Fractional Ownership - Vacation Homes
Fractional ownership of luxury vacation homes, also called private residence clubs, is a relatively new concept that allows you to enjoy up to three months of home ownership privileges at a top-of-the-line, luxury resort but at a fraction of the cost of whole ownership. Because you're essentially only paying for the time you use, as opposed to paying for all the time with whole ownership, fractionals can be a much more cost-effective way to vacation in the most desirable locations in the United States and around the world.
Fractional ownership is a well proven and secure way for you to own a dream vacation home at a fraction of the sole ownership cost. You and other fractional ownership decide how the property is managed and if you decide to sell your shares you benefit fully from any appreciation that the property has gained over the ownership period. You pay a fraction of the costs of maintaining the property and do not need to be personally involved in the day-to-day upkeepings. This is a true worry-free lifestyle choice for vacation home ownership. Elite Destination Homes has been successfully helping vacation home owners achieving their goals in owning a dream vacation home worry-free and hassle-free. A fractional property would be out of the price range of most individuals, but because ownership of the home is divided between a small group of people, this upscale lifestyle becomes affordable. In comparison to timeshares which offer no investment values, fractional ownership is a sound option for those who would like to see the appreciation in their real estate properties.
Turks & Caicos Homes in Caribbean Islands[/list]Fractional ownership has become very popular is easier financing options. Since you purchase deeded ownership to your vacation property, banks offer more favorable financing for fractionals than for other shared ownership options, like timeshares. Because there are far fewer fractionals available than timeshares, their value tends to increase, making them a better bet for banks to finance.
Elite Destination Homes is built on the experience and success of Real Estate Equities, a diversified real estate development and property management firm with over thirty-five years of experience. Real Estate Equities, based in Saint Paul, Minnesota, has developed, owned and operated more than 8700 residential housing units in the upper Midwest. It is this deep background as real estate investors that led us to invent an ownership model that combines the lifestyle benefits of great vacation homes with the investment benefits of real estate ownership.