Our Mini-Retrofit Cohousing group invites you to:
Build community while participating in a renovation project.
The project could be a multi unit, 2 or more houses on one larger lot, or a larger single family house zoned for multi unit or appropriate for ADU (accessory dwelling unit) expansion. We are focusing on neighborhoods in Oakland from San Antonio Square to North Oakland and Berkeley.
The vision for our Mini (4 units or less) Retrofit (reconfigure / improve an existing structure) Co Housing project is to find a house with good structure and some raw attic or basement space for expansion potential on a larger lot that will allow us to:
- do repairs needed (sanding floors, upgrade systems) to move in within 1 - 2 months and stop paying rent.
- once moved in, do a quick (4 - 6 month) renovation / expansion to increase the amount of living space to accommodate all partners comfortably.
- have native and edible landscape as well as solar installation
- be an example of using the economy of scale of group purchase to help establish other communities - with a group purchase, the cost per square foot goes down as the house price and square footage go up.
At this time of uncertainty and turmoil socially, politically and economically, we feel that community based housing is a viable and much needed alternative to speculator and market driven housing options. Our project can provide a firm foundation to build community and a future of housing security without the threat of potential rent increases or eviction. We feel this can be a model for sustainable, collective development that puts the interests of people, neighborhoods and communities first.
We are 70% funded to buy a decent-sized place, have done a lot of the financial and legal legwork already, and have a team in place: a real estate agent, mortgage broker and real estate lawyer.
With a 4th partner, this would have been an option, recently sold near Lake Merritt
Join members Julie, Jimmy and Pete for a focused look at the opportunities and challenges involved in cooperatively buying and developing an existing property with others in Oakland. Even as costs in Oakland have recently increased by an average of 10% per year, it is possible to reduce the costs and increase the enjoyment of buying and owning property by taking advantage of the economy of scale of a group purchase, having the capacity as a group to do moderate work to improve / expand an existing property as well as other efficiencies available through cohousing - sharing larger common and yard spaces, laundry facility, etc.
Our vision for the community and type of house we want is here:
If you are new to the group, or have attended, but not yet filled out our questionnaire -
Buying an older property costs less per square foot than one already remodeled. What has worked well? What are the pitfalls to avoid? What are the tradeoffs between time and cost now and later? Pete has background in this area, having completed a studs out home renovation, managing contractors as well as leading hands on construction.
We have currently secured 70% funding for the project and are looking for one or two more partners who share our vision.
If you think this might work for you, are already actively looking for partners and property, or just curious, here's a chance to meet other EBCOHO members who are willing to roll up their sleeves to co-create safe affordable homes with you.
Please tell your friends who may also be interested. Looking forward to seeing you there!