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Shared home ownership (also known as fractional home ownership) allows you to have the second home you’ve always dreamed of at a fraction of the cost and none of the worry.
Own your second home and pay only for the time you spend there. When you select fractional ownership, you are purchasing a fraction of your property. Legal title is divided between you and other owners, and a property manager is assigned to oversee your residence.
You’ll have a deeded share and, depending on size of the fraction you choose, at least four weeks to enjoy it each year. For that time, your fully-furnished and immaculately-kept vacation estate is yours, complete with exclusive five-star luxuries and personalized concierge service .
For anyone choosing a second home, fractional ownership is the perfect alternative to wholly-owning a second property.
Typically, second home owners use their vacation property for a few weeks or months during the year. For people who fully-own their second home, their property is vacant for the remainder of the time. Besides the considerable initial investment, owners deal with maintenance costs, security and insurance issues, vandalism, damage and theft. While they are away, they worry about the property and feel guilty when they do not spend time there.
Fractional ownership allows you to own your oceanfront luxury estate without the disadvantages of whole home ownership. You only pay for the time you use at your home, so you receive more for your money. Property management and maintenance services take care of your home so you don’t have to worry. Five star luxuries and amenities keep you comfortable and entertained. And when you want travel to a new destination, our travel exchange program lets your home pay for you. Even when compared with interval options such as timeshare, fractional ownership offers larger properties, better benefits and greater resale value.
Peace of mind, fantastic privileges and excellent investment value - when you combine them all, fractional ownership really is the solution to home ownership.
To learn more about On Ocean’s Edge fractional properties and shared home ownership, please contact us.
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