Cohousing-L Mailing List: Re: Cost Range Question

[Judy Baxter (BAXTER]

This may be a bit late, but I'll chip in anyway.

My guess is that the range of the fees depends a lot on how much
common  space you have, what sort of common facilities that may have
associated costs, and how much you put into reserves.

In our case,  Monterey Cohousing, Minneapolis MN, our 'Big Building',
sometimes called 'The Mansion', houses 8 coop apartments and a LOT of
common space, in a 1924 building.  We are (that part) rehab/retrofit,
and have, therefore, considerable reserve funds, which we keep
needing.  Last surprise was the fire dept telling us we needed to
update our sprinkler system. 

So, our fees, 75% based on size, go into the mid $200/mo for the
larger homes.  We got a deal on the property, and has consequences.
Judy

----------------------------------------------------------------------
Judy Baxter, Monterey Cohousing Community,(MoCoCo) Twin Cities Area, Mpls.,MN
 a 3 BR townhouse is for sale
----------------------------------------------------------------------
-- e-mail:      baxter [at] epi.umn.edu

15 homes - 7 new townhomes plus 
        8 coop apartments       in the Mansion (a rehab Georgian building)
(built as a retirement home in 1924 -) which also serves as our Common House
coops moved in in 1993, townhomes in 1996
----------------------------------------------------------------------
 Voice Mail for Monterey Cohousing - 952-930-7554
 web page: http://www.jimn.org/mococo/ 

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