Cohousing-L Mailing List: Re: re: cohousing and resale

[Sharon Villines (sharon]

On May 2, 2004, at 12:16 PM, Dave & Diane wrote:
>

>  buy the unit for the common amenities and the spirit of group 
> cooperation would be lost over time.
One of the things you learn very fast in cohousing is that the common 
amenities do not exist without a spirit of cooperation. Work or  money 
is required to maintain them.

The company that did our reserve study said a conventional condominium 
would require 400 units to support our commonhouse, hot tub, etc., and 
still be competitive in the housing market.

Since we are supporting these with the condo fees of 43 units, it would 
take approximately 6 times higher fees without the offsetting labor, 
Our fees now are comparable to those of other condos without the 
amenities.

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