Cohousing-L Mailing List: Re: cohousing and resale

[Sharon Villines (sharon]

On Apr 30, 2004, at 10:36 AM, Sharon Villines wrote:

> > Wondered if anyone would share experiences with resales of cohousing
> > units in their communities, specifically appraisals of units.
>
> Here again it depends on what kind of development you are.

There was a thought missing from this. If you are a lot development 
model with a commonhouse, look for condominium developments with 
clubhouses. Your appraiser may be looking at single home sales. You may 
have to go outside your immediate community to find such places but if 
you can you can then attempt to make an argument based on relative 
prices. "In such and such a community similar to ours, the condos of 
comparable size with a clubhouse sell for 10% more or some such 
figure."

It hurts us when we think that cohousing is entirely different than 
anything else out there. I've seen government subsidized housing for 
seniors and the disabled that is not unlike cohousing, complete with 
amenities. Many planned communities have similar assets. The difference 
is the population and that they are not self-governed or financed. The 
real estate is very similar. When you are thinking about appraisals, 
think real estate.

Sharon
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Sharon Villines
Takoma Village Cohousing, Washington DC
http://www.takomavillage.org