Cohousing-L Mailing List: Re: Fair market value of cohousing homes

[Philip Dowds (rphilipdowds]

Sorry, but the rule of thumb I’ve heard is quite different:  Coho amenities are 
roughly worth a bedroom.  In other words, with quality levels roughly equal, a 
coho unit with two bedrooms will cost about as much as a standard, amenity-free 
three-bedroom unit across the street.

Personally, I think the true truth is more complicated.  For those buyers who 
like the idea of collaborative, communal living, engagement and sharing, a nice 
unit in a successful coho is worth a lot.  For other buyers, who value privacy 
and anonymity, shun sharing, and hate meetings, a coho unit is worth very 
little.  So the trick (as always) is getting products and buyers matched up 
right.

RPD

On May 3, 2014, at 12:46 PM, Carol Agate <carolagate [at] me.com> wrote:

> 
> Everything I've heard is that the added facilities don't translate to added 
> value. The prices are pretty much the same as market rate for any similar 
> unit.
> 
> Carol Agate
> 
> 
> On Apr 30, 2014, at 11:45 PM, John Goldberg <johngoldberg [at] hotmail.com> 
> wrote:
> 
>> 
>> Does anyone have suggestions about how to determine the fair market value of 
>> cohousing homes, given their difference from more traditional condominiums?
>> Thank you,
>> John Goldberg                                          
> 
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