Overview of the Project
We are building 35 units: 2 studios, 9 one-bedroom units, 12 two-bedroom units, and 12 two-bedroom suite units. Each unit is part of either a 2- or 3-unit side-by-side building. Except for the studios, all the units are customizable, offering the opportunity to add additional bedrooms and a bath, family room, office, etc.
The units have been designed and constructed to conserve energy and minimize carbon emissions. To avoid combustion of fossil fuels, our homes will be all-electric, which makes it possible for them to be powered entirely by renewable energy. The units will meet high indoor air quality standards. We are monitoring building performance during and after construction to ensure we meet or exceed passive housing standards.
The Common House is a shared facility of approximately 3300 square feet. It includes a dining/meeting room, a kitchen, laundry, mail/package pick-up, a workroom, and two guest rooms.
See our Our Buildings and Design Update & Development page for more information.
Ownership and Sales
Each household owns its unit and its share of the common facilities. The form of ownership is condominium.
Individuals will be responsible for financing the purchase of their unit and paying their property taxes. There is no profit built into the cost of the units —they will be offered for sale at the cost to build them. Monthly maintenance charges will include operating expenses, insurance, debt service, and capital reserves but do not include utilities for individual units. Our planned program of shared volunteer work will help to keep our maintenance costs down. We anticipate that such charges will be approximately $350.
When it comes to resales, experience has shown that houses in cohousing have held their value or have appreciated faster than the market as a whole. Any household leaving the community can legally sell their property and is entitled to the proceeds of the sale. The seller agrees to confer with the community regarding the suitability of the prospective buyer.