Cost:

SageHill Cohousing strives to meet the financial, social, and environmental goals of the community.  In some cases the cost can be slightly higher than market rate for any given area because members typically want to include “green” features that may cost more initially but result in longer term savings.  Individual units generally have a smaller footprint than similarly priced private housing but shared common facilities and grounds increase the value per square foot for each individual household.  We like to refer to this as “Upscale downsizing.”

Economics of Cohousing:

The intentional sharing of space, facilities, meals and co-care in a SHC Community make it one of the most economical options for aging-in-place.  But more importantly, the ability to avoid or postpone the need for nursing care is priceless.  Social connections are vital to personal well-being.  It is difficult to put a price on living in a vibrant community with a shared commitment to living a long and healthy life together.  If or when it is needed, neighbors agree to help each other with temporary health related incidents.  And, by pro-active design, the common house is equipped with a caregiver suite for extended care services where the costs can be shared if more than one resident requires assistance.

The goal for SHC Community members is to set themselves up to never have to move again.  Another similar model is Continuing Care Retirement Communities (CCRC) but with two major differences, the cost and ownership status.  Depending on the level of care you want to guarantee for your future the CCRC entrance fees range from $50K to $400K with additional monthly fees from $1,000 to $4,000 per month.

IN COMPARISON:

Description
Home purchase price
Entrance fee
Equity of asset
Monthly fees
Property taxes

Annual expenses
Twenty year life

SHC Community
$200,000-$300,000
$0
Market Value
HOA – $350 (includes utilities)
$3,000 (avg)  $250 monthly

$7,200
$144,000

CCR Community
(no ownership option)
$50,000 – $400,000
$0
$2,500 (average)
$0

$33,600
$672,000 + entrance fee

 

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