Simply put, with Key’s co-ownership model you co-own alongside one of our investors or property owners. As a co-owner you can start owning for just 2.5% of the value of your suite, and you can contribute more to start if desired. Like traditional homeownership, your investment grows with real estate. Each month you have a monthly payment, The monthly payment primarily covers your residency for the portion of your suite you don't yet own. It also covers important things like maintenance costs, shared building expenses, and property taxes. Each month $50 of this payment goes towards building your home equity. You can contribute more to your equity at any time, and the more you own the less you pay monthly.When you are ready to move out, after the first year simply give Key 75-days notice and you will receive your equity, appreciation and appreciation from your co-financing benefit back. As with all homeownership, you are taking on the risk of your home depreciating.Learn more about how co-ownership works with these resources:
A breakdown of how co-ownership models work, how home equity is treated and how leverage works in our model.
At Key, we’re turning renters into owners by delivering the two key benefits of ownership: The ability to own and grow home equity, and increased security of tenancy.
With an initial contribution of just 2.5% of the value of your suite, Key’s model allows you to start owning and building equity many years sooner. These resources highlight the financials involved with co-ownership:
Our home equity calculator allows you to see what your co-ownership interest and monthly payments will look like over a 5-year period. Try it out for yourself by adjusting the values.
Key offers an optional Co-financing Benefit to help you build home equity faster. For every $1 you invest, you will also receive another $1 in leverage. Owner-Residents can benefit from leverage without having to take on debt.
Co-owning with Key saves the hassles and a minimum of 6% of the costs involved with buying and selling traditional real estate
As a new model for homeownership, we often get asked how we compare to other models. Here are a few resources that break down these comparisons:
2. Key vs. Traditional homeownership
Key’s model is making homeownership accessible to all the people currently locked out of owning. Does co-owning make sense for you? Here are a few resources that might be helpful in your decision making:
If you’re struggling to save for a downpayment, want flexibility, can’t qualify for a mortgage, and crave downtown living, co-owning may be the right solution for you.
For those struggling to get off the rental treadmill, alternative home ownership models are emerging to increase the accessibility of homeownership.
Key’s model provides you the benefits of owning with the freedoms of renting, making it one of the best solutions for first-time buyers looking to get their foot into the market many years sooner.
With its financial ease of access, Key’s model allows you to get your foot into the market many years earlier, while becoming part of a budding community.
At Key, our Owner-Residents range in age from early 20’s to early 50’s and include singles, couples and families across a wide range of professions. From school teachers to architects, gig workers and more, our diverse group is what makes our budding community at Key so special. Here are some resources to help you learn more about them:
Our Owner-Residents were attracted to Key for a number of reasons. Being able to build equity, while maintaining their flexible lifestyle was important to many of them.
Being an Owner-Resident with Key means being part of a budding community. We work to connect our Owner-Residents with one another.
Meet two of Key’s first Owner-Residents:https://www.youtube.com/watch?v=Vn4otj0yqh4At Key, we’re on a mission to make real estate a source of prosperity and freedom for everyone. If you’re interested in starting your homeownership journey with Key, join our waitlist to be among the first to know when our next suites become available.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.