Shared Home Ownership Is an arrangement in which individuals unrelated share the ownership
of a house or an apartment or multi-unit complex. Shared Home Ownership
may occur when a group or individuals decides to pull their resources
and establish a household.
Share Home Ownership brings together people seeking
low-cost housing and home ownership needing individuals to share a home.
Benefits of Shared Home Ownership
In today's economy, many people are faced with losing their independence and struggling to keep housing costs within their budget. Shared Home Ownership is a way to secure
housing at a reasonable cost while maintaining privacy, independence,
security and self determination.
Shared Home Ownership preserves neighborhoods and saves housing dollars, as well as contributing to the well being of individuals.
Affordability Maintenance
Home-buying Transportation
Economics Reduced Housing Costs
For
Individuals Living Expenses are Reduced
Companionship/compatibility Transportation
Security Reduces and prevents homelessness
Step up in a lifestyle Mediation
Programs
Community Programs Family Mentoring Programs
Home-Ownership Classes Family Finance Resources
So Ask Yourself
1. Are you a active citizen?
2. Do you live alone?
3. Could you use additional income?
4. Reduce housing cost?
5. Willing to share a home with others?
6. Want to become a homeowner?
If answer is yes to anyone or all of these questions, Land Contract Share-Home Ownership Services can help you. Leasing available also.
Home Share Ownership is an alternative long-term living arrangement where individuals can choose to live in a:
1. Share house
2. Apartment
3. Multi-Family dwelling
All individuals in the program share the common areas, i.e. kitchen, bathroom, family room, living room. All
program participates make mutual decisions regarding expectations for
privacy, guests, telephone usage, etc.
There are a number of reasons why a person would considered home sharing: