Are you looking to invest in residential development?
The building sector is booming right now and Ottawa Cohousing offers a variety of investment opportunities.
Invest in new construction of residential units that are likely to sell before construction is complete, without the need for a sales office or agent. Any units that do not sell prior to construction, will convert to rentals to be sold later.
Cohousing has proven to be a very stable form of housing with less turnover and longer tenures. Residents who choose to invest in this housing model do so with intention. Existing cohousing communities in Canada and around the world have long wait lists of interested households. Units are in high demand and it doesn't take long to resell or fill a rental vacancy.
Ottawa Cohousing makes investing easy
We will be directly involved with the development process including: hiring a Project Manager or collaborating with a Developer, project and construction budgets, specifications, development and construction schedules. We will ensure that contracts and budgets are reviewed by professionals, that contingencies are appropriate to each phase of development, and that payments are certified. Monthly reports on work, schedule and budget will be shared to keep investors up to date on the progress of the project. Ottawa Cohousing is dedicated to supporting our investors by keeping them well informed.
CONTACT US: for more information and to discover what current opportunities we may have available for investment.
Tenants interested in Cohousing are in it for the long term.
As each tenant will be committing to share in both the space, utilities, and the group amenities, tenants will need to consider their fit with the community at large and if they are suited to cohousing. The existing group of residents may have a process by which the potential tenant can get a better understanding of what living in the community would be like.
Due to the significant commitment and responsibilities of the tenants, the lease agreements may be up to 5 year terms. While this is unusual in the current Ontario rental market, there is nothing to prevent a longer lease term and this provides both the tenant and the investing owner with greater security. Longer term leases are quite common in some European countries and it allows for a more intimate sense of responsibility and belonging on the behalf of the tenants.
Existing cohousing developments demonstrate a consistently high demand for units to purchase once the community is established. Sale of rental units are typically offered to existing cohousing residents for first dibs. The suggested process for these types of 'after sales' can be established by each community during their community formation so that clarity and fairness is understood in the organization of such sales.