Finances
Each household receives a monthly for our Community or association dues, ranging from $252 to $344 based on home size (2008). This amount changes based on the budget we set each year. We manage the bookkeeping and billing internally as part of the community work. Monthly dues cover the cost of exterior insurance (fire and extended coverage, plus general liability), common area utilities, maintenance of exterior items, and are the source of funding for the various committee budgets and special projects. Water & sewer utilities are purchased in bulk and rebilled to the involved households on the same invoice. It's important to realize that Sunward, like the community of Ann Arbor, is generally an expensive place to live. Homes have recently appraised from $145 to $360K.
“Cohousing opens up a spectrum of things you never dreamed about.” -Katheryn Lorenz