It’s not an uncommon goal to work hard, save every penny in order to someday be able to afford your own house and live on your own. GoCo proposes that there is a different model that is far more beneficial if you are brave enough to dare. Co-ownership and sharing your space may seem intimidating but it is far more beneficial across many measurements. Here are 5 reasons you should dare to share your space and give co-ownership a try.
1. Money
Co-ownership is a more affordable option for purchasing a house. Co-purchasing allows you to combine-pool-split which can drastically increase your borrowing power and open up many more opportunities in real estate. Additionally, monthly expenses and utilities can be shared, easing the burden on single parties.
2. Chores
Up-keep of an entire house isn’t easy. Household chores can be tedious and tiresome. Having more than one person may add a little mess but chores can be distributed far easier. Rather than cleaning an entire house, you could divide the space, finishing quicker and having more time to do things that you love.
3. Emergencies
Emergencies happen. It’s a fact of life. While co-ownership can’t prevent emergencies, they can help ease the burden. Emergency expenses can be spread out between parties. Having another party present can be incredibly helpful during an emergency.
4. Social Benefits
Co-ownership allows people to create their own intentional communities. GoCo wants to bring people together to prevent social isolation. Living alone can be a dangerous thing. Co-ownership allows you to share a space and enjoy the social benefits of living in a community.
5. Freedom to Choose
Co-ownership allows you to create your own intentional community. You can choose how much you want to share, whether its space, groceries, or transportation - it’s your choice. Co-ownership allows you to choose your lifestyle and gives you access to a better lifestyle by your own choice.