Growing with your backyard apartment
How much you own of your apartment's value
Remaining value of your apartment to unlock
15 years into partnership
While you receive a rent check each month, you'll also gain equity in your backyard apartment -- similar to a mortgage. Each year you'll gain $10,000 in equity, and after 30 years, you'll own 100% of your backyard apartment. If you sell your home before 30 years, just pay the remaining value of your apartment from the proceeds of the sale. Don't worry - your backyard apartment adds square footage and value to your home that's often much larger than the apartment's cost.