What is Fractional and why should I consider it?
Fractional ownership can apply to almost anything – you own part of something rather than all of it. There are examples of fractional ownership of airplanes, yachts and certainly homes. There is rumor if not proof that the fractional ownership of home started in Colorado in the 1990s. You can read more about fractional ownership on Wikipedia.
There are fractional ownership properties in Vail Colorado that appeal to specific families and situations. While they work great for property ownership for many people, they may not work for others. Why? Some families are flexible and can travel at different times of the year. Other families have to travel for ski vacations during school breaks and thus have a rigid schedule. Be sure you know what you are purchasing prior to making an investment.
Renting a fractional property, however, for your vacation is always a good option. The properties in this category are well maintained and generally have fantastic amenities. We rent fractional properties on a regular basis for all seasons of the year.
If you own a fractional property, you work with the property staff to choose the weeks you would like to be in town for your vacation. These weeks can ‘float’ or change from year-to-year or, in some cases, remain constant.
Generally speaking, any fractional ownership interest may be sold or transferred by the owner or sold through a licensed real estate agent, subject to the governing documents of the particular property you are investigating.
You can expect on-site housekeeping and concierge services as well as parking unless otherwise noted.