What is Fractional Ownership?
Fractional Ownership
provides you with unparalleled benefits of owning a vacation home in
your favorite location, but without the burden and cost of repairs and
upkeep. Wouldn't you love to have the services and amenities of a
luxury villa without living out of your suit case? You're not alone.
This new breed of vacation home ownership, called "fractional
ownership," is becoming increasingly popular as individuals and
families look to maximize their family vacation time. Finally, you
have the ability to have the vacation home ownership you have always
dreamed of for a fraction of the cost.
Fractional Ownership
is a Management System around which one's entire leisure lifestyle
revolves. Unlike timeshare, which is truly a vacation product, the
pre-purchasing of a week or two of vacation, Fractional Ownership
is the centerpiece of a leisure lifestyle portfolio. It is an asset and
part of one's estate, when purchased as deeded real estate, and while
timeshare is also mostly sold as such, the two products are used very
differently.
The second home
Fractional buyer has a close relationship with their home's location.
They return to that location periodically throughout the year for
anywhere from three or four weeks to as many as twelve or thirteen, or
maybe a month at a time. It serves not only as a vacation destination,
but also as an escape weekend, a mid week hideaway, a gift to a friend
or relative, a location for a business retreat, a family reunion, or
any of a number of uses that one would make of a second home that is
available periodically throughout the year.
Another important benefit of Fractional Ownership
is that it is worry and hassle free. All properties are managed and
maintained by respected third party companies when residents aren't
there. Even if one could afford two, three or more vacation homes, the
upkeep and preventive maintenance would be daunting. Even managing a
single vacation residence steals time from more enjoyable pursuits.
Upon arrival at a Fractional vacation home, everything is setup
pre-arrival and the vacation can begin.
Many
Fractional Ownership enterprises operate a voluntary rental management
program, returning some amount of revenue to the second homeowner,
which is a much less important consideration, but, never-the-less worth
mentioning.
For more information about Fractional Ownership and your desired location, contact Bold Real Estate Group today.