Tuesday, April 25, 2006

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.



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