July 2025

Pros of Co-Ownership:

• Increased Affordability: Pooling incomes and down payments can help you qualify for larger mortgages.  This strategy has seen friend and family groups purchasing houses with suites, and even 4-plexes!




• Shared Expenses: Costs like mortgage payments, property taxes, and maintenance are divided, reducing financial pressure.

• Building Equity: Unlike renting, your payments build equity over time.




• Social Benefits: Co-owning can create a built-in support system and a sense of community.

Cons and Challenges:

• Compatibility Issues: Different lifestyles and habits can lead to tension if not discussed upfront.  

• Limited Flexibility: Big decisions—like selling—require everyone’s agreement.  




• Financial Risk: If one person runs into money trouble, it can impact the whole group. Choose wisely!

• Legal Complexity: Without clear agreements, disputes over maintenance, renovations, or exits can end up in court.

Important Considerations:

• Choose Compatible Co-Owners: Be honest about your expectations, routines, and goals.




• Establish Clear Agreements: A detailed co-ownership agreement should outline ownership percentages, financial responsibilities, decision-making processes, dispute resolution and exit strategies

• Plan for the Future: Think ahead to life changes—job moves, growing families, or the desire to sell.




• Get Professional Advice: Work with a real estate lawyer and mortgage advisor to protect everyone’s interests.

Done thoughtfully, co-ownership can be a smart, sustainable way to achieve homeownership and build equity—even in today’s tough market.