Cohousing-L Mailing List: Cohousing difference or premium in unit appraisals

[David Heimann (heimann]

Hello Everyone,

	A unit owner here at JP Cohousing would like to refinance their 
mortgage, and needs an appraisal of the unit.  It's probably a 
straightforward matter for a real estate appraisor to evaluate a 
two-bedroom with loft unit in Jamaica Plain operating as a regular 
condominium with no common facilities, but more difficult to figure out 
the difference between that and the same unit in a cohousing development 
with a common house.  Does anyone have some experience as to the value of 
the "cohousing premium"?  I'm thinking that some folks may have had their 
unit appraised in a non-cohousing fashion and then actually sold or bought 
(or refinanced) that unit a short time later.

	I thank you and my fellow unit owner thanks you for any 
information you may have.

Regards,
David Heimann
Jamaica Plain Cohousing