The financial side of joining QIV-C

We are often asked about the financial side of becoming a member of QIV-C.  Here is how it works, in brief.  We know that finances are often tight, and so we try to be flexible if possible while still meeting the needs of both members and the community as a whole. 

How much does it cost to join QIV-C and live here?

For homeowner members:

  • After acceptance into membership, a required membership loan in the amount of $30/sq. ft. (in 2010) of your residence (e.g., $36,000 for a 1,200 sq. ft. home)
  • Approximately $200,000 to build a simple 1,200 sq. ft. home or build your own simple 1,500 sq. ft. home, including septic, well, and driveway (these site-improvement costs have usually been split between two or more houses).  This amount reflects member costs for First Day Cottages and other types of home built between 2007 and 2010.
  • Annual QIV-C dues of approximately $2,500 per year per adult for annual operating fees (covering property taxes on the land and our common structures, insurance, maintenance, etc.), payable each year by September (when the largest tax bill is due).  Amount varies by year and can be adjusted up or down according to ability to pay.
  • The annual property taxes on just your home (approx. $4,000 per year for a 1,500 sq. ft. home, payable about 1/3 in January and 2/3 in September each year)

For renter members:

  • After acceptance into membership, a one-time required membership loan equal to one month's rent.
  • A monthly rental amount that includes payments toward annual QIV-C dues.

 

Costs of currently available housing options:

  • Build a home or have one built on the current available building site: $200,000 or more
  • Rent 3-bedroom house nearby on a temporary basis: $1,000-1,200 per month (two member families still own three-bedroom houses a few miles away and are renting them).
  • Rental amounts for renter members vary.

 

Other financial aspects of living as part of QIV-C:

The part that's hard to represent are the savings you can realize from living in community, since they vary so much by each household's situation.  Here are some examples, both large and small:

  • shared equipment: mowers, immersion blenders, chop saws and other construction tools, etc.
  • our own food production: garden space, gardening expertise, room to process food in Farmhouse
  • shared produce
  • shared laundry room: make your house smaller and no need to buy your own expensive appliances
  • shared common space and guest room: allows you to design a smaller house
  • sometimes free childcare from other members
  • shared trips to the school-bus stop, shared rides to or from town, errand-sharing, kid pick-up, carpooling
  • free loan of cars (e.g., you may have a sedan and need a minivan for the day, so you trade, or your car is in the shop while another household is out of town, so they let you use their car)
  • shared expenditure of energy or dollars for things like snowplowing