What is Co-Ownership?

Build Equity

Co-ownership is ideal for those who want to stop paying rent and start building equity in their home but cannot afford to enter the housing market alone. With thoughtful planning and due diligence, participating in a co-ownership purchase can add tremendous value to your financial well being.

Intentionally Form a Community

Co-ownership living can foster collective care and support in our communities. It provides the chance to foster interdependence, break down isolation, and allow like-minded groups of friends, chosen families, seniors, and those wanting to live more sustainably.

Share Resources

The possibilities for sharing and increasing a collective standard of living are as expansive as your co-ownership group would like them to be. Co-owners might share childcare, elder care, pet care and more. Gardening, cooking, driving, and other skills and services, as well as assets like cars, bikes, toys, and tools, all make co-ownership an exciting and creative model of living.

Like any form of homeownership, co-ownership is a major life decision and involves many legal and financial considerations. To learn more about co-ownership, from its benefits and potential pitfalls to working out what you can afford, how to secure financing, and how to establish a legal co-ownership agreement, Husmates is here to help.