For Property Owners
Unlock your home's value. Bring co-homeownership to your Seattle block.
If you own a house, a duplex, or a large home that no longer fits how you live, your property may be able to become several private suites with shared designer common areas. reSpace handles the structure, the design, and the people, so you are never doing it alone.
What reSpace does for owners
reSpace is a structured co-homeownership company based in Seattle. We take single-family and multi-unit homes and reimagine them as several private suites plus thoughtfully designed shared common areas, then bring in the people who will own them together. Our first community is in Leschi, a home converted into five private suites. The Grove, eight ownership suites, is in development in Ballard. We work across Seattle, Bellevue, and Kirkland. For you as the owner, that means a clear path to unlock what your property is worth: we set up the LLC, design the suites, match the co-homeowners, and run the sale process, while you work alongside a team at every step.
Your options
There is no single right path. Owners come to reSpace from very different starting points, so we offer a few ways forward depending on what you want from your home.
Convert and sell suites
Partner with reSpace to convert your property into private suites with shared common areas, then sell those suites to matched co-homeowners. We structure the LLC, lead the design, and manage the sale process so the work does not land on you.
Sell and Stay
Want to unlock your home's value without moving out of the neighborhood you love? With Sell and Stay, you can release the value held in your property and keep living in your own private suite as part of the new community.
Property Snapshot analysis
Curious before you commit? Our Property Snapshot, also called the What's Possible Now Assessment, shows what your specific property could become as co-homeownership. It is free, with no obligation to go further.
How the process works
From first conversation to matched co-homeowners, here is the path. You work with a team the whole way through.
Property analysis
We start with your Property Snapshot. Our team looks at your home, its layout, and its location across Seattle, Bellevue, or Kirkland, then shows you what it could realistically become as co-homeownership suites.
Design and structure
If you move forward, we design the private suites and shared common areas, and we set up the home's LLC. This is where the property is shaped into a real community, with the legal and design structure handled for you.
Match and sell
We match the right co-homeowners to each suite and run the sale process end to end. You unlock your home's value, and the property begins its next chapter as a place several households own together.
Questions
For owners, answered.
What kinds of properties qualify?
reSpace works with single-family homes, duplexes, and larger or underused homes across Seattle, Bellevue, and Kirkland. If your property has the room to become several private suites with shared common areas, it may be a fit. The best way to know is a Property Snapshot, where our team looks at your specific home and tells you what is possible.
What is "Sell and Stay"?
Sell and Stay is a path for owners who want to unlock the value in their home but do not want to leave. You release that value through the co-homeownership structure, and you keep living in your own private suite as part of the new community. It is a way to stay in the home and neighborhood you love while opening the door to others.
Do I keep any ownership?
It depends on the path you choose. With Sell and Stay, you can keep a membership interest in the home's LLC and continue to live in your private suite. With a straightforward convert and sell, you partner with reSpace to bring suites to market and sell them to matched co-homeowners. We will walk through the structure with you so you understand exactly what you hold at every step.
How long does conversion take?
Every property and timeline is different, since it depends on the home's condition, the scope of the design, and local permitting. After your Property Snapshot, our team gives you a realistic timeline for your specific property rather than a one-size-fits-all answer. You will always know what the next step is and roughly how long it should take.
What does the property analysis cost?
Nothing. The Property Snapshot, also called the What's Possible Now Assessment, is free and comes with no obligation to move forward. It is simply a clear look at what your property could become, so you can make an informed decision before committing to anything.
Explore reSpace
One model. Three ways in.
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See what your property could become.
Start with a free Property Snapshot. No obligation, just a clear look at what is possible for your home across Seattle, Bellevue, and Kirkland.
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