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WHAT IS FRACTIONAL OWNERSHIP?

Fractional Ownership is essentially partial ownership of a property. With fractional ownership a property is owned and shared by at least two, and often several, individuals. This type of ownership is popular with vacation properties and resorts.

Owners purchase a deeded share in a residence that gives them the opportunity of using the home for a certain time frame.

Fractional, But Not Timeshare

Fractionals differ greatly from the old-style timeshares. The primary differences are that fractionals offer:

• Deeded property, with the same rights as any other real estate purchase

• Greater chance of property appreciation

• A longer amount of time on property

• A sharing of expenses related to the ownership

Of course, all of the above perks add up to another major difference: price.  The cost of the home is divided among the number of individuals seeking ownership

There are a couple of drawbacks to not owning the whole home, of course. If you have a passion for interior decorating or enjoy taking unplanned, last-minute vacations, you may be unhappy with the limits of fractional ownership. However, fractional properties are one of the fastest-growing segments of the real estate industry, so there are clearly many who find the benefits far outweigh the drawbacks.

With fractional ownership, the home will be occupied and well maintained. Maintenance issues can naturally ensue if you have a home that sits empty. If homes are used as rental property, they are quite often over occupied and this abuse accelerates wear and tear and requires replacement of appliances and furnishings.

So if you dream of owning vacation property and can't afford the type of property you want or feel you won't use the vacation home often enough to justify the expense, Fractional Ownership could be just the solution. 

The following properties could be considered for Partial Ownership