Rentals Senior Elder Cohousing

Do Rentals Make Sense for Senior, Elder Cohousing?

Rentals for Senior or Elder Cohousing

There are several advantageous ways seniors can use rentals in their cohousing community.

Some seniors ask, "Are rentals a source of income or a growing burden?"

Do rentals make sense for senior or elder cohousing?

Rentals can certainly be a source of income and possibly even pay the expenses of the common areas and property. 

Yet, ask any landlord and you will find out that they can also be a large burden–and 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…

Senior Cohousing
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Dallas-Fort Worth

Senior Cohousing Directory

Active Lifestyle of ElderCohousing
Aging Gracefully in Elder Cohousing

Benefits of Senior Cohousing

Cars, Who Needs Them?

Common Areas in SeniorCohousing

Costs of Elder Cohousing
Do Rentals Make Sense for SeniorCohousing?
Ecohousing: WhyBuild Green?

Features of Senior Cohousing

Finding a Senior CohousingCommunity
 
Good Neighbor Information
 
Hot Spots in Community Decisions
 
Individual Privacy in Senior Cohousing
 
Is Senior Cohousing Right for You?
 
Locate a Senior CohousingCommunity
 
Make Good Use of Your Common House
  
Meanwhile, Back at theCommon House 
Outdoor Common Areas for Senior Cohousing 
Therapeutic Community Gardens forSeniors
 
What Kind of Housing Do Seniors Want?
 
Why Elder Housing?

Seniors and Loneliness
WhereDo Pre-Retirees Want to Live? 
Younger Facesin Senior Cohousing   
Senior &Intergenerational Cohousers Fit  
Few Lonely Seniorsin Elder Cohousing 
Deciding Where to Live

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