personalHOME HOUSING COOPERATIVES

UNION IS STRENGTH

A housing cooperative is a legal entity that allows the union of people with the aim of starting the self-promotion of housing, without profit and with conditions-quality / price much more advantageous than when purchasing a home through a developer.

At personalHOME we choose the most interesting locations for our clients, we develop a project in accordance with their needs and we offer a turnkey service so that our cooperative members are accompanied throughout the whole process.

Early participation in the constitution of a cooperative facilitates the personalisation of each home so that it reflects the personality of your family. Choose the finishes, the extras and the elements that will turn our houses into your real home.

Zenit Cooperative, 11 homes in La Almajada

Zenit homes are designed in a modern house style, and distributed over two floors and basement.

They have 3 spacious bedrooms, 3 bathrooms, living-dining room and open-concept kitchen.
Every detail has been taken care of to achieve a functional and practical house.

The houses have large private and enclosed garden areas for your relaxation with the possibility of being equipped with a swimming pool and pergola, thus enhancing outdoor living in a quiet environment.

Celeste Villas, 7 houses with land near Mutxamel

To live in Celeste Villas is to enjoy the privilege of having the space you need on two floors with 3 bedrooms, 3 bathrooms, a living-dining room with an open kitchen.

All the houses have a garden area where you can enjoy a little piece of nature inside your home, providing vitality, energy and freshness.

A perfect balance between distance and comfort.

Located in Mutxamel, considered a strategic area of urban expansion. Celeste Villas has walking areas and cycle lanes at your disposal. In addition, it is only 2-3 minutes away from the town centre of Mutxamel, schools, shops…

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The main advantage lies in the final cost of the property. In a cooperative, the property is purchased at cost price, without the developer’s profit. This represents a saving of 30% compared to homes of the same characteristics offered by private developers.

Housing cooperatives are groups of people who share the objective of acquiring a home. For this reason, they join together in a society to promote the construction of self-promoted housing. Therefore, the member of a housing cooperative is both the self-promoter and the future owner of the home.

Normally, as they do not have the means and knowledge to carry out a property development, they need to hire a property management company. The cooperative management company provides management and advisory services to the cooperative throughout the entire process. From the acquisition of the land to the delivery of the homes.

A housing cooperative management company is a commercial company that provides its services to cooperatives. In exchange for a fee agreed between the two parties, it makes all its knowledge and experience available to the housing cooperative.

Naturally, the management of a housing cooperative is complicated and it requires a professional manager to guide the project. The manager is in charge of all the administrative, technical and legal aspects of the house building process.

personalHOME is a housing project management company with nearly 25 years of experience. Our main activity is focused on the promotion and management of housing. We fully manage property developments for self-developers, investors and housing cooperatives.
We are a leading company in the management of cooperatives due to our experience, reliability and professionalism.

Logically, cooperative management companies carry out highly specialised professional work. The comprehensive management of the developments includes the direction, coordination and execution of work in different areas. Their main tasks are usually:

  • Technical: Land location, feasibility studies, project management and supervision, design of real estate programmes, management of urban development plans, management of licences and qualifications, selection of construction companies, works control, building reception, etc.
  • Economic and financial: Accounting and financial management of developments, credit management, mortgages, account control, etc.
  • Legal: Constitution of Cooperatives, contracting and deeds for the purchase and sale of land, housing, premises, services, works, minutes of assemblies, inscriptions, mortgages, agreements, compensation boards, etc….
  • Commercial: Marketing management, information and development of advertising campaigns, contracting management.
  • Social: Attention to the members of the communities, management of assemblies, organisation of commissions, management of the delivery and follow-up of housing. – Urban planning:
  • Urban planning: training, management and control of participation in compensation boards, urban development agreements, reparcelling projects, etc.
    In short, it coordinates and exhaustively monitors the development until the homes are handed over to the cooperative members.

The minimum number is determined by the legislation in force in each autonomous community, which differs. For example, in the Valencian Community, regulated by Legislative Decree 2/2015, of 15 May, of the Council, which approves the revised text of the Law on Cooperatives of the Valencian Community, article 9.3 establishes a minimum of 5 for the constitution of a housing cooperative.

For its part, in the Community of Madrid, regulated by Law 4/1999, of 30 March, on Cooperatives in the Community of Madrid (LCCM), there are 3 people who can set up a cooperative.

The main legal norm that regulates the activity of a housing cooperative in Alicante is the Legislative Decree 2/2015, of 15 May, of the Consell, which approves the revised text of the Law of Cooperatives of the Valencian Community depending on each autonomous community.

In addition, co-operative societies have their own statutes, which set out the rules and regulations governing the structure, governance, operation of the organisation and the rights and obligations of the members, and which, in any case, must be in accordance with the law. It is compulsory for the housing cooperative to provide the bylaws when the member joins the housing cooperative.

The Law on Cooperatives, the statutes, the agreements of the general assembly and the governing council are binding on all those who are members of the cooperative; however, both agreements contrary to the law (null and void agreements) and those contrary to the statutes (null and voidable agreements) can be challenged in court.

The average duration of a cooperative housing development is two to three years when the land is already urban and suitable for building. In any case, the longer time frame allows for greater accessibility to the payment plans that are characteristic of housing cooperatives.