Re: Tips for selling/moving from own home to senior cohousing | <– Date –> <– Thread –> |
From: Alice Alexander (aliceanne4gmail.com) | |
Date: Sun, 30 Aug 2020 06:55:43 -0700 (PDT) |
Good question and an issue for most every forming group! At Durham Cohousing, we were delayed from moving in for a number of reasons, so there was much scrambling about living situations. Also an issue: having the capital to invest in our cohousing meant for many of us having to sell our homes before move in. There are a number of creative solutions we considered, several of which build community: - Members joining together to rent a house or apartment together; remember this is temporary so an opportunity to down size, even temporarily. - Members who choose to stay in their homes, to sell after construction is complete, can invite other members to co-household with them. - Some put everything in storage and went on extensive travel, "let me know when I can come home." - Some folks have 2nd homes where they can stay for extended periods, or allow others to stay. - Many are able to house sit for friends and family; at Durham Coho, if memory serves one of our members ending up house sitting for 3 different families because of our delays. I can't recommend purchasing homes for the short term; that's too much commitment and hassle! Alice Alexander Durham Central Park Cohousing Durham, No Carolina <http://www.avg.com/email-signature?utm_medium=email&utm_source=link&utm_campaign=sig-email&utm_content=webmail> Virus-free. www.avg.com <http://www.avg.com/email-signature?utm_medium=email&utm_source=link&utm_campaign=sig-email&utm_content=webmail> <#DAB4FAD8-2DD7-40BB-A1B8-4E2AA1F9FDF2> On Sat, Aug 29, 2020 at 10:11 PM Katie Henry <katie-henry [at] att.net> wrote: > Most of our members/future residents own their homes and will be selling > to move into cohousing when construction is complete in about a year and a > half. Does anyone have any tips for managing the timing? If a house sells > quickly and construction is delayed, some members could end up living in a > hotel for too many months. The housing market in Tulsa is currently very > healthy and short-term rentals are scarce and expensive. This is causing a > lot of stress for some members. > > Have any communities done anything as a group to mitigate this risk? A few > of us have tossed around the idea of buying two or three units in a nearby > condo community. They're affordable enough that individual members could > pay cash and the HOA fees aren't bad. The other members (either all members > or just those with houses to sell) would chip in to reimburse the buyer for > the monthly expenses. It would be like an insurance policy. Whichever > members need housing and stay there would pay market rent. Once everyone > has moved in, the condo units could be sold or kept as the buyer prefers, > with no further reimbursement from the community. > > Is this nuts? There are obvious risks - big special assessments, unable to > sell, etc. - but also potential upside. > > The other issue is getting rid of a lifetime of stuff, but that's a > different thread. > > ----- > > Katie Henry > Heartwood Commons - Tulsa > A senior cohousing community in lively, progressive Tulsa > Construction starting in September! > Reserve your home now! > https://www.facebook.com/HeartwoodCommonsTulsa > https://www.heartwoodcommonstulsa.com/ > _________________________________________________________________ > Cohousing-L mailing list -- Unsubscribe, archives and other info at: > http://L.cohousing.org/info > > > > -- Alice Alexander
-
Tips for selling/moving from own home to senior cohousing Katie Henry, August 29 2020
- Re: Tips for selling/moving from own home to senior cohousing Alice Alexander, August 30 2020
-
Re: Tips for selling/moving from own home to senior cohousing Sharon Villines, August 30 2020
- Re: Tips for selling/moving from own home to senior cohousing Sherry Sank, September 2 2020
- Re: Tips for selling/moving from own home to senior cohousing Fred-List manager, August 31 2020
Results generated by Tiger Technologies Web hosting using MHonArc.