The idea of a luxury vacation home is attractive to many buyers, but concerns about usage, maintenance, and costs can give some prospects pause. The fractional ownership model available at Timbers Resorts has proven to be an attractive alternative for those who intend to visit a property less frequently or don't wish to hassle with ongoing upkeep on a home.
Unlike the traditional 'timeshare,' fractional ownership gives a larger ownership percentage and usage - often something from three to six weeks per year. As with a regular property purchase, the fractional ownership can be resold if plans or goals change - it does not expire.
Convenience is another key point converting some to fractional ownership. Timbers Resorts offer concierge service, airport transfers, a shopping service, and spa services to complement the residence. Since residences are fully furnished and updated, the inconveniences of second home ownership are reduced to the greatest degree possible.
For those who don't wish to limit their stays to one location, Timbers ownership privileges allow Owners to trade time to visit other properties in other locations through the Timbers Reciprocity Program. Many find this to be a valuable factor, giving the second home ownership added flexibility from year to year.
Before purchasing a fractional ownership, there are a few questions to ask. Among them are how the annual maintenance fees are set, how usage will be determined, and what percentage of the resort is sold. Working with a company with a history is the fractional business is encouraged, as there are intricacies to getting the balance right to ensure all fractional owners are satisfied.
For those looking to spend all summer in one location, a fractional ownership may not be ideal. But for Owners who value flexibility, convenience, and a more reasonable cost of entry, fractional ownership can be the key to the luxury vacation home they've been dreaming of at a palatable entry cost. With research, conversations with sales executives and visit(s) to the resort(s), you can make a decision for what works best for you and your lifestyle.
To learn more about Timbers Resorts, please contact us at 800.941.4579 (toll free) or 970.963.4626 (direct) or via email at [email protected].