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Insights into co-ownership for prospective vacation home buyers and existing co-owners.
February 2024
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
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
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
Owning a second home is a lifelong ambition for lots of us, so when the time comes to take the leap and buy, you want to get it 100% right. If you’re considering investing in a second home, location is undoubtedly at the forefront of your mind. This crucial factor has a huge influence on your overall experience and return on investment, so let’s get the ball rolling by looking at 15 things to consider when deciding on the best place to buy a vacation home.
February 2024
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.
February 2024
For parents, the transition to an empty nest can feel bittersweet. As kids grow up and move away from home, Mums and Dads are often left with a mix of emotions—pride, nostalgia, and, at times, a sense of emptiness. It's during this phase of life that many parents start searching for meaningful ways to rekindle family bonds - and that’s where the concept of co-owned retreats comes in, a game-changing solution that not only brings families together but also provides a haven for shared memories and quality time.
