The Possession of Leisure is a Wonderful Opportunity. But it seems global recession and credit crunch are keeping many holiday flights delayed until further notice.
South Africa presents a jewel of an opportunity for you. An ingenious investment of share and usage. A debt-free and appreciating property. Fractional Ownership.
Why are you not going on holiday this year? Does the exercise of once-off leisure and vacation travel seem rather costly and short-lived? An investment in fractional ownership is quite the opposite. It is an investment in time at a leisure property. Be smart about it and look for one that is managed by a reputable hotel and resort management company.
This way you win as they take care of the maintenance, expenses and time demands of a second home. It is after all a leisure investmentyou probably like kept that way!
Also search for South African Private Residence Clubs as they offer prestige and exclusivity.
An ownership entitles you to do more than enjoy vacation time at a leading development.
Other opportunities in this type of investment exist as well. Look to purchase your leisure property investment in a group that is affiliated with other prestigious labels such as the Registry Collection and RCI, to name two of them. Ensure that your purchase entitles you to membership with these organisations. Now you have the whole world to play in. Exchanges to an array of international locations are easily arranged. And you’ll never be expected to compromise the luxurious standards you enjoy in your own leisure property investment.
There is more than the whole world at the ends of your fingers. A promising investment. It is well known that the eyes of investment are looking from as far off as a mere ten hour flight from abroad.
And inevitably so. South Africa has many more reasons to make it an attractive and inexpensive investment in leisure property and developments. Well known too, is the fact that the 2010 influx of tourists may see the value of your ownership being kicked off through the roof. Relative to Europe and the USA, South Africa is a very attractive investment. Prices are going to rise.
Now is the most opportune moment to buy Fractional Title Ownership. It will provide the benefit of a simpler choice. Exchange your holiday for another location in the world; use your original choice of holiday or take advantage of the rental scheme so that you don’t get caught losing out on the value of your holiday investement. Of course, the 2010 influx will be requiring accommodation. Indeed, the possession of leisure is a wonderful opportunity.
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Fractional Ownership
fractional ownership is a smart and affordable way to own an interest in a luxury home in a prime location. Investors acquire a share in the company which entitles them to exclusive usage rights to a luxury home owned by the company. Typically this share will entitle the investor to the use of the vacation home for four weeks annually. The company is responsible for all operating and administration costs. These operating costs are then shared with the other shareholders making the investment extremely efficient and fractional property ownership is a intelligent and cost effective way to own an interest in a luxury home in a prime location. Investors acquire a share in the company which entitles them to exclusive usage rights to a luxury home owned by the company. Typically this share will entitle the investor to the use of the holiday home for four weeks annually. The company is responsible for all operating and administration costs. These operating costs are then shared with the other shareholders making the investment extremely efficient and cost effective.
GOOD ADVICE: Many fractional title ownership companies tend to own a stand-alone house which investors then acquire a share which entitles them to use the house. This in itself is wonderful as you then have the use of a holiday home for your allotted times. Going to the same holiday home year in and year out can become boring.
So if you really want to benefit you should look for a fractional ownership company that has houses in a number of areas or resorts and where your share enables you to exchange your time at your usual vacation home and go stay at a different holiday home.
Also find out from the company if you are able to exchange holidays with other resorts locally and internationally and use your allocated time at another destination. These companies would be affiliated with companies such as the Registry Collection or RCI.
What private residence club means for you:
• This property is yours to occupy for four weeks every year. (this can vary depending on your holiday requirements)
• You are not responsible for the physical maintenance of the property.
• You are responsible for levy which covers your share of the operating and administration costs of your unit.
• If you are unable to occupy your holiday home you will be able to rent it out (and earn income from it).
HOT TIP: Look to purchase an affordable share in a debt-free and appreciating luxury holiday home. The holiday home should not be bonded by the fractional ownership company
Timeshare
This type of ownership entitles you to occupy a furnished holiday home or apartment in a fully serviced resort property for a specified amount of time annualy. Prices of timeshare vary depending on the standard of the property and facilities, length of period to be purchased (normally a week), season and size of unit (one two or three bedroom). There is an annual levy payable each year to the resort.
Timeshare can be exchanged so you can take holidays at other resorts for your allocated time or can be deposited in a rental pool if not utilized
Time share is packaged in two different options:
• Fixed week: This allocates a one week occupancy at a specific time every year
• Floating week: this will allocate you a week in a particular season
In summary: Fractional property ownership is a more refined and sophisticated option in leisure investment. The product is more upmarket and the units tend to be of a better quality and bigger size.
You can pick up some great deals on the timeshare option of leisure ownership through timeshare resales though.
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