The second home resort real estate market is being dramatically changed!
OK! So, I did my homework last week and visited two more fractional ownership opportunities for people who want deeded ownership of their resort home, but not all the hassles of the financial outlay and the maintenance responsibility.
The Residence Clubs of the Ritz Carlton, the Weston Resorts and Harlequin Property are examples of three companies at the top of this niche market. Remember,
- You actually own a portion of the property along with several other fractional owners.
- You enjoy the typical appreciation that occurs with deeded resort property. ( Timeshares decrease in value the moment you purchase them because it is for a specific period of time as opposed to you owning the property with a
deed. - You decide how much of the ownership you would like to have. Fractional ownership costs millions of dollars less than owning a traditional “second home”, whether it is on the slopes of Aspen, on a tropical beach in the Caribbean, Hawaii, the South Seas, or even Phuket, Thailand.
Our company represents over 15 fractional and full ownership 5-star resort properties from the Caribbean, to Tuscany, to Thailand! The cost of a fractional ownership of 5-star resort properties ranges from $145,000 to $1,000,000 and more. Some of these resort home developers even offer 100% financing. Let me know if we can be of assistance. Until next time…your luxury lifestyle detective is back to work for you.