Community Matters: The Role of Neighbourhoods in Shared Ownership

When it comes to finding the perfect place to call home, the neighbourhood you choose can make all the difference. 72% of adults chat to their neighbours at least once a month (more than just to say hello).

For those considering shared ownership, community plays an even more crucial role in shaping the homeowner experience. From selecting the right neighbourhood to fostering a sense of community within a shared ownership development, the social aspects of homeownership are just as important as the financial ones. In this blog, we will explore the importance of community when it comes to shared ownership and highlight how the right neighbourhood can enhance the shared ownership experience.

Choosing the Right Neighbourhood

When embarking on the shared ownership journey, one of the first decisions you will need to make is selecting the right neighbourhood. Consider factors such as proximity to amenities, transportation options, and local schools, as well as the overall vibe and sense of community. Take the time to explore different neighbourhoods and envision yourself living there—after all, finding the right fit goes beyond just the property itself. Love Living Homes creates communities and also helps its residents combat Anti-social Behaviour, see more in our collective responsibility blog.

Fostering a Sense of Community

Once you have chosen the perfect neighbourhood, it’s time to focus on fostering a sense of community within your shared ownership development. 36% of adults borrow things and exchange favours with their neighbours. Shared ownership often involves living near neighbours who are also part owners of the property, making it easier to build connections and form meaningful relationships. Take advantage of community spaces and events to get to know your neighbours and build a sense of camaraderie that extends beyond your front door.

Benefits of a Strong Community

A strong sense of community can have a multitude of benefits for shared ownership residents. In 2021/22, 58% agreed that people in their neighbourhood pull together to improve the neighbourhood.  From sharing resources and responsibilities to providing emotional support and friendship, having a supportive network of neighbours can make the challenges of homeownership feel more manageable. Plus, a vibrant and engaged community can enhance your overall quality of life and contribute to a greater sense of belonging and fulfilment.

Getting Involved

Building a sense of community does not happen overnight—it requires effort and participation from everyone involved. Take the initiative to get involved in community events, neighbourhood associations, and shared ownership committees to contribute to the collective well-being of your community. Whether it is organizing a neighbourhood barbecue, starting a community garden, or volunteering for local causes, there are countless ways to make a positive impact and strengthen the bonds of the community. Love Living Homes strives to create communities so get in touch with your Neighbourhood Housing Team if you need help.

The Power of Connection

At its core, shared ownership is about more than just owning a piece of property—it is about being part of a community. By embracing the social aspects of homeownership and fostering meaningful connections with your neighbours, you can create a supportive and inclusive environment where everyone feels welcome and valued. So, take the time to get to know your neighbours, lend a helping hand when needed, and celebrate the joys of shared ownership together.

When it comes to shared ownership, community truly matters. From choosing the right neighbourhood to fostering a sense of connection within your shared ownership development, the social aspects of homeownership play a crucial role in shaping the shared ownership experience. So, embrace the power of community, get to know your neighbours, and discover the true meaning of home in a vibrant and supportive neighbourhood.

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