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Fractional Ownership Investment Property
Fractional ownership began as a term associated with the aviation industry.
In the late 1990’s, the trend of multiple people owning shares in the same jet plane became popular.
It allowed people to afford something they otherwise wouldn’t have been able to, and to use it only when they needed it.
In fact, the concept of fractional ownership became so popular it spread to other sectors, including luxury cars and even real estate. Today, fractional ownership in real estate is the fastest growing sector of the high-end market, and is better known as single-site Private Residence Clubs.
At a Private Residence Club you buy a share of the actual property.
The overall development has multiple residences which you get to use for a period of time each year based on the size of the share you purchased.
In a Private Residence Club, you get to take advantage of the benefits of deeded real estate ownership. The price varies depending on the type of residence you want to buy a share of and the number of weeks you want each year.
One of the greatest upsides to the single-site model is the familiarity you gain with the property and area. Going to your part-time-vacation home becomes a treasured ritual, and when you get there, it’s like going home.
If you're thinking North Carolina or South Carolina is your best place to live but aren't ready to make the move just yet, this is truly a great way to begin the transition.
You know exactly how everything works, you know where everything is, and you know the best spot to get dinner when you want to go out. Time assignments are decided according to two systems, points or a tightly regimented schedule.
- On the points system, you get a certain allotment of points every year to spend. Certain highly coveted times of the year cost more than others, Memorial Day versus winter for example.
- In a scheduled system, you would receive the same amount of time as everyone else, typically rotating during the year, so no one owner had the same times year after year.
There are only a few Private Residence Clubs in North Carolina and South Carolina
Balsam Mountain Preserve, Sylva, NC ~ A Private Residence Club
River Landing, Wallace, NC
Owners Club at Hilton Head, Hilton Head Island, SC ~ A Private Residence Club
© 2005-2012 Places of Value Inc. All Rights Reserved. Reproduction without permission prohibited.
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About Bob Bencivenga
 Bob Bencivenga |
Bob Bencivenga is a professional site locator and location analyst for major corporations. Bob researches the growth of NC and SC to find the Best Places to Retire or Relocate that are still affordable. |
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