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.

There are multiple options to finance a reSpace property. You can pay in cash or secure a mortgage through a bank or lender. While some banks are still adjusting to Co-Homeownership, it’s becoming recognized as a way to lower loan risks. reSpace also offers competitive in-house financing with low or no down payment options, making ownership more accessible and affordable.