Cohousing-L Mailing List: Re: Home price for cohousing, over price of surrounding comparable houses

[Robert (robert]

Becky,

I believe that part of the answer may be how many units can spread the cost of 
the common area (common land, Common House, infrastructure).  Eno Commons, 22 
units, had a higher premium.  I believe it was about 21% for the small lots and 
about 27% for the large lots.

As 22 units is on the smallish side of the cohousing spectrum, I guess if you 
have more units, the common carrying cost would be less.

Good luck!

-Robert Heinich
 Eno Commons Cohousing
 Durham, NC
 where we will have Leftovers Movie Night in the Common House West Wing the day 
after Thanksgiving


----- Original Message ----- 
From: "Becky Weaver" <beckyweaver [at] swbell.net>
To: <cohousing-l [at] cohousing.org>
Sent: Wednesday, November 16, 2005 1:34 PM
Subject: [C-L]_ Home price for cohousing,over price of surrounding comparable 
houses


> Hi all,
> 
> My group (Central Austin Cohousing) has been working under an assumption that 
> the initial price (i.e. not resale price) of a cohousing home will be about 
> 10 - 15% higher than the price for a comparable (same square footage & 
> construction quality) home nearby. In other words, we have been assuming that 
> the price for the common facilities and other cohousing-specific costs 
> average 10 - 15% per home.
> 
> My question is, what was that ratio for your community?
> 
> My goal is to get a handle on we should expect, and what we should aim for, 
> in terms of development costs/home prices. 
> 
> Thanks,
> 
> Becky
> _________________________________________________________________
> Cohousing-L mailing list -- Unsubscribe, archives and other info at: 
> http://www.cohousing.org/cohousing-L/
> 
>