Summer is here and now is the time to find that perfect vacation home.
- Want Vacation Property Ownership Without the Hassle?
- Want to Share the Expenses?
- Want a Usage Schedule that Meets Your Schedule?
- Want an Asset that has Historical Appreciation?
Fractional property ownership is the fastest growing vacation ownership program currently available in today’s real estate market… all for a fraction of the cost of individual ownership.
No, we are not talking about timeshares, we are talking about true property ownership, a deeded interest in a home with all the amenities and stress-free professional management. Under fractional ownership you have the right to sell, trade or gift your ownership share under the guidelines of the properties operating agreement. In other words, you have the right to make a change should your lifestyle change.
Why fractional ownership? Simply put, it is a cost effective way to own a vacation home in an area surrounded with your choice of year round activities… owning a share of a deeded asset makes sense in a uncertain market, exposure is less, expenses are shared and the benefits can outweigh any financial investment risk. Of course, no one can predict the return on a real property investment, but historically vacation properties have shown appreciation levels above the industry.
Most operating agreements have a Capital Recovery Program that allows you to rent your time when you are not using it. Rental income, after expenses, is credited to the fractional owner’s operating account and can be used to reduce the owner’s other chargeable expenses. This is generally an optional condition and must be approved by all co-owners jointly and specifically delineated in the property operating/usage agreement.
Hassle Free Property Management is what you can expect… the management company does the work for you: finds the perfect vacation property; create a well-structured and managed system for sharing it; brings together the co-owners that will enjoy year round use; and assures that the property is always clean, maintained and ready for your enjoyment.
