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​

​Phase 2 Update Newsletter

Home Design Surveys and Local Home Price Analysis

4/5/2024

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Excitement over New Home Designs

Local Home Market Research

And More...
​It's been about six weeks since we unveiled our new Phase 2 home designs. A survey of committed Phase 2 Homebuyers and others who attended the Zoom unveiling tells us that the home designs are right on target. See survey result details below.

Picture
Friends and neighbors gathering for Easter Brunch last Sunday

Home Design Survey Results
As you can see in the chart below, each of the models were popular with different households, depending on their needs. Here are some of the comments about why responsdents liked the model they chose.

Piñon
"The designs are outstanding. I want a smaller, simpler house, and I like the idea of having a basement for storage and for possible future expansion."
"Appreciate the passive solar design and the energy efficiency."


Juniper
"Price and size"
"best for aging in place"
"Smallest and one story. Best for aging in place. Good for one person."


Aspen
"Flexibility, Design"
"More bedrooms upstairs"
"We like having more space and the potential to live on one level. And having more than one bathroom for when family and friends visit would be important. Having a mud room would be nice."


Ponderosa
"Size, flexibility, relative value."
"The possibility of splitting the Ponderosa house with another family would make the whole thing much more affordable."
"I am living in a multi-generational household, and want the possibility of some separation. Ideally we would have two units, but that would not be affordable with your house designs, so the ADU possibility would be the next best thing."
Picture
​Although, the initial feedback on the home model designs has been very positive, they have not yet been finalized. This summer Matt, our architect, will collaborate with committed Phase 2 Homebuyers to massage the designs. If you'd like to have your preferences reflected in the new homes, you'll want to become a committed Phase 2 Homebuyer.

Phase 2 Home Values and Local Comps
​In the survey, we also asked whether the estimated price of the model home chosen would work for their budget. Not surprisingly with the large increase in home prices in the past four years, the responses reflected some apprehension about the prices. See chart below.
Picture
Although the estimated home prices are higher than any of us would like to see, research into home prices in our area shows that they are right in line with comparable properties.

I looked at 21 homes for sale on Zillow in our area. Our average for Phase 2 homes is $417/sf. The average on Zillow is $387/sf, so we are about 8% higher. However when one considers that the average age of the homes on Zillow is 20 years old (built in 2004) and the average acreage on Zillow is 3.5 acres, our Phase 2 homes seem to be a better value. They will be brand new, better built in most cases, and employ the latest energy efficiency technologies.

Additionally every Heartwood home comes with a plethora of community amenities including:
  • 360 acres of forest and irrigated pastureland
  • ​4,000 square foot Common House with commercial-size kitchen, dining room, guest rooms, rec room with ping pong table, exercise room, library, Free Box (our own little thrift store give-away), 1,000- square-foot terrace, and more
  • community water wells, landscape irrigation system, and septic system
  • 800 square foot yurt
  • Village Green with its children’s play structure, fondly known as the S.S. Ponderosa
  • 800 square foot organic greenhouse, raised beds, and irrigated gardens
  • 50 Mbps high-speed internet available
  • 90 horsepower tractor, aka Lucy
  • 55.5 horsepower tractor, aka Ganesh
  • 25 horsepower UTV, aka Pepe
  • henhouse
  • barn, hay storage, tack room
  • 1,000-square-foot workshop
  • hot tub
  • 7 miles of trails
  • tennis, pickleball, & basketball court
  • sledding hill
  • bonfire circle
  • labyrinth
  • prayer circle

Picture
Close friends having fun at the Easter Brunch

Upcoming Phase 2 Zoom Gatherings
We have been hosting a series of informative Phase 2 Zoom Gatherings to help people exploring Heartwood learn what we're all about and our plans for Phase 2, and get to know some of our members. Our next two gatherings will be:
  • Sunday, April 21 at 9:00am (MDT): Phase 2 Zoom Gathering especially for families to form connections with other families and explore possible home sharing. (Everyone is welcome, even us older folks. We are a very inclusive, multi-generational community, after all.)
  • Saturday, May 4 at 9:00am (MDT): Virtual Open House as part of the CohoUS National Open House Days. Come enjoy a short video tour of Heartwood, meet community members and fellow explorers, and get any questions you may have answered.
The link for all of our Zoom gatherings is:
https://zoom.us/j/97340154655?pwd=SVpIWTl0dWxOTmhxT3NsZDFtaFRxZz09

Or you can click here to join any of our Zoom gatherings.

