Although there are multiple advantages to retirees and seniors having rentals in their cohousing community, some wonder if the disadvantages outweigh the advantages.
New: Wildflower Village
Retirement Cohousing Directory
Ecovillages
in DFW
Hidden-Lake
in DFW
Wildflower Village: Dallas
Aging
Here Is Both Delightful and Graceful
Are
Rentals a Source of Income or Nuisance?
Attracting Younger People
Common House in Retirement Cohousing
Deciding
If Cohousing Is Your Correct Choice
Ecohousing:
A Green Retirement
Features of Common House
Finding DFW Cohousing Communities
Friction
Making Community Decision
Gardens
in Retirement Cohousing
How
Much Does It Cost?
Importance of Autos Recedes
Innumerable Benefits
of Cohousing
Locating Retirement Cohousing in
DFW
Near
Universal Features
Planning Outdoor Common Areas
Retirement
Cohousing & Your Active Lifestyle
Social Isolation & Loneliness Relating to Dementia &
Alzheimer Disease
What About
Children?
What
Are Usual Common
Areas?
What
Is Shared, Private in Retirement Cohousing?
New: Wildflower Village
Rentals have three advantages
1. Source of income to individual residents.
2. Common house rentals can help pay the expenses of the common areas and property.
3. Real estate, whether rentals or not, has always appreciated over time.
Yet, ask any landlord and you will find that rental properties can also be burdensome and that rentals are not always profitable.
In addition, some of the profit landlords enjoy is property or rent appreciation over a period of time.
Is property appreciation a goal of seniors?
If it is a goal, is there enough life expectancy for seniors to realistically expect appreciation to be part of their profit? What happens in the meantime?
This website presents some very basic information and questions about rentals. Senior cohousers can start here but should plan to study this situation extensively from outside sources before deciding if it makes sense to become a landlord.
Most senior cohousing is one-story. Yet it is cheaper (per square foot) to build a two-story building (one roof, one foundation) and certainly it is better use of land. In senior cohousing, the top story could be rented or used in later years to house a care giver.
There is a trend in construction now to build retail or office rentals into the housing community--possibly facing the street in front of the houses or on the bottom floor of a multi-story building.
The common house of a senior cohousing community should be one-story unless elevators are included. However, the second story of the common house could be used for rentals now and housing for care givers, a cook, or a chauffeur in coming years.
What happens if rental property is included and management becomes a burden?
A common solution is to hire a property manager. Good property management is pretty much available anywhere.
What happens if retail rentals are included and they are not renting... or property management is not a viable option?
The list goes on...
Wildflower Village
Retirement Community
More Information
DFW
Ecovillages
Retirement or Intergenerational
Green Housing and Villages
in many areas of
Dallas-Fort Worth.
Retirement Cohousing
Hidden Lake Village
Red Oak- Waxahachie Area
Small lake on property
Golf course three blocks away
Energy-efficient, green housing