Senior Cohousing Community Development
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Overview
Senior cohousing developments create intentional communities where seniors own private homes while sharing common spaces and community activities.
With boomers seeking community without institutional living, cohousing generates revenue through development fees, ongoing community fees, and property appreciation.
The business requires real estate development expertise, community building, financing, and long development timeline.
Services include community development and design, facilitating resident group formation, common house and amenities, shared meals and activities, and democratic governance structure.
Revenue from development fees and ongoing community association.
Success factors include understanding cohousing model and principles, facilitating resident decision-making, creating sustainable community design, aging-in-place features and accessibility, and building committed resident group.
Marketing focuses on socially engaged seniors and cohousing networks.
With intentional community living and aging in community appealing to boomers in 2025, senior cohousing offers community opportunities requiring real estate development and community organizing.
Required Skills
- Real estate development
- Cohousing model expertise
- Community facilitation
- Sustainable design
- Consensus building
- Senior housing knowledge
Pros and Cons
Pros
- Growing cohousing interest
- Property appreciation
- Creating intentional community
- Aging-in-place community support
- Socially engaged seniors
Cons
- Very long development timeline
- Complex financing and development
- Consensus decision-making
- Unproven model risk
- Finding committed resident group
How to Get Started
- Study cohousing model
- Build committed senior group
- Secure land and financing
- Facilitate community design process
- Develop cohousing community
- Create governance structure
- Support community launch
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