Improvements, Owner Votes and Shared Budgets

Upgrades-and-Improvements-–-Owner-Votes-and-Budgeting-with-Palmallorca-Co-Ownership

Enhancing the Home, Together

At Global Homebase, every home is delivered fully furnished and ready to enjoy from day one—inside and out. Design, materials, and functionality are carefully chosen to age well, feel timeless, and support real life across seasons.

Homes are not treated as short-term projects, but as shared long-term assets. Improvements are therefore made with restraint, intention, and respect for both lifestyle and value.

Over time, enhancements may be proposed—but always discussed and decided collectively by the co-owners.

How Decisions Are Made

Owner Voting

Each co-owner has voting rights based on their ownership share. This ensures decisions reflect real commitment—not opinions without responsibility.

  • One vote per ownership unit
  • Simple majority (50%+) for standard improvements
  • Qualified majority (⅔) for major upgrades or structural changes

This balance keeps everyday decisions efficient while protecting the long-term integrity of the home.

A Transparent Process

All proposals follow a clear and predictable process:

  • The local administrator gathers options and professional quotes
  • Alternatives are presented clearly, with costs and implications
  • Discussion and voting take place in the private owners’ space

No surprises. No informal decisions. Everything is documented and visible.

Shared Budgets, Planned Calmly

Annual Planning

Budgets are planned annually, giving co-owners clarity and predictability.

  • Ongoing maintenance is covered as standard
  • Optional improvement budgets can be proposed in advance
  • A reserve fund may be allocated to avoid sudden costs

Each co-owner contributes proportionally to their ownership—simple and fair.

What Improvements Typically Include

Improvements are practical, value-driven, and quality-focused, such as:

  • Interior refreshes and material upgrades
  • Outdoor areas, terraces, and gardens
  • Energy efficiency or sustainability improvements
  • Structural maintenance when needed

All work is coordinated locally and supervised professionally to ensure smooth execution.

Designed for Long-Term Ownership

The goal is not constant change—but thoughtful evolution.

By deciding together, budgeting transparently, and upgrading with care, co-owners protect both the enjoyment and the long-term value of their home.

That is how Global Homebase turns shared ownership into shared confidence.