Private house expansion | <– Date –> <– Thread –> |
From: David Entin (davidentin![]() |
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Date: Thu, 15 Oct 2015 06:59:11 -0700 (PDT) |
I just wanted to respond to Chad Perry in Austin, Texas. If I understood correctly, Chad made the statement that "most" in cohousing who are able to expand the space in their homes have done so, based on his observations. If by "most" he means a majority, I would question that statement, though there is the qualifier about being able, implying there are some (many?) who are not able to increase their private space. In our community of 28 units, after ten years, two units have made major additions, and two or three have finished part of their basements or attics. This is certainly not a majority. People were able to decide on the size of their units before signing a contract and decided based on their budgets and household size and needs. Our units range from around 800 sq ft to about 2,500 sq ft, with the median in the middle. We do have a requirement that those who add to their usable space must pay for common costs to the community, based on a complex formula. Funds from this account have been used to pay for community capital projects approved by community consensus. In response to the comments about cohousing being at or below market rate: Ten of our units have been sold since move-in ten years ago and just about everyone sold for fifty thousand or more above original price, including during the recession. I have concluded that we were lucky due to several circumstances and were originally priced below market. David Entin, Rocky Hill Cohousing
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