Cohousing-L Mailing List: Re: Changes in condo fee if a unit is expanded?

[Sue STIGLEMAN (sstigleman]

At Westwood Cohousing in Asheville, we have a formula for calculating 
assessments that takes into account heated square feet in addition to a number 
of other factors.  We have had some people renovate their units, and it can 
affect their monthly assessment, as well as the portion of the heating cost 
that is passed on to them for our central heating system.  If you want more 
specific details, I can have someone from our finance team send you the 
formula.  

--sue
 Sue Stigleman sstigleman [at] bellsouth.net 828-989-9373

 
      From: David Heimann <heimann [at] theworld.com>
 To: cohousing-l [at] cohousing.org 
 Sent: Wednesday, January 4, 2017 3:01 PM
 Subject: [C-L]_ Changes in condo fee if a unit is expanded?
   


Hello Everyone,

     One of our residents is planning to expand their unit by finishing 
an attic which is exclusive-use common space for them.  This would expand 
the livable space in the unit by around 350 square feet, or an additional 
38% over their current space.  Does anyone on the list know what the 
impact can be/would be/should be on their condo fee?  Does anyone on the 
list have experience on this in a condo of theirs, cohousing or not?

Thanks,
David Heimann
JP Cohousing
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