Fractional Real Estate has gained momentum over the last couple of years. It is a relatively new concept that allows you to enjoy home ownership privileges for a number of days per year at an upscale, luxury resort or vacation home but at a fraction of the cost of whole ownership.
If you want to own an impressive second home and located in an expensive resort area but can’t quite justify the expense because you’ll only be using it a few weeks or months of the year, then this type of real estate arrangement is a great solution. Part of the appeal of fractional real estate is that it is a completely hassle free way to own real estate and yet much more financially attractive than a timeshare ownership.
Most well organized and thought out fractional real estate developments allow you to never have to worry about repairs, maintenance or housekeeping. Everything is included in the price and annual fees and taken care of by a professional management company.
Fractional real estate ownership is something that has been compared with timeshares. Timeshares have been arround for quite some time and they have seen a great deal of growth with marketplace acceptance and reputable players such as Marriott, Hilton and the Ritz Carlton providing timeshare ownership. However, as the trend has emerged, even these big players have invested heavily into fractional real estate offerings.
Introduction of fractional real estate ownership has proved to be the last nail in the coffin for timeshares.
Today, people are really not interested in going for timeshares for many reasons. One of the reasons is the value appreciation factor of fractional real estate ownership. Timeshares can depreciate in value, but, fractional real estate properties can really go the other way round. It is because of this appreciation in value that fractional real estate are really considered to be the nest egg that people can really get benefited from.
June 16, 2008 at 2:28 pm
Fractionals are the wave of the future in gaining access to luxury assets. The Fractional Concierge website (http://www.TheFractionalConcierge.com) is the world’s first website that brings together ALL assets sold as fractionals: Real estate, aircraft, sea vessels, automobiles, recreational vehicles, and everything else from handbags and artwork to dogs and organically grown meats. The website gives you detailed information, pricing and photos on hundreds of fractional assets so you can peruse the many different options.