Think Owning a Colorado Vacation Home is Out of Reach? Think Again
Have you ever dreamed of owning a Colorado vacation home near ski slopes, on the fairways, and within steps of miles of award winning fly fishing rivers, but never imagined you could afford it? Now you can!
South Fork, CO (PRWEB) November 9, 2009 -- An affordable way of owning a vacation home is coming to Colorado! Riverside at Rio Grande Club is pleased to introduce a rapidly growing alternative to whole ownership in real estate: fractional ownership.
Riverside At Rio Grande
Fractional real estate, or shared ownership, is quite different from a typical timeshare, and far more affordable than whole ownership. Fractional real estate offers a specific interest (or a fraction) of a physical residence, not just the use of a property, as is offered with a timeshare. This interest is a deeded ownership of the property, giving the owners much more control over their property. As a deeded property, this interest can be mortgaged, sold, traded, rented, or even willed to others. While timeshares typically lose 50% of their value in reselling, fractional deeded ownership historically has the same appreciation rate as whole ownership.
Fractional Home Ownership is a great way for families to afford a vacation property without the expense and ongoing costs of purchasing a second home, especially one that would only be used a few weeks out of every year. Since the ownership of the residence is spread over several owners, maintenance costs, HOA dues and taxes are all shared as well, drastically lowering the cost of overall purchase price.
The benefits to each owner don’t stop here, however! With such properties being offered at locations like Riverside at Rio Grande Club, owners can enjoy all the benefits of their chosen location such as:
Full-time, professional Property Management onsite
No need to find renters in off seasons (as in a traditional vacation home)
Two fixed weeks, two rotating weeks and one floating week per year
On-site storage units for personal belongings
Golf club memberships available
Ability to rent or trade a portion or all of the five weeks allotted
No need to worry about repairs and updates such as new paint or carpet
Fractional ownership deeds are also available to be purchased by LLCs or corporations
To summarize, a fractional purchaser has a lower purchase price, lower operating costs, and a lower need for rental tenants. All of this adds up to an owner that can afford to enjoy a luxury fractional project such as the Riverside at Rio Grande Club. Unlike whole ownership, fractional ownership allows the Owner to spend more time enjoying their vacation home, and less time managing and maintaining their property.
Please feel free to contact Riverside at Rio Grande Club if you have any questions regarding fractional ownership and the many benefits provided by such ownership. We have a phenomenal "Stay and Play" weekend available to those who are interested in purchasing a Fractional Home. You will find this option has tremendous benefits over single ownership and timeshares.
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