There’s no one-size-fits-all approach to co-ownership. Whether you’re joining forces with close friends, creating a multigenerational home with family, or connecting with new acquaintances, your success depends on your cooperation and commitment to the process. The key isn’t how long you’ve known each other but how well you work together and share goals.
Openness and honesty are the foundation of successful co-ownership. Establishing shared goals early on is essential, as your relationships will deepen throughout this journey. Co-owning a home means sharing not just space but also personal and financial aspects of your lives.
Be upfront about your needs, wants, and dreams. Transparency will make it easier to find people who align with your lifestyle and homeownership vision. Remember, the three C’s of co-ownership: cooperation, compassion, and compromise.
Family Connections
Multigenerational living has been around for ages. Many of us grew up in homes with grandparents, aunts, uncles, and cousins. This setup allows you to stay close to family while sharing the responsibilities of homeownership, aging-in-place, and childcare. It’s a fantastic way to create a supportive and nurturing environment.
Personal Connections
Forming a co-ownership group with friends or people you have existing personal connections with is another excellent option. This approach lets you build a home based on shared interests, beliefs, and ideals, often with fewer preconceived expectations than with family.
New Connections
Living with new acquaintances might seem intimidating, but it can be incredibly rewarding. Without prior expectations, you might find it easier to negotiate and establish clear boundaries. Fresh connections often lead to some of the best cooperative living arrangements.
Husmates simplifies the process of finding and forming a co-ownership group with its unique matchmaking and property finding features. Here’s how it works:
In addition to the Husmates app, consider Husmates Events for finding co-owners:
Husmates hosts both online and in-person events to educate and promote co-ownership success stories, legal stuff, and finances. Join our mailing list to stay updated on upcoming events and find your future co-owners.
“Some of the best cooperative living arrangements are with former strangers. Because they don’t expect to be best friends, and they act as responsible members of a purchasing group from the start.
— Lesli Gaynor, Co-founder of Husmates
How Do You Establish Your Purchasing Group?
Click on the sections below to learn more.