In Bulgaria, there are many unused buildings and old hotels in out-of-the-way places that can be purchased at a much lower cost than in more developed areas. This presents an opportunity to transform these properties into something amazing and affordable.
Our vision is to convert a 16,700 m2+ building into 200 apartments and create a one-of-a-kind coliving community in a remote, natural setting. This will provide residents with a unique living experience that fosters collaboration, community, and cooperation.
We are creating a coliving experience that brings together a community of innovators, dreamers, and change makers, providing them with an amazing environment to live and grow.
Our adult-only community allows us to focus on the needs and interests of our members, providing a tailored and enjoyable experience. This also eliminates distractions and disruptions that can come with having children.
With 200 units, our community has the size and scale to offer a wide range of experiences and activities for our residents. Whether you're looking for someone to share a meal with, explore the local area, or work on a project.
Semkovo is a destination in itself, offering a wide range of outdoor activities in the nearby mountains as well as a range of indoor amenities and facilities for a unique and memorable experience to enjoy.
Our remote location creates a close-knit community where residents can form deep connections and focus on building strong relationships. This creates a unique and rewarding living experience.
Being part of the Coliving Semkovo community means you share a common interest and can build social and professional connections with others from diverse backgrounds and locations.
Our community of 200 can achieve ambitious goals together and create a vibrant and active community. Our size allows us to be innovative and effective together.
Our building provides a platform for residents to pursue their interests and contribute to the community. We plan to partner with local businesses for amenities and events.
“Because it sounds like awesomeness!! Totally in line with what I wish to invest in and spend my time in the future :)“
“I am looking at buying a place in Bulgaria to live from part of the year anyway. This would meet that desire and automatically come with support renting the place out when I’m not there.”
"I love Bulgaria and I love what Matthias has done with his coworking business in Bansko. I love the DN community & the co-living concept"
“I am currently working IBM, but have a history of digital nomad lifestyle for a few years. I am thinking of this both as an investment for renting out, and as a potential retreat place for myself.”
“I like the idea about a community driven project. That is why I was part of the Coliving Bansko project. This one looks quite out of the box, but intriguing, so why not :)”
“There are several reasons... having a homebase while traveling, living together in a community of like-minded people. Of course, investment and future returns and earnings. Being part of something bigger. Etc.”
When undertaking a project as large and complex as converting an old building into a coliving community, there are always risks that need to be considered. These can include issues related to the building itself, such as structural problems or unexpected costs, as well as risks associated with the schedule and overall budget. To mitigate these risks, it is important to have a risk buffer in place and to be prepared to adjust plans as necessary. By carefully planning and being prepared to adapt to required changes, we will manage these risks and ensure the success of the project.
In order to manage a coliving community with many co-owners, it is important to have the right tools and systems in place. One way to do this is to use digital tools to support key processes, such as communication, decision-making, and budgeting. This can make it easier for everyone to stay informed and engaged, and to contribute to the success of the community. In addition, it is important to have a focused input to the budget, in order to ensure that the community has the resources it needs to thrive. Finally, having professional management in place can help to ensure that the day-to-day operations of the community are handled effectively and efficiently. By using these tools and approaches, it is possible to manage a large and complex coliving community successfully.
One way to ensure that annual maintenance costs do not spiral out of control is to carefully plan and budget for these expenses. This should include an assessment of the building and its systems, in order to identify any potential issues that may need to be addressed. By setting aside funds for regular maintenance and repairs, it is possible to keep costs under control and avoid unexpected expenses. Additionally, having a professional property management team in place can help to ensure that maintenance is performed in a timely and cost-effective manner. It is also important for the co-owners to have a say in the budgeting process, through a voting system, in order to ensure that everyone's priorities are taken into account. By being proactive and taking a strategic approach, it is possible to keep annual costs under control and avoid potential problems.
To avoid going over budget during the renovation, it is important to carefully plan and estimate the costs upfront. This should include an assessment of the building and its systems, in order to identify any potential issues that may need to be addressed. By having a detailed understanding of the costs involved, it is possible to create a realistic budget and avoid unexpected expenses - before we set the final pricing for the apartment reservation
Additionally, it is important to have full transparency in the co-op, in order to ensure that everyone is informed and aware of the budget and any potential changes. This can be achieved through regular communication and updates, as well as a system for joint decision making that involves all of the co-owners. By being proactive and transparent, it is possible to avoid going over budget and keep the renovation on track.
Our project offers a very attractive price point compared to other coliving offerings, which will help to attract the first guests. In addition, the large scale of the project and the remote location will create a truly amazing community experience that people will be drawn to. And finally, the shared ownership model will incentivize the other 199 owners to help promote their apartments and the project as a whole. These factors will combine to create a unique and appealing coliving destination that will be in high demand.
Semkovo is located just a 20-minute drive from Belitza, a small town with a population of around 10,000, famous for its Bear Sanctuary. It offers a range of amenities, including shops, restaurants, hotels, doctors, a train station, and a bus stop. This makes it easy for residents of Coliving Semkovo to access the services and conveniences of a larger town, while still enjoying the benefits of living in a remote and beautiful location.
Other places are a short drive away:
40-50 minutes to Bansko (ski resort)
2:30 hours to Sofia (airport & capital)
3 hours to Plovdiv (2nd biggest city)
3 hours to Kavala (beach town in Greece)
As the roads are improved, these trips will become shorter in the future.