Isn't this timeshare?
No, there are many key differences.
The up-front financial investment for co-ownership is undoubtedly higher, but lower operating costs, booking flexibility and the option for 4-5x more use throughout the year mean significantly lower cost over the long term.
Before we look at financial cost, here are some other key differences.
Timeshare is a lease on the property, which limits your ability to use it as you wish. Co-ownership gives you the full ownership of the property via company shares, for life, and is fully transferable to others.
You're able to have an equal say in all key property decisions: rental options & marketing, capital expenditure, even larger maintenance decisions. You are not subject to the rules of a timeshare company, and all owners can share their preferences.
No hidden costs, all operating costs are transparent and shared equally amongst all shareholders, with no markup or profit margin to worry about.
We offer a range of management options, from self-management to fully managed and a range of services in between. If you opt to rent to offset operating costs, we can manage this for you too.
Maintain a sinking fund for unexpected repairs, and choose when to upgrade or update the property: No sudden unaffordable bills for updates and upgrades you may not even want.
Points are issued on a rotation basis, ensuring fairness and balance whilst making sure that everyone gets the opportunity to book the most popular weeks. Last minute booking discounts provide additional value for those with the most flexibility.
A financial comparison of cost over time
The initial financial outlay for co-ownership is higher, but timeshare is a depreciating asset. In the US, 5 years after purchase the majority of timeshares sell for 10% or less of their original purchase price.
We created a detailed financial model that can be viewed here, and a summary is below.
The key metric is cost per night.
