A new breed of vacation home ownership is gaining steam that allows individuals to share ownership of a property.
Think of it like this: A whole pie may look delicious, but it doesn’t make financial sense to buy the entire dessert if you are just having a few bites.
However, if you split the cost among several buyers and ensure that everyone gets a slice, then the purchase makes sense.
That’s the theory behind fractional real estate ownership, in which second homes are purchased under a multi-owner structure and cost and access to the home is shared.
“It allows you to create a connection between the time you spend in the home and the amount of money you pay for it,” says Andy Sirkin, a fractional homeowner and attorney who specializes in real estate co-ownership at Sirkin & Associates [www.andysirkin.com].
“It causes fewer headaches, costs less money and I still get everything I want.”
Read more: http://www.foxbusiness.com/personal-finance/2012/05/18/fractional-real-estate-ownership-getting-slice-vacation-home/#ixzz2czSxPr9Q
Located in the heart of Sapphire Valley, the Mountain Club is an enclave of custom designed, quality built mountain homes.
With a stunning Clubhouse designed like mountain lodges of old, this facility includes a game room, fully stocked bar, sauna, exercise equipment, pool and hot tub. Enjoy your second home free of the worries of furnishings, maintenance and cleaning!