FRACTIONAL is PRACTICAL
Essentially, fractional ownership is partial ownership of a property where a property is owned and shared by at least two, and often several, individuals. Even though this type of ownership is popular with vacation properties and resorts, it should not be overlooked as an opportunity to get that property that you need for those special needs. Say you are looking for a city flat to use during the week. You could share the ownership of a more up-market two bedroom flat closer to your work rather than buy a one bedroom flat further away. If you already own a property that you only use some of the time, you could sell a share in it. To understand fractional ownership, consider a large, and expensive, property that may be difficult to purchase and care for on your own. Instead of becoming the sole owner of the property, you and 11 others purchase a share of it. Now, you own part of a property and have others to help share in the burden of maintenance and taxes. Though this option is popular with larger properties, it may be used with smaller, lower cost properties as well. Finding that small vineyard, ski retreat or second vacation home in Italy, Portugal or anywhere else is more attainable with this instrument as well as more manageable. Fractional ownership and timeshares are common with vacation and resort-type properties. With a timeshare, however, you purchase a specific amount of time to spend at the property, such as 3 weeks out of every year. You would not actually own any portion of the property. With fractional ownership, you actually own the portion of the property you purchase. It is deeded, sellable, rentable, and inheritable. Better yet, you get the value of any appreciation at sale.
