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Co-Ownership May Be Right For You

 

Have you thought about co-ownership?

 

 

My clients are purchasing a very large home together. These are two sisters that sold their homes and decided to live together. The home they are buying  has a pool, separate master suites, landscaped private lot, a two car garage and a finished lower level.  There is plenty of room for each one to have privacy and yet still share the luxury of a beautiful home much nicer than a single home for each.

 One can sure live a lot better sharing a home instead of renting. By sharing expenses,  utilities, splitting the mortgage, pool maintenance etc.. 

this just may be something to think about.

Each person would get the advantage of home ownership.

But it is not just for saving expenses, it is for a quality of living. Many people vacation  together, enjoy spending time together, have meals together and now  are thinking about sharing a home together.

 

There are those who travel, live outside of Maryland for part of the year or have weekend places or jobs that require time away. This could be the kind of situation that would work for certain home owners. Have you even thought of co-ownership?

One of my listeners told me about room mates who bought a condo and used it as a stepping stone.

They were able to save, build equity and after several years sold for a profit. They then bought a larger property together. 

Homes with separate master bedrooms…perfect for sharing and co-ownership where each person can equally share the house.

 I have a few homes this would work.

 

Check out these properties below and think of co-ownership.

 

Home in Baldwin

Baldwin on 4 acres

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 Annen Woods

Annen Woods Condo Lobby

 

 

Bixler Church Rd

Bixler Church Rd Margaret Rome

 

7 Barranco Rd

7 Barranco Rd Margaret Rome

 

 

  5 level townhouse in Canton

Conton 5 level town house Margaret Rome

 

Timberfield sitting on three acres that could be divided for a second or third home

3202 Timberfield Rd Margaret Rome

 

 

 Breezy Point Road. 

Breezy Point Beach House Margaret Rome

 

 Have you thought about co-ownership? It might be just right for you.

Want to discuss this type of home

Call Margaret Rome

 

Margaret Rome

 Search All Active Listings

 

Sell Your Home With Margaret Rome

Broker-Owner HomeRome Realty 

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Author of Real Estate the Rome Way

mrome@HomeRome.com

410.530.2400

 

 
Comment balloon 9 commentsMargaret Rome Baltimore 410-530-2400 • August 11 2018 04:13PM

Comments

Good morning, Margaret Rome, Baltimore Maryland there are many options for those who are thinking of co-ownership...and the only agent to call for guidance with this wonderful investment idea is Margaret Rome.... every real estate purchase is an investment, and by joining forces, the magnitude of profit could be soaring with the right property....

Posted by Barbara Todaro, Marketing Agent for The Todaro Team (RE/MAX Executive Realty ) over 1 year ago

I have participated in a few sales where co-ownership was put in place.  I've had friends, who have done it, as well as family members.  Another form of sales I was once part of came when my office was close to a military base.  There would be the occasional Airman buy a home, with the idea of renting out extra bedrooms to fellow Airmen.  It worked out really well.  The buyer had help making monthly payments.

Posted by Myrl Jeffcoat, Greater Sacramento Real Estate Agent (GreatWest Realty) over 1 year ago

CONGRATULATIONS Margaret, on having this blog FEATURED in the Old Farts Club group!  

Posted by Myrl Jeffcoat, Greater Sacramento Real Estate Agent (GreatWest Realty) over 1 year ago

Good morning Margaret. I like your line of thinking, as always! Enjoy your day!

Posted by Wayne Martin, Real Estate Broker - Retired (Wayne M Martin) over 1 year ago

Barbara Todaro ..great comment and so true.

"...every real estate purchase is an investment, and by joining forces, the magnitude of profit could be soaring with the right property...."

Posted by Margaret Rome Baltimore 410-530-2400, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) over 1 year ago

Myrl Jeffcoat Another great idea when living near a military base.

Thanks for the feature in your special group.

Posted by Margaret Rome Baltimore 410-530-2400, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) over 1 year ago

Wayne Martin And it is always good to see you. Going to use this as a topic for the today's radio show.

Posted by Margaret Rome Baltimore 410-530-2400, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) over 1 year ago

This is such a good idea and would work well for so many people. 

Posted by JoAnn Moore, Home Loans in Delaware (The Mortgage Market of Delaware) over 1 year ago

JoAnn Moore Thanks for stopping by. Glad you like this idea.

Posted by Margaret Rome Baltimore 410-530-2400, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) over 1 year ago

Participate