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cross lease section with prefab cottages, low cost option?

This topic contains 9 replies, has 6 voices, and was last updated by Profile photo of TedE TedE > 7 days ago.

Discussions Retirement Living Independent Living cross lease section with prefab cottages, low cost option?

Viewing 10 posts - 1 through 10 (of 10 total)
  • #1553377
    Profile photo of helyhely
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    Member since: July 6, 2008
    Topics: 1
    Replies: 2
    hely

    Hi fellow grownups, I have seen a few firms who are producing low cost small cottages, I was Wondering if it’s feasible to find 3 or 4 people in a similar position as myself,who are needing to get themselves a modest home.

    I have been self employed for the last 35yrs, have loved what I’ve done (catering) but it hasn’t made me a lot of income, and I am not wanting to pay high rents going into retirement, if I could afford a little cottage with a bit of land around me to grow fruit trees and a few vegetables that would be bliss : )

    Auckland Council is wanting to encourage housing density, they may be open to allowing small groups of people to put dwellings on a good size section, be perfect to have a place of our own,but the advantage of company as well!

    #1688769
    Profile photo of wk28wk28
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    Member since: November 1, 2017
    Topics: 0
    Replies: 1
    wk28

    Just saw your post ,Hely. Did you get a response?  If I won lotto,that would be my ambition to create that type of small community.Large complexes remind me of boarding school !Besides I dont want to be in a holding pen waiting to die with all the other old bods.

     

    osneloc

    #1688776
    Profile photo of don021don021
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    Member since: May 15, 2012
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    Replies: 1722
    don021

    Your idea has merit hely, I can say that because in my town there are two such developments, gated communities I think they are called. The first one proposed by a developer was advertised, meetings were held with interested people,ideas were solicited from those interested, I put my name down for one. Then when they were built they were not as wished by those interested but just two bedroom units with a bathroom which no one had wanted, instead of a laundry, just a shower.Instead of a laundry, washing machine & drier were in a cupboard off the hallway A very good idea gone wrong.
    The concept was good, low cost, low maintenance, easy care small section, own title. The other community is seven three bedroom houses, small sections so little maintenance, not everyone wants a garden to maintain, especially as the years roll on.

    #1688783
    Profile photo of huiatahihuiatahi
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    Member since: March 22, 2017
    Topics: 1
    Replies: 909
    huiatahi

    Think these look interesting for the elderly person on their own.

    instant batches.co.nz

    huiatahi

    #1688824
    Profile photo of TedETedE
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    Member since: May 6, 2006
    Topics: 6
    Replies: 2245
    TedE

    There is an example of this sort of developement in West Auckland out Henderson way. I think it was called “Eco Village”. It is worth look. There may be a chance for becoming a part of it or to be part of one of the offshoots as the model is being used elsewhere. It is a cop-operative and is designed on the basis that they want a range of age groups participating. it was developed on a orchard in the Henderson area. This particular village was built by the inhabitants and they helped one another and they aimed for lo cost sustainable materials.
    I hope that this may be of help. there are other alternatives for low income singles in the retirement age group who are developing studio apartments with ommunal areas for efficiency and companionship in units of about 6 to 22 but the name escapes me at the moment.
    https://sites.google.com/earthsong.org.nz/home/home

    http://i.stuff.co.nz/national/10006336/Eco-village-makes-for-social-success

    http://cohousing.org.nz/

    http://cohousing.org.nz/communities

    Guest Post: Co-Housing Part One

    TedE - Papakura -

    • This reply was modified 9 months, 3 weeks ago by Profile photo of TedE TedE.
    #1689387
    Profile photo of TedETedE
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    Member since: May 6, 2006
    Topics: 6
    Replies: 2245
    TedE

    Thought on Kiwi Build:

    Modular Construction: A Housing Affordability Game-Changer?

    TedE - Papakura -

    #1690205
    Profile photo of joybeljoybel
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    Member since: November 2, 2006
    Topics: 614
    Replies: 33300
    joybel

    Please define “low cost” and whether it means being ruled by Body Corp. laws. Someone is going to make money out of it and not necessarily the owners.

    #1691311
    Profile photo of TedETedE
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    Member since: May 6, 2006
    Topics: 6
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    TedE

    If your question is directed at me or my posts Joybel, I find it difficult as it depends a lot on your or the purchasers expectations and whether they have or intend to have a family:

    1 a low cost property to some of our citizens who drive Mercedes and have the ability to borrow large amounts of money a low cost home would be several millions. those who are able to service a large mortgage and borrow the full 80% and feel confident that their income is secure then they think nothing of $1 million. But for the average Joe like me or our Grandchildren who are faced with the Gigi work future, then I would say no more than $300,000 for a bare home (simple design like the state advance homes we built in the 50’s with modern standards to the old 3604 standard) on a stand alone section.

    2 who owns the property initially and who establishes the “Body Corporate”.
    I think that before becoming part of a Cross lease you need to be very clear about that aspect as there have been some very dodgy behaviour around such by some developers.

    I know of others where they have been pretty amicable arrangements and again it depends on the way it is set up and the behaviour of those involved (as in any co-operative arrangement)

    Finally I would be very cautious of anything built by a developer.

    TedE - Papakura -

    • This reply was modified 9 months, 1 week ago by Profile photo of TedE TedE.
    #1715659
    Profile photo of helyhely
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    Member since: July 6, 2008
    Topics: 1
    Replies: 2
    hely

    Oops, posted then didn’t check back, I thought I’d be notified if anyone answered! but didn’t tick the notification button, but thanks for the reply’s, everyone!

    Since I posted I’ve been looking into the possibility of  Tiny Houses, but finding a place to put one is the problem,councils want to move you on after 3mths it seems…anyone interested in buying into a section! the only way to live in a tiny house securely it seems, is having your own bit of land.

    #1716280
    Profile photo of TedETedE
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    Member since: May 6, 2006
    Topics: 6
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    TedE

    Hely, a lot would depend on where you want to live, your stage of life and your health and employment/income potential to sustain living in a more rural area.

    The connection of services to the tiny home could be managed like a caravan or it could be more permanent. the main difficulty is sewerage connections.

    Purchasing a section in Piopio or Raetihi would not be too difficult but earning a living there could be more problematic. there are towns that have sections owing rates and the Councils are keen to get them occupied and the costs can be negotiated for the land. I met a couple who had taken over an abandoned school property in the Whangamomana region and started a family in an old school. They had turned it into a lovely home and had a nice life style that suited them.

    The man had skills that could be used for making the home and working for those in the surrounding rural area to produce income for rates, transport etc

    TedE - Papakura -

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