reSpace buyers own through Co-Homeownership, a shared property model. Each buyer has a private suite within the home and shares common areas like the kitchen, living room, and outdoor spaces. This allows buyers to enjoy the benefits of homeownership in desirable locations at a fraction of the cost, making it a great option for those priced out of traditional homeownership in high-demand areas.

As a reSpace Co-Homeowner, you have exclusive use of your suite, which typically includes a private bedroom, bathroom, walk-in closet, wet bar, coffee station, and in-suite laundry. You’ll also share access to common areas, such as the living and dining spaces, kitchen, pantry, and outdoor living areas. Enjoy the privacy of your suite while benefiting from the sense of community fostered by the shared spaces.

As a reSpace buyer, you have several options, similar to traditional home purchases. You can pay in full or use reSpace’s competitive in-house financing.  No large down payment required, just a one-time reSpace membership fee and low monthly mortgage payment.  All in, your cost to own will be equal to, or less than, the cost of renting a new one bedroom apartment in the same area.  …Think what you’d pay for first, last and deposit, and your monthly rent…for what it would have cost you to rent, you can now OWN your home in the neighborhoods where you really want to live.