Cohousing-L Mailing List: Re: Question about sharing common construction costs

[Diana Carroll (dianaecarroll]

Not sure I really understand the question. What are "common costs"?  Are you 
referring to the cost of constructing common property?  Or "soft" costs like 
legal fees, architecture etc?

Mosaic commons worked in what I assume is the standard condo model: all costs 
for the whole project were added up (construction of all homes and common 
facilities, land purchase, legal and marketing and engineering costs and 
everything else). Then the cost if each home was set so that the total income 
from selling the homes would cover all the costs (about $20M in our case)

The price of homes was roughly proportional to the square footage with some 
adjustment built in to make it fit more closely to the local condo market. (eg 
1brs were slightly more per sq ft than 4brs) (also in our case we subsidized 
some affordable units...that subsidy is also part of the total cost of the 
project.  Those units were priced well below market rate according to prices 
set by the state)

Does that help at all?

Diana

Sent from my iPhone

On Nov 12, 2010, at 8:57 PM, sara silverstone <ssilvers [at] brockport.edu> 
wrote:

> 
> If you were a part of developing a new cohousing community that involved new 
> development and construction, how did you split up the common costs? The 
> third neighborhood at Ecovillage Ithaca (TREE) wants to know. The first two 
> neighborhoods used two different methods and some people were not happy with 
> their outcome. Did you split all common costs equally per unit? 
> Proportionally by unit price or square footage, or some combination? What was 
> your rationale and how satisfied is your community with the results?
> Sara
> TREE apportionment Committee Chair 
> _________________________________________________________________
> Cohousing-L mailing list -- Unsubscribe, archives and other info at: 
> http://www.cohousing.org/cohousing-L/
> 
>