The Complimentary Home Maintenance Program gives Ourboro co-owners access to professional home maintenance on a regular basis, paid for by Ourboro.
Ourboro has partnered with a third party, Canadian, home maintenance company to provide semi-annual property visits. These visits help co-owners stay ahead of any maintenance or repairs the home may need.
Ourboro co-owners are not required to use this program, it is entirely optional.
The Complimentary Home Maintenance Program is important as it helps protect both the co-owner’s and Ourboro’s investment in the property.
Ourboro invests in, and owns, a share of the home, but does not expect to ever step foot on the property. Instead, we place our trust in co-owners to take care of the home. We created the Complimentary Home Maintenance Program to empower co-owners with resources to help them preserve and maximize the potential return for all parties.
Let’s say an Ourboro co-owner opts-in to the Complimentary Home Maintenance Program. After one of their semi-annual visits, paid for by Ourboro, the home maintenance company will send the co-owner a report noting any maintenance needs and their level of urgency.
In this example, the home maintenance company notices a small leak in the roof and recommends the co-owner fixes it as soon as possible to limit any further damage to the home. The co-owner will then have the option to hire the home maintenance company to make the repair, or hire a separate service provider. If a co-owner can not afford to repair the leak, they may choose to make a withdrawal from the Homeowner Advance Fund. Of course, the co-owner may also choose not to repair the leak, however they would be responsible for any loss to the home’s value as a result.
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