A Fractional ownership is a wonderful way to own part of something that would otherwise cost hundreds of thousands of dollars to own. This is being done today with anything from racehorses, to yachts, and luxury cars such as Ferraris and Lamborghinis. It is also becoming very popular to participate in fractional ownership when it comes to real estate. This provides those who are looking for a way to enjoy luxurious getaway accommodations at a fraction of the price of full ownership.
Although fractional ownership sounds much like a timeshare, there are differences between the two. The biggest difference is that when one buys a timeshare, there is no real ownership of anything except the right to use it for a certain period of time. With fractional ownership, the buyer is actually part owner and can leave the title or deed to someone in their will, they can sell it or even rent their ownership period out. With timeshares, the value goes down over time where with fractional ownership, when the property value increases, so does the value of the fractional ownership.
A great opportunity for fractional ownership is now available in Lighthouse Key Resort and Spa just outside Orlando in Kissimmee, Florida. This luxurious community is now selling fractional shares in 1/13 increments, which will entitle the buyer to enjoy their condominium for four weeks. A two-bedroom unit is approximately $40,000 and a four-bedroom unit is $80,000. If the part owner does not wish to use all four weeks, the remaining time can be placed into a rental program. To take part in fractional ownership at Lighthouse Key, one must pay annual dues that go toward the upkeep of their unit along with use of clubhouse, movie theatre, billiard and arcade rooms and fitness center.
Fractional ownerships are a great opportunity for people to enjoy all of the advantages of vacation home ownership while splitting the costs with other like minded individuals. This hassle free approach to owning a vacation home is an ideal opportunity for investors and vacation goers alike.
For more information on Lighthouse Key Resort Orlando Please visit: Orlando Investment Properties