Hop to the front of the list for just $125

reSpace buyers own via Co-Homeownership, which is a shared property model. Each buyer owns a private individual suite within a home and shares common areas like the kitchen, living room, and outdoor spaces. This arrangement allows buyers to enjoy the benefits of property ownership in desirable locations at a fraction of the cost, making it an excellent 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 en suite laundry space.
You also have shared use of common areas to include:

• Living & Dining Room: Fully furnished with designer furnishings and appointments.
• Kitchen: High end stainless appliances including six-burner gas stove and hood vent, granite countertops, designer-selected sinks, tile backsplash, faucet, pendant  lighting, and bar stools.
• Pantry: Walk-in pantry with built-in cabinetry for storage.
• Outdoor Living Spaces: Thoughtfully designed open spaces and gathering areas.
• Parking: Options for dedicated parking space with EV charging station availability.

Yes, any Co-Homeower can sell their suite and ownership interest at anytime, subject to the terms of the Co-Homeownership Operating Agreement. This flexibility ensures that buyers have control over their investment, allowing them to exit the ownership arrangement whenever they choose.

Buyers have several options, just like with traditional home purchases. They can pay in cash or get a mortgage through a bank or lender. Although some banks are still adjusting to the idea of Co-Homeownership, it’s becoming a recognized way to lower loan risk. reSpace also offers competitive in-house financing with low to no down payment options, making ownership more attainable and affordable.

A buyer does not need to have perfect credit to become a Co-Homeowner, but should meet traditional creditworthiness requirements with regards to credit scores and debt to income ratios. Our reSpace Concierge Team can assist you with the pre-qualification process.

Yes, you can purchase multiple suites yourself, or your friends and family can purchase suites in the same home as you. Each Co-Homeower would have the ability to sell independent from each other. Enjoy the privacy of your suite, but the sense of community in the shared common spaces. Make your dreams of owning a friends a reality with reSpace.

HOA dues may fluctuate based on actual expenses. Costs for services like landscaping and cleaning can be controlled by adjusting their frequency, and owners can influence some costs through responsible property care. However, property taxes and insurance, which make up a large portion of HOA dues, are out of our control and will increase over time.

House rules (including ways of changing the house rules) are outlined in the reSpace Co-Homeownership agreement. Generally speaking, decision-making is based on ownership percentages, with deadlocks being resolved by the management company. There is provision in the reSpace Co-Homeownership Agreement for the owners to replace the management company.

The reSpace Co-Homeowership Agreement provides guidelines for use of common spaces and the consequences of misuse of the home. The management company is responsible for enforcing the reSpace Co-Homeownership Agreement.

The private suites are unfurnished. They are your canvas to create your own personal space.

Furnishings typically refer to the items provided in the property, and they aim to be both aesthetically pleasing and practical. These items include common area furnishings such as couches, dining tables, and other kitchen items such as pot and pans. They may be  similar in style to the home’s staging, but are intended for functional use by  all occupants.