Fractional Ownership: The next big investment tool for Highlands Real Estate

Although I've only been a REALTOR for going on two years now, I have learned that the Highlands market will always attract savvy investors. Researching other resort areas, especially in the Colorados, I have found that the concept of fractional ownership has taken off. With the cost of vacation properties well into the millions, it only makes sense to share the burden of ownership with several others, especially if you will only use your vacation home for a nominal amount of time. I believe now is the perfect time, as an investor, to purchase properties with the intent of selling fractional shares. It's hard to justify spending millions of dollars on a home that you will only visit five or six weeks out of the year. But what about owning a portion of that multi-million dollar home, for a fraction of the cost, but still getting to use it for five or six weeks out of the year. So what does this mean for the investor? Well, lets say you purchase a home for $1.8 million dollars, furnish it nicely for another $200,000 with a total investment of $2million. How much would you traditionaly try and sell that house for? $2.5 or $2.6? But if you were to fraction 8 ownerships at $530,000 a piece, thats over $4.2 million. In this market, it has to be done correctly, and it has to be done well, but it can be done. An incredible concept already being achieved in other parts of the country.....it's time for Highlands to catch that wave.