Shared Home Ownership (Part 4): Jean-Paul Bedard on Sharing His House With Another Couple
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Description
Guest Speaker: Jean-Paul Bedard; Him and his wife are sharing a house with another couple. As housing prices climb in the city many people really have to get creative as...
show moreAs housing prices climb in the city many people really have to get creative as to how they can own a home in the city and Shared Ownership is a great option.
• How the Shared Ownership arrangement came about
• Was it difficult to get everyone on board with the idea?
• How they handled the finances and who they put on title
• Did they put together any kind of formal agreement for living together? How has it worked out?
• How they divided the snow-shovelling and exterior home maintenance
• How they decided on which part of the house each couple would live in
• Did it take them a long time to find a place?
• Were any renovations required?
• Do they have life insurance on each other?
• What kinds of contingencies do they have in place if one couple wants out or divorces?
• How much longer they'll continue with this arrangement
• Do they see shared ownership as a stepping stone to eventually owning a home or condo?
• Their biggest fear about shared ownership
• What they like best about the arrangement
• Would they recommend shared ownership?
• Have they built up equity in their home?
• Advice Jean-Paul has for those who are on the fence about doing a Shared Ownership arrangement
Information
Author | Davelle Morrison |
Organization | Davelle Morrison |
Website | - |
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