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Have You Considered Partial Ownership For Your Vacation Home?

Skiing FamilyPartial ownership is deeded ownership of a fraction of a property. Just like home ownership, there are both advantages and disadvantages to partial ownership.  It may work perfectly for your situation or not be a very good fit.

The most common way properties are split is into quarter shares, 25% ownership.  Some properties are split into 1/8 or even 1/16 ownership.  If you get smaller than that you are looking at weekly ownership and that would be a timeshare purchase.

Typically your partial ownership will be set up as rotating weeks throughout the year.  A quarter share is roughly one week a month for a total of 13 weeks a year. A 1/8th share would be one week approximately every two months for 6 weeks a year.

Regardless of the percentage of ownership, the condos will be governed by their own rules.  Those will clarify if pets are allowed, how it is handled if something breaks or if updating is needed.  Monthly dues are typically all inclusive and include all utilities, HOA dues, property taxes, etc.

If your schedule only allows for limited time in the county every year, partial ownership could be a great option.  You don’t have to work on it.  It comes with furnishings, dishes, etc and is ready to use. And, you only have to buy a portion of it.  Why not let others pay for the time in the condo you’re not using?

 

Posted in: Buyer Tips Tagged: Partial Ownership

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About Us

Mountain Living Real Estate, a.k.a. The Mountain Living Team, is a family owned, second generation, real estate company that has been helping buyers and sellers in Summit County since the early 90’s.  Mountain Living Real Estate is committed to going above and beyond to ensure their clients have the most amazing real estate experience possible.  Jason & Meredith take a personal approach to educate their clients, empowering them to make high quality decisions no matter the situation.  They take exceptional care throughout the sales process and beyond; striving to make each client’s path in Summit County one filled with fun, excitement & great memories.

Work with Mountain Living Real Estate and you’ll understand why so many people say, “We Love Mountain Living!”

Testimonials

We were most impressed with their team work and insights. We enjoy working with Jason & Meredith. We trust them and know we can count on them. This is our 6th transaction with Mountain-Living!

David from Evergreen June 16, 2022

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Brad was most impressed with Jason for his honesty. He could think of nothing that he should or could have done to make the transaction better.

Brad from KS May 3, 2022

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Contact Us


Jason and Meredith Adams

Jason & Meredith Adams
Mountain Living Real Estate

101 Main St, #109, PO Box 4115 Frisco, CO 80443

(888) 666-0844
team@mountain-living.com

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Jason & Meredith Adams are both licensed to sell real estate in the state of Colorado

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