You want to own a second home, but you are wondering about whether it’s the right thing to do. After all, you will only use it a few weeks a year to vacation with the family. Can you justify, or afford to buy a place outright, have the ownership expenses all year round, and only use it for vacations?
Have you considered fractional ownership?
What is fractional ownership and how does it work? Is it a safe option? Is it right for you?
The concept is reality is very simple, and very safe. Fractional ownership, unlike vacation clubs, is fully deeded, meaning that you own a percentage of your property.
How does it work?
We bring unrelated parties together to co-own a second home, similar to what friends and relatives have done on their own for years and decades. Fractional ownership is the shared ownership of a residence with partner owners in the same unit. Residences in this program are divided into fractions of 1/12 (4 weeks) per year, for life.
You get the same beautiful residence, the same amenities, the same privileges and the same great lifestyle as if you owned a residence outright, but for a fraction of the price. It is perfect for vacationers, snow birds, travelers and other seasonal residents. The flexibility of the system allows you to purchase as much time in the home of your dreams as you desire.
Does this sound interesting? Speak to our friendly team at Garza Blanca Real Estate to find out more.