Why Consider Fractional Ownership, Instead of Whole?
There are many reasons you might want to take your slice of the pie, rather than the whole thing. To any rational individual looking into second home options, it doesn't make sense to own a house if you're only going to be there a few months out of the year. Some people buy a second home with the intention of retiring there years down the road - a dream which never materializes. Then they're stuck with two huge houses, when they've decided what they really want is to downsize into a cozy amenity-rich condo downtown. Instead, why not own fractionally for a while as your plans settle? You can always opt to buy out the other share holders down the road or simply sell your share and move on. Of course, there are other reasons to consider fractional ownership, such as:
Get more bang for your buck. Let's face it: We all want the American Dream - the big house, the sports car, the maintenance-free lifestyle. Part of the mortgage crisis was caused by people who purchased outside of their price range, hoping to skate around the hefty costs through too-good-to-be-true financing. By contrast, fractional ownership gives people that luxurious lifestyle for a reasonable amount of time for a fraction of the cost. Why pay for a depreciating timeshare to use for 1 or 2 weeks per year, when you could live in a Hollywood-style mansion for three to four months instead?
Have the best of everything. Fractional properties are carefully selected to offer the best amenities. Most boast Oceanside or mountainside views, concierge services, fully stocked kitchens and maid services, as well as on-site golf courses, spas, fitness centers and restaurants. Your property is likely to feature marble countertops, exquisite finishes, classic architecture, hardwood floors and other decorative touches that exude opulence.
Don't worry, be happy. As we get older, we're naturally sick of mowing lawns, grocery shopping, home improvement projects and scrubbing kitchen floors. By splitting an annual maintenance fee among eight other shareholders, fractional properties allow you the maintenance-free lifestyle you've always wanted. You can have your own personal chef sizzle up a surf and turf meal for your family, a concierge man order your theatre tickets for you and a maid / landscaping service keep your home looking immaculate.
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