Past Meetup

Buying a house together - for Mini Retrofit Cohousing Project (S. Berkeley)

This Meetup is past

7 people went

Price: $10.00 /per person

Long Haul

3124 Shattuck Ave · Berkeley, CA

How to find us

Come to the rear meeting space

Location image of event venue

Details

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.

Join members 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 - https://docs.google.com/document/d/19DBZaEW25mDQ9r_wggKcp-RlddIIPNMCnqkoTqTlmO4/edit?usp=sharing

We have recently been going to open houses and have done detailed analysis on a couple of potential target properties in Oakland and Berkeley. We will be discussing what we have learned about the current housing market and feasibility of taking on a project using examples as test cases. Please also bring sample properties of projects that may interest you as well for us to discuss.

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 60% 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.

We're asking $10 per adult
(free for kids and current supporting members of EBCOHO).