There is no standard “type” of person who would best benefit from fractional ownership; in fact, fractional properties can suit all kinds of people, from all walks of life, tastes, budgets and vacation preferences. However, there are some key benefits that might suit your particular circumstances more than others.
Fractional property investment is a type of vacation real estate ownership that is ideal if you want to enjoy the advantages of owning a really impressive second home, which is typically of more value than you would be able to afford if you were to buy it on your own. That is, you can buy something really luxurious that would be out of your price range if you were to buy full ownership. Many of us, when we buy second homes, can’t justify spending so much money on a property that we will only use a few weeks every year, and fractional ownership offers a solution to this dilemma.
Fractional real estate ownership means that you buy a fraction of a property’s worth for use during a set period. These dates may or may not change each year, depending on the scheme. For fractional real estate ownership at Villa La Estancia Residences, these periods are 1/8 (6 weeks) or 1/4 (13 weeks) which rotate each year so that you can enjoy different seasons each time you visit your property. Therefore, fractional ownership suits people who do not wish to live permanently in their second home, but who might visit for short or long periods each year.
Fractional properties are also best suited for those people who do not wish to have to worry about their property when they are not using it. Fractional real estate properties like Villa La Estancia Residences come complete with management services and maintenance, secure within an exclusive gated community. Everything is organized for you so that you simply arrive during your scheduled time to enjoy your property.
Most fractional owners are frequent visitors to the resort area, having fallen in love with the destination, but who are not ready to make the leap to move there permanently. These buyers are looking for something to call their own, to share with friends and family, wanting to buy a specific upscale vacation property, not vacation time, but without the responsibilities and costs associated with a wholly owned home.
The great thing about fractional ownership is that it offers a convenient compromise between full ownership real estate and timeshare, where you take a luxurious step on the ladder of second home ownership.