Recordings of our previous two Phase 2 Zoom Gathering are available at the following links:
  • February 24: Unveiling of New Phase 2 Home Designs
  • March 9: Becoming a Phase 2 Homebuyer, Development Timeline, and Phase 2 Site Plan
If you have any questions after watching the recordings, simply reply to this email and we'll be happy to answer your questions. You will also find lots of additional information on our About Phase 2 webpage.

Getting Involved
If you're longing for a greater sense of peace and belonging in your life and a healthier lifestyle fostered by living in community and close to Nature, we invite you to get involved. There is currently one home for sale and one roommate rental opportunity in Phase 1 and only five spots left in Phase 2. To learn more, go to our About Phase 2 webpage.

We will soon be working with our architect to refine the P2 home designs based on feedback from committed P2 Homebuyers. If you want to be part of those conversations and impact P2 home designs, you need to be a committed P2 Homebuyer. The sooner you become a committed Phase 2 Homebuyer, the greater the rewards you'll earn. The order of when you commit determines your place in the lot selection queue. We are currently offering an $8,000 Early Bird Credit (discount off your home purchase). And maybe the most important reason of all is because we are building only 14 more homes. Once all 14 spots are taken, the opportunity window closes. See our Vital Information for Phase 2 Homebuyers webpage for details.

Click here to go to our Plan a Visit webpage or click here to send an email to Ashley. She can help you reserve one of our common house guest rooms.

With the limited opportunities to buy or rent a home at Heartwood, staying subscribed to these newsletters is your best way to learn about available homes. When home sale, rental, or housesitting opportunities come up, we will announce them here in our newsletter.

As always, if you have any questions, simply reply to this email. We're happy to answer any and all inquiries. We've posted answers to frequently asked questions on the Phase 2 FAQ page and also the general Heartwood FAQ page.

Yours in Community,
Mac

Phase 2 Project Manager
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    The Phase 2 Update newsletter provides periodic updates on our progress in developing the second phase of Heartwood Cohousing. To have Heartwood newsletters delivered right to your inbox, click on the GET IN TOUCH button at the bottom of this page.

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Get in touch
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Julie: 970-759-4209‬
  • Home
  • ABOUT US
    • About Heartwood >
      • Our Story
      • Culture of Consensus
      • Newsletters
      • Heartwood in the News
      • Meet our Members
      • Our Land & Shared Amenities
      • Our Homes
      • How Heartwood Works
      • Demographics
    • About Cohousing
    • About Southwest Colorado >
      • What's Nearby
    • Photo & Video Gallery >
      • People
      • Places
      • Activities
      • Yesteryear
      • Videos
    • FAQ
  • Phase 2
    • About Phase 2
    • Phase 2 Homes >
      • Zero Energy Ready Homes
      • Phase 1 Homeowner Testimonials
      • Juniper
      • Ponderosa
      • Home Design Caveats
    • Phase 2 Site Plan
    • Phase 2 FAQ
    • Phase 2 Homebuyer Commitment
  • Explore
    • Path to Membership
    • Monthly Virtual Tour
    • 4th Friday Potluck
    • Plan a Visit
  • Available
    • FOR SALE >
      • #20 - Sale 4/2 $1.2M
      • New Phase 2 Homes
    • FOR RENT >
      • #19 - Rent
      • #24 - Rent
  • DOCUMENTS
    • Agreements
    • Guidelines
    • Resources
    • Decision Log
    • For New Members