{"id":1166,"date":"2022-07-28T14:30:24","date_gmt":"2022-07-28T04:30:24","guid":{"rendered":"https:\/\/ko.homes\/?post_type=faq-page&p=1166"},"modified":"2022-12-24T12:25:33","modified_gmt":"2022-12-24T02:25:33","slug":"buying-a-ko-home","status":"publish","type":"faq-page","link":"https:\/\/ko.homes\/faq\/buying-a-ko-home\/","title":{"rendered":"Buying a K\u014d home"},"content":{"rendered":"\n
\n
\n

FAQs<\/h2>\n

\n Have a question about K\u014d? We have answers. Review frequently asked questions on the following topics: <\/p>\n

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\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t

\n\t\t\t\t\t\t\t The K\u014d Model\t\t\t\t\t\t\t<\/h3>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t

\n\t\t\t\t\t\t\t Co-ownership 101\t\t\t\t\t\t\t<\/h3>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t

\n\t\t\t\t\t\t\t Buying a K\u014d home\t\t\t\t\t\t\t<\/h3>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t

\n\t\t\t\t\t\t\t Scheduling & staying\t\t\t\t\t\t\t<\/h3>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t

\n\t\t\t\t\t\t\t Maintenance & Costs\t\t\t\t\t\t\t<\/h3>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t

\n\t\t\t\t\t\t\t Selling a K\u014d home\t\t\t\t\t\t\t<\/h3>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t

\n\t\t\t\t\t\t\t Selling with K\u014d\t\t\t\t\t\t\t<\/h3>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n <\/div>\n <\/section>\n\n\n\n
\n
\n

Buying a K\u014d home<\/h2>\n
\n
\n
\n Can I purchase more than 1\/8 of the home? <\/i>\n <\/div>\n
\n

Yes, you can.<\/p>\n

Each home is divided into eight equal shares, and you can choose to purchase as many as you wish.<\/p>\n

For example, if you purchase 4\/8 shares, you will own 50% of the home \u2013 meaning that you will have access to the property for 50% of the year and own more equity in the property, allowing for greater returns if you choose to sell all or some of the shares.<\/p>\n <\/div>\n <\/div>\n

\n
\n What is covered in the purchase price of each home? <\/i>\n <\/div>\n
\n

The purchasing price for each share, the one-off service fee, closing fees and any home upgrades (if applicable). We also set up a reserve fund, where each owner puts in 6 months of their share of expected operating costs.<\/p>\n

What isn\u2019t covered are the ongoing co-ownership costs such as:<\/p>\n

    \n
  • A nominal platform administration fee of US$125 per month.<\/li>\n
  • Ad hoc daily cleaning fees during your holiday stay. These vary for each property.<\/li>\n<\/ul>\n <\/div>\n <\/div>\n
    \n
    \n Can I visit the home before buying? <\/i>\n <\/div>\n
    \n

    Yes, you can. When you register your interest in a home, K\u014d will connect you with our sales agent partners for the property. The agents will then share any relevant information you require and facilitate a visit to the property.<\/p>\n <\/div>\n <\/div>\n

    \n
    \n Do I own the contents of my K\u014d home? <\/i>\n <\/div>\n
    \n

    Yes, K\u014d owners own the land, the property and its contents<\/p>\n <\/div>\n <\/div>\n

    \n
    \n What does the vetting co-owners process entail? <\/i>\n <\/div>\n
    \n

    One of the benefits of co-ownership is that all parties involved own part of the property, so you can rest assured that the home will be treated with care and respect.<\/p>\n

    The vetting process is designed to ensure just that, that all co-owners will respect the property and look after it during their stay.<\/p>\n

    Checks we will conduct include: identity verification, credit check, employment status and assets.<\/p>\n <\/div>\n <\/div>\n

    \n
    \n Will I know who the other co-owners of the property are? <\/i>\n <\/div>\n
    \n

    We believe privacy is key to each K\u014d owner, but we can share details such as the traditional booking preferences of the current owners.<\/p>\n <\/div>\n <\/div>\n

    \n
    \n Can the same K\u014d share be owned jointly by myself and another person (spouse, friend, family member)? <\/i>\n <\/div>\n
    \n

    Yes, you may own a share as part of a larger ownership group.<\/p>\n <\/div>\n <\/div>\n

    \n
    \n Do I need a lawyer to purchase a K\u014d home? <\/i>\n <\/div>\n
    \n

    You are welcome to review any legal documents and paperwork related to the purchase of a K\u014d home with your lawyer. Please note, however, that our standard documentation is not subject to changes.<\/p>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n<\/section>\n","protected":false},"author":2,"featured_media":1172,"parent":0,"menu_order":3,"template":"","acf":[],"yoast_head":"\nBuying a K\u014d home - Ko Homes Pty Ltd<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ko.homes\/faq\/buying-a-ko-home\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Buying a K\u014d home - Ko Homes Pty Ltd\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ko.homes\/faq\/buying-a-ko-home\/\" \/>\n<meta property=\"og:site_name\" content=\"Ko Homes Pty Ltd\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-24T02:25:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ko.homes\/wp-content\/uploads\/2022\/07\/faq-buy-a-home.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"560\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ko.homes\/faq\/buying-a-ko-home\/\",\"url\":\"https:\/\/ko.homes\/faq\/buying-a-ko-home\/\",\"name\":\"Buying a K\u014d home - 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