Do you know what fractional properties are? Do you just assume that fractional properties are basically the same as a traditional timeshare? What does fractional timeshare mean? Fractional properties and term shared ownership are two types of investments, but these two types of investments have major differences that you should know about especially if you are thinking about investing your money in a shared owned property. A fractional timeshare ownership is very different than a traditional timeshare. Continue to read below to find out exactly what does fractional timeshare mean:
Number of Fractional Owners Along with Yearly Usage
With a traditional timeshare ownership, they are built and designed to have up to 52 owners for each unit. The reason that there are up to 52 owners for each unit is so each traditional timeshare owner can have one to two weeks at the property each year. With a fractional property there are only 4 to 16 to owners for each unit. Fractional ownership allows the fractional owners to have the ability to use the property more times each year unlike a traditional timeshare owner. Usually, a fractional owner will spend on an average of 3 to 13 weeks each year at the property. This is perfect for people who want more than just one week of vacation time each year. One week is just not enough time for a vacation. If you believe this, you should elect to choose fractional ownership investment over a traditional timeshare investment.
Quality over Quantity
A major difference between the traditional timeshare ownership and fractional ownership is the maintenance and upkeep on the property. Traditional timeshares will generally have up to 52 different owners for each unit. This means that every week there is a different family coming in which results in a lot of weekly traffic and wear and tear on the unit. With 52 different owners using the same unit, it means that the unit and property will become older quicker due to the amount of people using the unit, and of course this could result in more damages occurring to the property unit as well. Fractional properties have significantly less owners that will be using the unit, which likely means less damages will occur. Fractional owners will have a better vacation experience and the staff gets to spend more time getting to know each of the fractional owners because there are less owners each year. You may be surprised to learn that the location within the resort for fractional properties is superior to timeshare unit locations as the fractional properties typically are better situated. Also, fractional properties tend to be constructed with superiority, beautiful décor, all fixtures are high end, and services are upgraded when compared to the traditional timeshare properties.
Income Level Differences
There are also major differences with the required income minimum between fractional ownership and traditional timeshare ownerships. For timeshare ownership, the minimum income qualification is $75,000 per year, and a fractional ownership minimum income qualifications is $150,000. The income level differences also results in a different type of clientele than standard timeshare owners. Fractional owners generally have a higher standard of living, and they have come to expect a higher level of service from all of the staff members as well.
Timeshare developments are usually very large and they often have hundreds of units at each timeshare property. Fractional properties are generally much smaller than the traditional timeshare properties as they usually have about 50 units at each property, which provides a more exclusive and personalized environment at fractional properties. Traditional timeshare owners are not as connected to their unit on the property, because most timeshare owners usually only spend a week or two at the property each year. Fractional owners tend to view their unit as their second home. Traditional timeshare properties and fractional properties have one similarity, which is all owners can possibly vacation at other properties that are within the resort network. Fractional property owners can use their weeks at similar resort properties just like timeshare owners do as long as the resort is within the group.
In conclusion, as you can see there are many differences between being a fractional owner and a traditional timeshare owner. You now can see and understand what fractional timeshare means. If you are considering purchasing a traditional timeshare membership or a fractional ownership, you should go over the main differences mentioned above so you can make the right decision for you. Do you know what does fractional timeshare means now? Which investment would better suit your needs?