“Time is Money” 

-Developers’ Mantra

 

 

 

 

 

 

 

"To waste your time is to to waste your life, but to master your time is to master your life and make the most of it."

-Stanford Lee

 

 

 

 

 

COST vs VALUE of “Going Green”

Features that future cohousing residents often seek, such as high energy efficiency, alternative energy sources, living green roofs, or other environmentally friendly systems or features, may entail higher upfront costs, but result in long-term energy use/cost savings and other intangible benefits that enhance the value of their homes. Cohousing Collaborative is experienced and knowledgeable about the cost/benefits of current technologies, materials, and methods and works closely with joint venture members to keep their projects ON TIME and ON BUDGET.

 

 

 

 

Learn more about the development process...

WATCH From Dream to Reality: An Introduction to the Development Process

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FAQ's: How much? How long?

How much will it cost?

The variables from one project to another are too great to make a general statement about cohousing development budgets. Cohousing Collaborative, LLC undertakes development of “market rate” residences.  In other words, if a typical home in the immediate market area sells for $100,000- then a home  of comparable size, quality, features & amenities in the cohousing community will cost the homebuyer approximately $100,000.

Cohousing Collaborative does not undertake development of subsidized housing projects (projects that receive government or non-profit funding subsidies) –however, a Cohousing Collaborative joint venture project may voluntarily include some moderately priced or workforce housing units within the community as project budgets permit.

Managing Cost
As part of Cohousing Collaborative’s cost- and risk-management program, forming groups and/or future residents who wish to be considered for a joint venture development must participate in workshops to hone skills in effective communications and timely decision-making critical to managing project costs. Throughout the development process, future residents of a joint venture project participate in work sessions with project management professionals to set budgets and control costs as a team effort.  Participation in workshops and work sessions also facilitates growth of social capital that sustains community long after a project is built.

time and cost effective collaboration

How long will it take?

The variables from one project to another are too great to make a general statement about the cohousing development timeline.  However, it is in the enlightened best interest of ALL parties, the future residents, the developer, and the banks/lenders to see a project through from inception to move-in in the most time- and cost-efficient manner possible.  The interest on multi-million dollar loans doesn’t take vacations or sick leave.

Cohousing Collaborative, LLC follows a joint venture approach to reduce risk and fast track the development timeline for cohousing projects.  Compared to the self-developed approach (in which future residents undertake the many roles and work of developer), the developer-initiated joint venture approach shortens the timeline from several years to a few years. 

Prerequisites for forming groups and/or future residents who wish to be considered for a joint venture development project include participation in workshops to hone skills in effective communications and timely decision-making.  One of the requisite workshops developed by Cohousing Collaborative is the Cohousing Timeline Game™, a hands-on interactive tool available as a Do-It-Yourself Kit, or a professionally facilitated workshop (highly recommended) that facilitates understanding of project development process in relation to TIME.

 

Learn more about why Developers are so important...

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