Owning a holiday home is a dream for many people, but it can also come with a host of challenges, including maintenance, property management, and the cost of ownership. Fractional ownership, however, is a new way to own a holiday home that can make this dream more attainable and affordable.
Fractional ownership involves multiple parties owning a single property, usually in the form of shares. Each owner has access to the property for a certain period each year, allowing them to enjoy their holiday home without the hassle and expense of owning it outright. This concept has been around for many years and had gained popularity in the United States and Europe, but now its popular in Kenya.
George Okumu, client services manager – mwembe resort
Fractional ownership provides several advantages over traditional ownership. For one, it allows people to own a share of a property in a desirable location that they may not be able to afford otherwise. Additionally, fractional ownership can provide a level of convenience, with the property being managed and maintained by a professional management company.
Furthermore, fractional ownership can be a great way to diversify your investment portfolio. As a fractional owner, you own a percentage of the property and may be entitled to a portion of the rental income. This allows you to earn passive income from a property without the full responsibility of ownership.
The downside of fractional ownership is that the time you have access to the property is limited. However, this can also be seen as a positive, as it allows you to explore different locations and experiences without being tied down to a single property.
In conclusion, fractional ownership is a new way to own a holiday home that can make the dream of owning a property in a desirable location more attainable and affordable. With Amber Villas fractional ownership, you can enjoy the benefits of owning a holiday home without the hassle and expense of traditional ownership. While fractional ownership may not be for everyone, it is certainly worth considering if you are looking for a new way to vacation and invest.