FRACTIONAL OWNERSHIP: A MORE AFFORDABLE OPTION
by steamboatsir | May 16, 2022 With the unprecedented surge in property values over the past few years, real estate ownership has either slipped through the fingers of many would-be owners or has discouraged those shopping due to stiff competition or lack of inventory. If you fall into one of those categories, an affordable alternative to consider is fractional ownership. A hybrid of timesharing, fractional ownership has been around for nearly 40 years and has grown in popularity from a segment of the population who find it more practical to just own the portion of a property they intend on using. Fractional ownership is defined as ownership greater than one week of use per year and less than whole ownership. Some projects call themselves a “Private Residence Club”. They are identical to fractional…
