Re: Home prices for cohousing | <– Date –> <– Thread –> |
From: aamato (aamatoworldbank.org) | |
Date: Thu, 17 Nov 2005 11:30:48 -0800 (PST) |
Becky, We have 43 units and I would say we were, and continue to be, at market rate. I think this is because real estate in the Washington DC area is so expensive. That is to say, we didn't really factor in the additional cost of the common house into our homes. Since we were developer driven, the developer just sold us units for whatever the market rate was at the time. If this had been a less expensive real estate market, we would indeed have had to buy at a higher rate. I remember visiting such a cohousing community, and their homes were about 25% higher than comparable-sized homes in their neighborhood. There are many who say that cohousing adds value to homes, in purely monetary terms. I will go out on a limb here and say I disagree with that opinion for hot real estate markets. You could take one of our homes and plop it down in a standard development in our area and get the same price. Anna Takoma Village Washington DC Becky Weaver <beckyweaver@sw bell.net> To Cohousing-L <cohousing-l [at] cohousing.org> 11/17/2005 cc 02:14 PM Subject Re: [C-L]_ Home prices for cohousing Please respond to Cohousing-L <cohousing-l@co housing.org> Thanks everybody for your input. To re-phrase my question, in case it got lost in the shuffle - there a price "premium" on new cohousing homes, due to cohousing development costs, over other new homes in the area. Thinking back to when your community sold its brand-new homes for the first time around, what was that premium? I saw 21 - 27% for one community, which had 22 homes. Would you say that 25% is more realistic than 10%, for the purposes of setting expectations in a new development? I am especially interested in feedback from communities in the 34 - 38 unit range. Thanks, Becky Weaver Central Austin Cohousing _________________________________________________________________ Cohousing-L mailing list -- Unsubscribe, archives and other info at: http://www.cohousing.org/cohousing-L/
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Home prices for cohousing Rick Mockler, November 17 2005
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Re: Home prices for cohousing Becky Weaver, November 17 2005
- Re: Home prices for cohousing aamato, November 17 2005
- Re: Home prices for cohousing dahako, November 17 2005
- Home prices for cohousing - modest and standardized Chris ScottHanson, November 18 2005
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Re: Home prices for cohousing Becky Weaver, November 17 2005
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