
For present vacation area homeowners in Hernando County Florida especially in Hernando Beach or for future getaway home purchasers just about everywhere in our fabulous horse country to the majestic gulf surf, it is hard to avoid the new trend of a how people are going about acquiring their vacation homes in Spring Hill, Brooksville, Weeki Wachee, Nobelton, and Masarkytown.
Just about everywhere in Hernando County where you might want to by a second or vacation retreat, buyers are beginning to make up their minds to “fractionalize” vacation homes and resell them in shares.
Shared ownership has become popular and is becoming the solution to difficulties well to do vacationers may have had with the timeshares of the past. Generally speaking the Shared Ownership or Fractional Residences and Vacation Clubs of today are mostly much more high end and expensive homes that allow much more use than did the old timeshare ideas of the years gone by.
Here a fractionalized home could be a great buy on a direct access canal on Hernando Beach say for $300,000. With four owners, the cost would be $75,000 each. That means that each owner could enjoy the property for up to three months each. What happens when the market rebounds especially with waterfront properties? All shareholders earn substantial profits. This is a much better solution to vacation expense versus a timeshare, provided you have the time and the money.
I’ll have more a little later on this exciting trend of vacation home ownership. For now this is Jaz Zydenbos saying happy trails to you until we meet again.