Understanding Co-op Living

Ownership and investment. Real community. Benefits you won’t find with other options — from condos to townhouses to rentals. Co-op living is designed to give you more.

What is a cooperative?

A housing cooperative is owned and governed by the people who live there. This group of neighbors makes up the cooperative, paying a monthly amount to cover operating expenses. The cooperative owns the building, land and common areas, and the members buy shares in the cooperative corporation.

The Zvago model

Zvago is a Limited Equity Cooperative, in which initial buyers typically choose among several equity options. Your option determines your monthly payment, as well as your return when your shares are sold. With this type of cooperative, you don’t need to secure your own individual financing for your new home.

Limited equity cooperatives provide for a steady annual growth of members’ equity at a fixed rate of return on the initial share payment. This ensures that homes remain affordable and marketable long-term.

Cost-effective living

Co-op living offers many cost advantages, including a high level of financial security to owners. You pay your one-time share payment (or equity payment), then your ongoing monthly membership fees. Because cooperatives operate at cost, co-op monthly fees are often well below rental market value.

Learn more, including your specific equity options with Zvago, here. Or contact us to discuss your best options with one of our Zvago Sales Representatives.

Financial Benefits
  • The same tax benefits associated with home ownership
  • Lower cost of entry than with many condos or townhomes
  • Defined appreciation schedules
  • Ease of selling shares
Ownership Benefits
  • Home ownership without the maintenance
  • Your own like-minded community
  • A say in how the cooperative is governed
  • Amenities and activities right at home

Custom, by design

Zvago’s personal in-house Customization Manager is our best-loved feature. From start to finish, you’ll work with your own dedicated designer to customize your space and make it your own. Contact us to get started.

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