Converting Your Vacation Home Into A Fractional Home

With today's inconsistent and sometimes stagnant real estate market the priorities of both homeowners and sellers has changed a great deal.  In today's market it is difficult for home owners to sell their home for its true value while buyers often hold out for a lower price which further devalues many a home.  Even those buyers who target vacation properties have become much more conservative with their finances as the costs of maintaining such properties and dealing with a deficient number of prospective renters has made would be owners wary of owning such a property in these troubled economic times.

Those who are on the verge of owning a vacation home but are finding it difficult to part with their capital can take comfort in knowing that there is indeed an option available to owners of vacation properties that will allow them to retain the benefits of ownership, all the while reaping the benefits of a seller.  This involves converting your vacation home into a fractional property. Fractionalizing your vacation home will allow you to capitalize on the appreciation your home has accumulated over the years all the while allowing you to retain partial ownership of the property.  Additionally, selling off fractions of a vacation home, may allow an owner to pay down or even pay off the loan they originally took out for purchase of the home.  Furthermore those who fractionalize their vacation homes continually enjoy the benefits of home ownership while reducing their annual costs by as much as 90%.  With all of these benefits available to vacation home owners many have begun fractionalizing their properties.

Should you be interested in fractionalizing your vacation home, Cobblestone Design Group can assist you in a variety of ways.

• Home Evaluation:  Our interior designers will come to your home and assess whether or not the interior of the home will meet the standards of prospective buyers.  If for some reason the interior of your home does not meet those standards, our designers will advise you on what it is you need to meet the standards of today's fastidious buyers.
   
• Property Location:  Location is everything in real estate and when dealing with vacation homes it rings even truer.  While assessing your vacation home, our team of professionals will help you determine the value of your property by taking into account the number of tourist attractions in your home's immediate area, the popularity of the neighborhood your home resides in, and how many different seasons tourists frequent the area in which your home is located.  Of course the more frequently vacationers visit the area your home resides in the more attractive and valuable your home becomes.  If your vacation home is in a more secluded area however and its community doesn't offer as much as other vacations spots might our team will develop strategies that make your home more attractive to those interested in owning a fraction of a vacation home.
   
• Legal Evaluation:  Any time you're dealing with real estate it's a good idea to have all your bases covered, especially your legal bases, so that you know where you stand and what you can and can not do.  At Cobblestone we understand how intimidating and perplexing the legal side of real estate can be.  We therefore hire a real estate lawyer for you so that meeting all local and state regulations isn't something you'll have to worry about.
   
• Property Presentation: In the majority of scenarios we only get one chance to make a first impression.  This is especially true when you're trying to entice buyers into purchasing a fraction of your vacation home.  Our team of professionals will not only assess your home but will assist with any remodeling that needs to take place.  We put a heavy emphasis on the things that make a home feel comfortable so that your home becomes even more attractive that it may initially be.  Amenities such as luxury linens, kitchen supplies, high-speed Internet access, and even top notch landscaping are all items we make sure to include should your home not already possess such amenities.
   
• Create a Fractional Use Plan:  As fractional real estate experts, we assist all of our clients in developing a plan that allows all owners of a fraction property to benefit equally and fairly.  Our clients may choose one of two options when creating a plan with us.  The first option involves us bringing in a management team that specializes in fractional properties.  The second option involves bringing in a real estate agent though we encourage our clients to choose the first option as the majority of real estate agents possess little knowledge of fractions properties and more often than not do not comprehend or embrace the concept.

Should you have any questions about fractional real estate or should you be interested in either selling or buying fractional real estate please contact us so that might assist you! For additional information about fractional properties you may also visit Desert Quarters. We have the experience and knowledge to give you a turn key fractional development you will enjoy for years to come.