Do you automatically assume that fractional properties are the same thing as a traditional timeshare? Fractional properties and traditional timeshares actually have many differences. Fractional properties and traditional timeshares are both shared vacation ownerships and they both are investments, but if you are interested in investing your money towards a shared property ownership, then you should want to know more about fractional timeshare details. Fractional ownership has a few major and significantly big differences when compared with traditional timeshares, and you can learn more about these differences along with other fractional timeshare details by continuing to read below.
- Yearly Usage and Owners with Fractional Vs. Traditional Timeshares: The yearly usage and number of owners are very different between fractional ownership and traditional timeshares. A traditional timeshare is designed to have up to fifty-two timeshare owners for each unit, which will allow each timeshare owner the ability to have access to the unit one to two weeks at the property each year. A fractional property is made to have four to sixteen owners for each unit, and this allows the fractional property owner to have access to the unit more often each year. The majority of fractional property owners stay at the unit for three to twelve weeks each year. Fractional property owners like to spend more time than just a week or two on vacation, which is why it is a better investment over the traditional timeshares if you like more vacation time.
- Is Quality Better than Quantity? One major difference that is very notable between fractional property ownership and traditional timeshare properties is the wear and tear, maintenance and upkeep on the property. Since traditional timeshares usually have up to fifty-two owners for each unit, the unit receives a lot of traffic as each and every week there is a new family arriving at the unit. With this type of traffic, it is easy to see why there are more damages and wear and tear to the units and the property in general. Fractional properties have a major difference in that they have fewer owners and the turnover is much less, which generally results in fewer damages and reduced wear and tear to the units and the property. Fractional properties also have better locations within resorts when compared to traditional timeshares locations. The construction with fractional properties are generally superior over traditional timeshare properties, and fractional properties have more modern and high-end décor and fixtures. Fractional ownership also has upgraded amenities and services when compared to a traditional timeshare.
- Differences With Income Requirements: Another major difference between fractional ownership and traditional timeshares is the minimum required income. For traditional timeshares, the minimum required income for a household will start at approximately $75,000. For fractional ownership, the minimum required income for a household will start at approximately $150,000. Why is there such a big difference? The minimum required income levels are connected to the type of clientele that are wanting timeshare investments. It could also have something to do with the higher standards of living with the fractional owner’s lifestyle, and it seems that the fractional owners seem to expect better service from the staff and improved services and amenities.
- Intimate Connection: Timeshare developments are typically built to be very large as they usually have hundreds of units at each of their resort properties. Fractional properties are a bit smaller as there are generally only fifty units maximum at each property, which provides fractional owners with a more intimate and private environment. Many traditional timeshare owners are not emotionally connected to their unit or the property since they only spend a week or two at the property each year. Fractional property owners spend much more time at the unit and the property, which is why fractional property owners often consider their unit and property their second home.
There is one similarity between traditional timeshares and fractional properties, which is they both offer the ability to use vacation weeks at a similar property within the resort network. Fractional property owners can use some of their vacation time at other properties just like traditional timeshare owners do, because many companies are now offering fractional vacation exchanges as long as they are all in the same resort group.
In conclusion, there are many major differences between traditional timeshares ownership and fractional property ownership. The main differences will give you a clearer understanding so you can decide if a traditional timeshare ownership or a fractional property ownership is better for you and your family. You have just read some important fractional timeshare details. Which timeshare ownership would you like to invest your money with, a traditional timeshare or a fractional property ownership?