up condo insurance. Add up your contract expenses, the reserve contributions, and your insurance cost to start planning your operating budget. Add utility costs after you move in. Assume that your HOA dues will go up after move-in. How HOA dues are calculated is always a contentious subject. By household? By unit size? By number of occupants? A mix? Will your HOA dues have a community benefit component? (Money collected to pay for things other than the usual building and legal expenses, such as social activities or training.) For what and how much? Calculated by household or ...? ------------------ How are you going to handle financial matters? (Collecting dues, paying bills, managing cash, etc.) Management company, CPA, or yourselves? A big issue that you should grapple with now -- how will you reimburse community members for expenses? Please err on the side of trust. Don't make it too hard for members to get things done. ------------------- How are you going to handle legal matters? A lawyer or a management company? Who is creating your condo docs? -------------------- How will your board be set up? The basic requirements (number of members, etc.) are probably defined in your condo docs. What will the board's duties be? Entirely focused on traditional board matters (legal, financial, and building)? Or also involved in community affairs? How will you select board members? This can be a BIG issue. What characteristics do you want in board members? Warm, fuzzy people who are good at dealing with conflict? Or people who can take on tasks and get things done?
- Re: Seeking Examples of Cohousing Implementation Plans, (continued)
Re: Seeking Examples of Cohousing Implementation Plans Elizabeth Magill, March 6 2018
- Message not available
- Re: Seeking Examples of Cohousing Implementation Plans Chris Terbrueggen, March 6 2018
- Re: Seeking Examples of Cohousing Implementation Plans Ann Zabaldo, March 7 2018
- Re: Seeking Examples of Cohousing Implementation Plans Elizabeth Magill, March 6 2018
Re: Seeking Examples of Cohousing Implementation Plans Chris Terbrueggen, March 7 2018
- Re: Seeking Examples of Cohousing Implementation Plans Sharon Villines, March 8 2018
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