Buying a shared ownership home is an investment just like any other purchase. So yes, you can make money. If the property value goes up, then so does the value of your share. Equally, if the valuation goes down then so does the value of your share, it’s totally dependent on the housing market as with any sale.
Buying a home is an investment and you can build equity through your shared ownership property. As you pay off your mortgage on your share of the property, your equity can increase. Over time, as property values appreciate and increase, the value of your equity can also grow. Please remember, values can also decrease depending on the housing market.
You can increase your share of ownership by ‘staircasing’ the property. This allows you to purchase additional shares of your property sooner, eventually leading to full ownership, if your lease permits.
In summary, yes, as with any purchase, you can make money through shared ownership. It functions similarly to an investment where you deposit a certain amount of money and gain equity that can increase or decrease depending on your financial situation and the amount you invest in property shares. Over time, if your lease permits, you can increase your equity through a process known as staircasing (purchasing more shares).
If your property increases in value and you decide to sell, you could receive a return higher than your initial deposit and investment amount. Be sure to review the terms and conditions when selling so you are aware of any fees that may apply.
It's important to note that shared ownership usually requires a deposit of 5% of the share you are purchasing. This makes it a more accessible option for individuals looking to enter the property market in many desirable locations across the South, South West, and London.
At Aster, we're proud to offer beautiful shared ownership homes across the South of England and London. Our homes are perfect for those looking to make a great start on the property ladder and take advantage of all that this incredible area has to offer.
If you need more information around how does shared ownership work, take a look at our guide.
Our aim at Aster is to find you a home, not just a house – and with our fab shared ownership approach, you can find a home in a lovely location that may otherwise be out of your reach, just get in touch!
Finding your dream shared ownership home is as simple as giving us a call and letting us walk you through the steps you need to take. With this guide and guidance from the team at Aster, we can make the process as simple as possible.
At Aster, we’re committed to making the process as smooth and stress-free as possible. We feature a range of shared ownership properties, each with their own unique characteristics and features. Our knowledgeable and friendly sales team are always on hand to provide expert advice and guidance, helping you to find your perfect shared ownership home.
Whether you’re a first-time buyer or a seasoned homeowner, we’re here to help you every step of the way.
We can help! Speak to our team today!
We can help! Speak to our team today!
Contact Us 01380 735 480
Include homes and developments in search results?
Create an Aster account for alerts on homes right for you. You can update and adjust your alerts and ‘favourites’ through your own account as you go and you’ll be the first to get information on homes when they become available.
It’s an ownership thing.
To create your Aster account is easy. Fill out a few details below and we’ll do the rest like sending you an email or text message when homes that are right for you become available.
You will receive email or SMS when new homes are launched that match your criteria. In the meantime, we're a sociable bunch, so hook up with us on social media where you'll get to hear more from us on your choice of channel. You'll love it.