Fractional Ownership
Fractional Ownership: A Smart Way To Buy Phuket Property
Much like a timeshare, fractional ownership allows buyers the chance to use a property for a certain amount of time each year. Fractional ownership is essentially partial ownership of a property. Fractional ownership gives buyers a portion of real ownership, meaning they can profit from an increase in property values. Unlike timeshare in which owners who do not own the property and are buying time only with very high mark-ups.
FAQS - Frequently Asked Questions (FAQ) about Fractional Ownership
Fractional ownership is an actual, deeded interest: It can be sold, left in a will, or put it in a trust. And the asset may increase in value over time. You can even rent it out and make a profit!
With fractional ownership, a property is owned and shared by several (up to 12) individuals, based on a monthly ownership. However, you can buy further months, say 2-3 months per year or as suits your vacation plans.
Buying into one of these apartments will give owners the equity and share of time at the complex, but will also help them avoid any headaches associated with maintenance, decorating, and furnishing the unit, as well as paying for the daily upkeep - all of which will be taken care of; of course, based on above, one-twelfth of those costs will be passed along to each owner.
Fractional Ownership is ideal if your main use is for vacation and do not wish to buy an expensive apartment which can cost $$$ to upkeep when not in residence for most of the year. |
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Also, the accommodation cost will remain the same for the next 30 years, compared with equivalent hotel accommodation which will increase significantly year on year.
Fractional ownership is attractive to many because it offers an easy and cost effective way to own vacation property.
The most significant benefit of fractional ownership is the ability to match your purchase with your expected use of a second home at an affordable price.
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