Cohousing-L Mailing List: Appraising Coho Amenities

[Sharon Villines (sharon]

On 6 Feb 2012, at 9:04 AM, Rebecca Reid wrote:

> I just had my house at Pioneer Valley appraised, and the appraiser added 
> $50,000 for amenities of cohousing.
> The amount added to appraisals over the years has gradually gone up for 
> whatever reason.

It would be wonderful to have some sort of statement to this effect from a real 
estate agent or appraiser. When communities were having difficulty getting 
financing in the late 1990s, a cohouser put together a spreadsheet of all the 
banks that had given construction loans to communities.

The appraisers in DC have said consistently, not just recently, that they can't 
appraise the amenities becausse there are no comparables. Knowing that it is 
done in other places, and how, would be very hellpful.

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