Cohousing Home Pricing for Equity and Affordability – How move from project costs to home sales price

With Joren Bass, Eric Granum (UDP)

During the development process all communities must translate project costs into final home sales prices. This is one of the most important financial and collective decisions communities must make. A well-designed community will likely have a diverse mix of unit sizes and types. Each home will likely have unique attributes such as location within the community, differing access to light and views, or constructed attributes such as extra bathrooms or balconies. So how do you create a pricing framework that follow the basic cohousing principles of equity and shared affordability and also reflect the common market conditions for appraisal and financing. This session will discuss pitfalls and successful approaches for developing communities can use to set home prices.