How does Fractional ownership (Co-ownership) work?
Fractional ownership is rapidly growing as an alternative to full ownership of vacation homes. Fractional or co-ownership homes are not a new concept. Vacation homebuyers have, for decades, split ownership and use of second homes to defray costs for vacation properties that are often used infrequently. Historically, the one-quarter fractional has been the time tested resort product and has sold successfully for many years to unrelated parties. In these developments, however, services, project amenities, and management are often minimal, particularly at the lower and mid-range market. Within the last few years, a new and refined variation of the fractional vacation home has emerged. It is rapidly evolving with accelerated interest from the market. The new fractional product is an upscale luxury home that incorporates amenities which appeal to the affluent buyer at the highest end of the household income scale. There are also new mid-priced fractional products being developed that are de
