Fractional real estate ownership is an awakened real estate trend that has been around for generations. Remember friends that would head off for a couple weeks in the summer months to their grandparents cabin or lake house? It was ‘their time’. That was fractional real estate. It is a tried and true concept dressed up with a fresh new term.
Make no mistake, fractional real estate is not time sharing. With time shares, the investor never actually ‘owns’ a part of the property. They simply ‘rent’ time from others, which is no different than staying in a resort or hotel. Fractional real estate is much more than that. Individuals own a part of the property in their desired location. It also gives them a specific usage time that is convenient for them, and fits into their lifestyle.
Being a fractional owner means you are not fully responsible for the costs related to owning vacation property. You are able to share the load, which is a very attractive cost-effective alternative. One of the great advantages of fractional real estate is that you are able to sell your portion of the property. Yet, another option to use your property as a timeshare. What a great investment!
If fractional real estate sounds like an option you would like to explore, seek the advice of a trusted real estate professional, consultant or company that specializes in this trend. There are many schemes by developers that advertise as fractional real estate when they are in fact time shares.