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Is Co-housing the way of the future?

By
Real Estate Appraiser with Estimation Nation Corporation

With the fall of creative financing and option of home buying becoming less available to a larger piece of our demographic, some people are clinging to the idea of co-housing or shared living communities. 

One such community is happing just down the street.  The Daybreak Cohousing Community has ‘broken ground' on a new project.  When I say broken, I mean dismantled a great set of ‘horse shoe apartments' circa 1943 (that were in decent condition and rather iconic to the neighborhood in my eyes) in preparation for their new fancy building.

Knowing my past experiences with roommates, I'm sure that this would never be my calling.  But I am fascinated in the Daybreak community's plight.  First off (and perhaps unfairly and incorrectly), I think of people that want to participate in commune-style living to be hippies... suns of the earth... tree huggers... And yet they've taken these perfectly fine buildings and re-purposed them into modern day condo-like hipster housing. (When I use the words ‘dismantle' and ‘re-purpose' I do mean that they are consciously re-using as much of the original structure as possible to build their ideal community).

What made the original apartments so charming was the huge maple tree that sat in the middle of the horse shoe.  Other than severely trimming the tree back to make way for construction, they've thus far managed to save it.  In fact, it might be bad karma to take the old tree to the ground now after they had their ground-breaking ceremony under the tree and adorned it with Tibetan prayer flags.

I would imagine that this project is created for both social and financial endeavors.  To become fulfilled by creating a community within a community while sharing the costs.... And they might save quite a bit of money on this venture.   There appear to be 16 families participating in the community and if they keep their building budget under $2,000,000 they stand to save $75,000 to $200,000 on a ‘similar' (a term loosely used under the circumstances) condo. Hey, this could be the new wave.  Now reselling their space in the community when they decide to move on might be another story all together. 

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Karen Cooper
Karen Cooper | Sr Mortgage Loan Originator ! NMLS # 223305 | First Federal Bank of Florida, Ocala, FL - The Villages, FL
Helping Homeowners w/Home Loans in 27 US States

Sara - we have a couple of co-housing projects in our neck of the woods too. I understand your first instinct, but I believe the folks drawn to this community style just want a closer sense of belonging in their community. I'll be watching to see how the latest community does, hoping it doesn't become clichish or NIMBY like.

Oct 11, 2008 07:26 AM
Anonymous
Kristin

Sarah -

I am one of the members of Daybreak. (Members are those of us that belong to the community and plan to live in it). I sense some curiousity within your post. Is this accurate? I'd invite you to come get to know us a bit if you are curious. Our events are listed on our website. We just had a neighborhood meet and greet over at Yeti's to meet more of our future neighbors. We invited at least 100 immediate neighbors, plus the neighborhood association. We hope to be good neighbors and hopefully be a positive contribution to this already fabulous neighborhood and community. My husband and I moved into the neighborhood last December and are loving it!

Also, in case folks are interested, I'll let you know a little bit about us. (You can also find out a whole lot from our website which Sara has linked in her post (thank you). You can also look at gleam lots more information about intentional communities and cohousing specifically from many of the resource links on our website including: Cohousing.org.

Some members in our community may fit into one's vision of being hippy-like, but I'd venture to guess that most of us do not. If you come to meet us, I think you'd find a bunch of pretty regularly quirky people (as I believe most people have querkiness of some sort) that really are looking for a closer sense of community where we live. We are interested in living in what we like to call an "urban village". Our members currently range in age from about 8 weeks to 70 years.

We will eventually be 30 households (and are building 30 units). Sustainability was very important to us and have tried to be sustainable as much as we can. I understand your thoughts about the 12 units that went down. It was a difficult decision for us to make as well. I'll share a little here and I'd be happy to share more about it if you want to hear it.

Sustainability is very interesting to me. I personally work in a field where we work to be sustainable. However, there are trade-offs to everything it seems. For instance, in this case, putting 30 units on a close-in property that previously only had 12, is providing more density in an urban setting. Removing the cars from the site and providing more green space on the property is also sustainable for stormwater management, etc. However, then it is taking more resources to build those 30 units and there is energy and some additional resources in being able to reuse the materials that came out of those 12 units. And what can't be directly reused takes energy to be recycled (and sadly some of it - though really very little - did end up in a landfill). And we get the benefit that the new units will be better insulated, more energy efficient, the site will now manage stormwater on-site, etc. etc. So the long-term use of the site is arguably more sustainable then continuing to have 12 units which are leaky, has 100's of SF of asphalt,  doesn't manage stormwater onsite, places 18 more units somewhere else, etc. etc. But the materials would then be staying intact, they wouldn't require lead paint mitigation, or any of the extra energy or materials, etc. that I listed above. And with some additional work and materials, they could have been rehabbed, insulation increased, different heating systems put in, etc. It's an interesting philosophical struggle to me and there isn't a right or a wrong. They are just different approaches.

