Downtime
One of the biggest decisions when buying a holiday property is “how much time will we actually get to use it”?
Most people could only look at using a property for around 6 weeks per year so why purchase a property that is going to remain empty for over 10 months?
Undoubtedly you will be able to generate some rental income if you have purchased the property in a great location, however even in a great location you would still only be looking at around 16-20 weeks of rental income, that still leaves the property empty for 6 months of the year with you continuing to pay the bills.
Fractional ownership is the answer.
Using one of our most popular fractional ownership models i.e. owning a quarter share of 12 weeks, you use 6 weeks for your family and friends, take 25% of the 16 weeks rental income that your management company will provide i.e. 4 weeks, this leaves you a balance of only 2 weeks where the property is not being used, a huge difference between that and 10 months, now doesn’t that make sense?