Why Pay Full Price For Part-Time Use…Home Co-Ownership
Home co-ownership is the new smart way to buy your dream holiday home for a fraction of the purchase price and maintenance. It all started with private jets and yachts, and now you can use co-ownership to enjoy the same level of luxury but in real estate.
Buy Your Co-ownership Home
The home is held in a limited company split into eight equal shares. You can buy between one and four shares depending on your needs. That is between 1/8th and 1/2 of the full property. This flexibility allows you to choose the level of ownership that best fits your needs and budget.
Co-ownership of a 1,000,000 EUR Villa
A 1,000,000 EUR villa is held in a limited company that is split into eight equal shares. You have the option to purchase between one and four shares, depending on your needs. This means you can choose to own between 1/8th and 1/2 of the full property. The flexibility of co-ownership allows you to choose the level of ownership that best fits your needs and budget.
For example, if you purchase one share of the villa, you will own 1/8th of the property and have the right to use it for 1.5 months per year. If you purchase four shares, you will own 1/2 of the property and have the right to use it for 6 months per year. This allows you to enjoy the benefits of home ownership without the full cost and maintenance burden.
Home co-ownership is real ownership
You are the legal owner of the part(s) and you hold a right to the ownership not just the use of it like a timeshare. Owning only one part (1/8th for the property) gives you 1.5 months each year to enjoy your home and you can buy up to four parts for more use. This option allows you to own a portion of the property and be free to use it as you wish. You can also sell at any time.
Enjoy your luxury shared ownership holiday home
You can book your stays (minimum of two days) in advance or last minute through the app for owners. On average, second homeowners in Europe use their property for 35 days per year, so even if you only own one share of the property, you’ll still have plenty of time to enjoy your home. You can reserve your stays through the app, giving you the flexibility to visit your home whenever you’d like, as long as it’s not already booked by another co-owner.
Fully Managed | No Hassle fractional ownership vacation homes
Imagine you are thousands of miles away from your second home and a bird has broken one of the windows. The property manager will be contacted to handle the repair for you, ensuring that your second home is always well-maintained and ready for your next visit. With a fully managed property, you don’t have to worry about handling maintenance issues like this on your own. All utilities, maintenance, and taxes on the property are shared among the co-owners, so you can enjoy your second home without the hassle of managing these expenses. Owning a second home can be expensive, but co-ownership helps alleviate some of these costs and allows you to enjoy all the benefits of home ownership without the full burden.
Rental Income with shared ownership holiday homes
You can let the property through the house manager to generate rental income. The rental of the property is fully-managed for the owners. Imagine you receive a call on a Saturday night from one of the guests renting your property, complaining that the washing machine is not working. With a fully managed property, you don’t have to worry about handling maintenance issues like this on your own or dealing with the rental management.
Easy Exit Strategy
One of the benefits of co-ownership is the ability to easily exit the arrangement if your circumstances change or you no longer wish to be a part of it. You can sell your share of the property at any time for its market value. For example, a share worth 150,000 EUR could potentially be worth 225,000 EUR in 10 years, assuming an annual increase of 5%. Often, other co-owners or their friends or family members will be interested in purchasing a share that becomes available on the market. This allows for a smooth and straightforward exit process if you decide to sell your share. We will happily resell the share for you.