Cohousing-L Mailing List: Re: cohousing premium?

[Dick Margulis (dick]

Diana,

Thanks for your response. I'm sorry that I didn't state my question clearly.

My question is about the difference in selling price, not the difference 
in appraised value.

In other words, if I see a cohousing unit listed for sale for $600K, 
would a similar-size conventional condo nearby also be listed for $600K, 
or would it likely be, say, $500K?

Dick

On 11/27/2020 11:23 AM, Diana Carroll wrote:
> No premium. I've worked with zillions of appraisers now and they don't care
> at all. It's all about the square footage and number of bedrooms, and maybe
> a really small premium for having more amenities, but for all the
> intangible benefits of cohousing? Nada. AND if you add in the fact that
> most cohousing units are smaller than corresponding conventional
> units...cohousing is kind of a minus on the appraisal front.
>
>
>
> On Fri, Nov 27, 2020 at 10:09 AM Dick Margulis <dick [at] dmargulis.com> wrote:
>
> > If you are looking at a cohousing unit and at a comparable non-cohousing
> > condo, what is the average premium for the cohousing unit?
> >
> > Has anyone studied this question and come up with a US average?
> >
> > Lacking that, if anyone has done this exercise for their own community,
> > would you please comment?
> >
> > Thanks,
> >
> > Dick Margulis
> > Rocky Corner
> > Bethany CT