Time-Shares, Fractionals, Clubs: Comparing $
Here are the best brief definitions and price comparison of the new partial-share ownership plans I've seen, courtesy of Coastal Living magazine.
A "fractional residence" is a time-share in which "developers admit fewer owners so each owner is guaranteed more time to use the property," Allen Bunting writes. "Fractionals are usually affiliated with higher-end hotels and resorts, providing owners with access to numerous services." Destination Clubs are "upscale fractional residences...but membership does not provide ownership rights to a specific property." Instead, members buy the opportunity to stay in different locales.
Price tags, excluding annual dues and maintenance, are:
¶Time-share: $12,000 to $14,000 a week.
¶Fractional ownership: $300,000 to $500,000 for 4 to 13 weeks a year.
¶Destination clubs: $75,000 to $500,000. Four- to eight-week stays are the norm.
Categories: Timeshare, Fractional, Destination Club
Labels: second homes