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

[Catya Belfer-Shevett (catya]

I'm nervously waiting for my appraisal to come back now :)

That said, Wainwright has some clue about cohousing and appraisals.  How 
much, I can let you know on Monday.

        - catya

On 2/20/2009 3:39 PM, David Heimann wrote:
> 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
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--
Catya Belfer-Shevett   ~   webmaster, www.cohousing.org
www.catya.org   ~   Cohousing in MA! www.mosaic-commons.org