Finances
Blog categories
February 2024
What is a Timeshare and How is Co-Ownership Different?
Timeshare is a concept that has been prominent in the vacation world since the 1960s, when the first timeshares were built in Switzerland, France, and subsequently the US. Since then, timeshare has experienced remarkable growth, evolving into a multi-billion dollar industry, but despite its popularity, still sometimes sparks confusion among potential investors when heard alongside terms like co-ownership. So, what exactly is the difference?
February 2024
Family Travel Made Affordable: How Co-Ownership Can Save You Money
Let's face it – family travel can be expensive. According to recent studies, the average cost of a family vacation in the United States can range from $1,200 to $5,000 per person, depending on various factors such as destination, duration, and accommodation choices. So, for a family of four, this can quickly add up to a substantial sum.
February 2024
Tips for Renting Out Your Vacation Home
Renting out your vacation home can be a smart financial move, helping you to recoup some of your investment, while also allowing you to enjoy your property when it suits you. However, the decision to let your second home means seeing it as a business - a change that requires plenty of prior thought and planning. In this week’s blog, we share strategic tips for renting out your vacation home and explore the pros and cons of making your property available to others.
February 2024
The Real Cost of Owning a Second Home
It’s a well-known fact that real estate tends to appreciate over time, so it comes as no surprise that second home ownership is an extremely popular aspiration for many. In fact, according to data from the most recent National Association of Home Builders study, there are around 7.5 million second homes in the United States, proving just how desirable second home ownership is.
January 2024
The Challenges of Co-owning a Vacation Home With Friends
Have you ever thought about owning a vacation home with friends? It seems idyllic – you’d have a shared sanctuary for retreats and relaxation, the purchase price could be divided, and you could all take responsibility for the property maintenance and ongoing running costs.
January 2024
How Co-Ownership Providers Help Owners Sell Their Shares
You might have heard on the grapevine that it can be tricky to get out of a timeshare, but what about selling your co-ownership share? Co-ownership makes it possible to own a portion of your dream vacation home, by jointly owning a property with up to 7 other parties. The co-owners can share costs (both the purchase price and ongoing running expenses.) And each owner is entitled to the same usage, giving everyone equal enjoyment of the home.