Luxury Fractional Ownership in a New Vacation Home
Luxury fractional ownership allows you to own a vacation home in a location of your choice without having to worry about repairs and upkeep. What's more, rather than paying the full price for a second home you only pay for the weeks that you will stay there. This new type of vacation home ownership is starting to become more popular as busy professionals and discerning families search for a better way to spend their vacation time. At the same time, it's more comfortable than living out of your suitcase in luxury hotels.
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You can get the high-class amenities in real estate in prime locations with fractional ownership deals. For instance, you will get chef's kitchens with granite countertops and high end appliances, spa like bathrooms, and large roomy closets. In addition, you will get all the benefits of a first-class hotel, in terms of service. Fractional ownership offers include the services of a concierge and a housekeeper who will have the place ready for you complete with pre-arrival grocery shopping as well. You can choose the type of residence from apartments and condominiums to townhouses, and detached homes with 2 to 4 bedrooms. Some of them come with offers of ski passes, golf club memberships, spas, pools and storage for your stuff between visits. For more information, visit http://www.sherpareport.com/prc/prc-overview.html.
Ownership works like this: owners purchase a deeded (1/4 to 1/13) share in a residence, which allows them a particular number of weeks per year at the property. For instance a quarter share would be 13 weeks and a 1/8 share would be about 6 weeks. Because you only pay for the time you use, this type of ownership is a much easier and less expensive way to enjoy prime locations, such as Vail, Colorado or Pinehurst, N.C. Prices range from $40,000 to over $1 million - it all depends on the location, number of weeks, number of bedrooms, and level of luxury. This includes use of all the amenities.
Look for more fractional home ownership information at http://www.sherpareport.com/prc/reasons-prc.html.
The really high end fractionals may also be referred to as a private residence clubs or luxury residence clubs. But how does this type of property differ from a timeshare? They are quite different, actually. A residence club offers deeded property that provides the same rights you receive with any type of real estate purchase; the property has more opportunity to appreciate; you can spend longer amounts of time on the property; and you can enjoy a luxury level of furnishings, services, and amenities. Fractional real estate does cost quite a bit more than a regular timeshare, but you get so much more for the price. Visit this link for more detailed information http://www.sherpareport.com/prc/fractionals-cf-timeshares.html
However, it is a proposition worth considering because it is far less expensive than owning a whole luxury home on your own in one location.
Author John Carol is a residence club owner, who has recently decided to share his many years of experience. Click to visit his fractional home ownership site.
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