So Sara, thank you for taking notice of our project and posting this. I hope you do decide to come and meet us at some point. Perhaps you'll even want to join us for a meal in our common house sometime after we move in. Or perhaps you'll decide you want nothing to do with us, and that's okay too. We hope to be a positive addition to this neighborhood. Karen, thank you for your support as well. Which communities were you referring to? Where are your neck of the woods? We hope not to be clichish or NIMBY like either. Our intention is quite the opposite and we are all learning as well.

Cheers!

 

Oct 11, 2008 09:26 AM
#2
Sara Goodwin
Estimation Nation Corporation - Portland, OR
Portland, Oregon Appraiser

Hello Karen - This very well could be the new way of habitation the future. I will keep this blog updated as I learn more.

Kristin - I love that you found this blog!  I do hope that you don't think I dislike the idea (or hippies :-) ), but I am most curious about it.  In fact, I envy it in a way.  I would like to meet with you and your community.  Feel free to email me offline and I will look on your upcoming events plan for something I might be able to attend.

Oct 11, 2008 12:00 PM
Anonymous
Raines Cohen, Cohousing Coach

Sara,

It's great to see appraisers interested in learning more about cohousing. So often we get evaluated just based on our (relatively small) units, without factoring in the benefits of the extensive common facilities.

As Kristin mentions, this movement is all about building sustainable community, private homes (condos) with large shared areas, with resources to support being good, connected neighbors.

I've visited more than 80 of the 115 established cohousing neighborhoods across the U.S., including all of the Portland ones, and never cease to be surprised and amazed by the power of this unique mix of privacy and community to find innovative solutions that go way beyond the "sticks and bricks" of green building to promote sustainability and quality of life.

There is a vibrant resale market in cohousing, with units selling at or above comparable prices for nearby equivalent-size and -age and -type properties, often with shorter times on market.

A PDX-area bank was recently quoted as saying that they can proceed with cohousing in this market when they can't with conventional development, because the future residents are engaged and co-invested in the project, so the risks are lower.

Don't forget to also check out the just-finishing Columbian EcoVillage not far from the Daybreak site, as well as other long-established area communities, including Trillium Hollow and Cascadia Commons.

Raines Cohen, Cohousing Coach, Planning for Sustainable Communities (at Berkeley (CA) Cohousing)

Northern California Cohousing Regional Organizer (who promises never to move to OR, fear not ;-))

Oct 12, 2008 12:10 AM
#4
Suzanne Champion
N.J. Realty - Westerville Ohio - Columbus, OH

Interesting post.  Sounds like you have some very willing participants in your area - I think it would take a while before it caught on around here.  Just like any condo, it's not a fit for everyone's lifestyle, but it does seem to offer more than regular condo living.  Still, you never know...this area probably didn't expect to have so much interest in Green building as it happens to right  now (both commercial and residential).

Oct 12, 2008 12:58 AM
Sara Goodwin
Estimation Nation Corporation - Portland, OR
Portland, Oregon Appraiser

Hello Raines - You caught me by surprise.  I really didn't consider the thought of appraising a co-housing unit.  Now I'm imagining it might be challenging and fun.  It is also good to know that there is enough of a demand for these units that they might not sit vacant too long.  Thanks for the additional information.

Suzanne - The more I think about it, the more I'd like to know where other cohousing is popular.  I think I'll pop on to Raines' link and educate myself.

Oct 12, 2008 04:32 AM
Anonymous
Kristin

Me again,

Sara - the "hot-bed" areas for cohousing are generally considered to be: Northern California, Seattle, Colorado, WA DC and Boston. But they are scattered throughout the US and Canada. Originally started in Denmark, where there are far more. There are a few books on cohousing now (cohousing is actually a term coined in the US, it has a different name in Denmark, which escapes me). And there are multiple in Portland already.

Oct 13, 2008 04:48 PM
#7