Luxury Fractional Ownership in a New Vacation Home

By: John Carol

Luxury fractional ownership allows you to own a vacation home in a location of your choice without having to worry about repairs and upkeep. What's more, rather than paying the full price for a second home you only pay for the weeks that you will stay there. This new type of vacation home ownership is starting to become more popular as busy professionals and discerning families search for a better way to spend their vacation time. At the same time, it's more comfortable than living out of your suitcase in luxury hotels.

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Fractional ownership offers not only real estate in prime locations but also the high-class amenities you would love, such as a chef's kitchens with granite countertops and high end appliances, bathrooms that resemble spas, and large roomy closets. Moreover, fractional ownership offers the services of housekeeping and all the benefits of a first-class hotel, including a concierge. Some of them even offer ski passes, golf club memberships, and even storage space for your stuff between visits. You can choose to own an apartment or a condominium, a townhouse or a detached home of 2 to 4 bedrooms. Visit this link for more information: http://www.sherpareport.com/prc/prc-overview.html.

The concept of ownership is quite simple; you purchase a deeded (1/4 to 1/13) share in a residence for the number of weeks you want to stay on the property per year. For example, if you buy a quarter share, you can stay for 13 weeks and a 1/8 share would give you about 6 weeks. This way you can go to a prime location, such as Vail, Colorado or Pinehurst, N.C at a fraction of the price you would be spending if you were to buy real estate. Prices range from $40,000 to over $1 million according to the location, number of weeks, number of bedrooms, and level of luxury. These prices are inclusive of all the amenities.

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The really high end fractional homes are like private residence clubs or luxury residence clubs. They are quite different from a timeshare because the residence club offers deeded property with the same rights as you would get on a real estate purchase. It has more opportunity to appreciate. At the same time, you can enjoy a luxury level of furnishings, services, and amenities for a much longer period of time. Of course, you pay much more for fractional real estate than a regular timeshare for the additional http://www.sherpareport.com/prc/fractionals-cf-timeshares.h benefits. You can get further detailed information at tml

At the same time, it's much less expensive than owning a whole luxury home on your own in one location. You may want to consider getting into fractional home ownership yourself.

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John Carol is a residence club owner, who has recently decided to share his many years of experience. Click to visit his fractional real estate site.

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