Housing cooperatives in the construction sector are becoming an increasingly popular option in the province of Alicante for accessing one’s own home. This construction model, based on collaboration and active participation of its members, offers a series of advantages that make it especially attractive to those looking for an alternative to the traditional real estate market.
1. Economic savings: One of the greatest advantages of construction cooperatives is the economic savings it implies. By eliminating the figure of the developer and building at cost price, the final price of the housing can be between 15% and 20% lower than that of a similar home on the free market.
2. Greater control and customization: Members of a construction cooperative actively participate in the process, from the choice of land and the definition of the project to the selection of materials and finishes. This means that homeowners have direct control over the design, maintenance, and management of their homes. This democratic participation not only ensures that the residents’ needs are met but also fosters a sense of community and shared responsibility.
3. Transparent process and no intermediaries:In a construction cooperative, the members are the owners of the project and assume the responsibility of its management. This means that there are no intermediaries or hidden interests, which translates into a more transparent and efficient process. The owners feel confident in having control over their life project and do not have unexpected extra costs due to project intermediaries.
4. Promotion of Community Development: Construction cooperatives not only build homes but also contribute to community development. By focusing on values such as solidarity and sustainability, these organizations tend to have a more positive impact on their neighborhoods. From revitalizing degraded urban areas to promoting eco-friendly construction practices, construction cooperatives can play a key role in creating more vibrant and resilient communities.
5. Sustainable and efficient homes: Construction cooperatives are often committed to sustainability and energy efficiency. It is common for projects to incorporate measures to reduce energy consumption and environmental impact, such as using eco-friendly materials or installing renewable energy systems. In Alicante, we have an average of more than 3000 hours of sunlight per year, making the implementation of solar energy very important in cooperatives.
6. Financial and Tax Benefits: A distinctive feature of construction cooperatives is their ability to provide mutual financial support to their members. By pooling their financial resources, members can access better interest rates and loan conditions. This is in addition to the tax benefits that exist when creating a cooperative for housing construction.
Practical example in personalHOME: This April, personalHOME will deliver 11 single-family homes with their own plots under a cooperative scheme. The Zenit housing cooperative in Mutxamel has allowed its members to access top-quality homes at a price 20% lower than the market rate. The families that are part of the Zenit housing cooperative have actively participated in the construction process, a project that has also incorporated measures to reduce energy consumption and environmental impact.
In conclusion, construction cooperatives offer an attractive alternative to the traditional real estate market.
In a world where affordable housing is becoming increasingly scarce, personalHOME can manage the construction of your home through a construction cooperative, an alternative full of great advantages.
Get to know the two cooperatives that personalHOME is developing in the metropolitan area:
