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Why Buy at the “Montesoro Private Residence Club?” Hint: it's not just about all the money you will save,
1. A million dollar lifestyle, at a fraction of the cost. When you look at the math, vacation homes are costly, even a two bedroom condo can run you several hundred thousand dollars, and, it may not really be the home of your dreams. The costs don’t stop there, there is also, annual maintenance, repairs, taxes, insurance, and all the management headaches associated with keeping your dream vacation home in maximum enjoyment shape.
According to a study done by the National Association of Realtors, the average vacation home owner spends only 39 nights per year in their vacation home. In addition, only 25% of vacation home owners actually rent out their homes and you begin to realize that traditional whole ownership of a second home is a challenge from a financial perspective. At the Montesoro Residence Club you won’t have this problem. First you are going to choose from beautiful full 3 and 4 bedroom homes...fabulous dream homes you would be proud to showcase to your family, friends and associates. Then why not pay just for what you typically use and let other owners purchase according to their requirements. So if an average family uses their resort home only 39 nights per year and you think you need more usage time, simply buy an ownership according to the time you believe you will use. If you think you need 70 nights per year (10 weeks), you will have almost twice the average use, aligning your use with your costs – something that can only be done through fractional ownership or by renting. (The advantages of a fractional ownership, of course, are that you are able to participate in appreciation and receive certain tax benefits whereas with a rental you receive none of these benefits.) When you get right down to it, buying at the Montesoro Residence Club will save you money. When you realize that vacation home owners use their home only a small percentage of the year, you will begin to see the waste involved in buying a full ownership home the conventional way. If you purchase a fractional, 1/4, you are saving over 75% on the price of the home. Not only that, but you are also saving 75% on the annual costs of upkeep, repairs, taxes, insurance and mortgage payments (if any). It's like getting a discount for using the home the same amount you probably already would have if you’d owned the home outright! You have to like that math! 2. A central family “Gathering” place, big enough for everyone Today’s families are more mobile than ever before. Disney has created a special division called “Gathering” just to focus on groups of 8 or more who are routinely vacationing together. Aging parents are often retired in “active living communities” in sun drenched southern states and children may be at college or following their career paths on the other side of the country. Holidays tend to be short, hectic and cramped. What people need when on a vacation is a “central family gathering place” to help them slow down and enjoy being together as a family. Your purchase of a Montesoro Private Residence Club membership will give you three great ways to host family gatherings:
So use your purchase of a 1/8, 1/4 or 1/2 interest in a Montesoro Private Residence Club home to create your very own family gathering place. You and your family deserve a place to get together, relax, make new memories, and reconnect. 3. Gain Access to Exclusive Resort Areas
Picture this, you and your family in a fabulous Million dollar home in an exclusive desert resort, or overlooking one of the worlds ten best beaches in the Barbados at the luxury Crane Resort. Luxuriate in your 5,000 square foot home on the golf course in beautiful Mammoth California, or perhaps you would prefer Lake Tahoe or Steamboat Springs? How about Pinehurst North Carolina? Yes you can enjoy the million dollar lifestyle and have the pride of ownership at some of the world's most exclusive addresses, when you buy a 1/8, ¼ or greater interest in the Montesoro Private Residence Club. Fractional Ownership lets buyers, who can afford or can only justify a modest investment get their “foot in the door” of exclusive resort areas they otherwise would find unobtainable.
Who doesn’t need less stress in their life? This is one of the primary reasons to buy a vacation home. Do you want to spend your vacation cleaning, getting the air conditioning fixed and repairing the pool? I didn’t think so. When you buy at the Montesoro Private Residence Club you are never going to have those worries. All our residences come with third party cleaning and maintenance staff. Think of it this way, if you own your vacation home, you may be more inclined to skip the added expense of the cleaning service because you feel that you can just do the cleaning yourself. Maybe you also decide after doing all the cleaning that you can put off certain repairs until your next visit – you are here to relax after all, right?. The home now becomes more of a burden and less of a pleasure every time you visit. If you pay someone, you have to cover the entire bill yourself – so instead you end up doing the cleaning and maintenance yourself, or simply putting it off. The above scenario is not the case with the Montesoro Private Residence Club because none of the owners are individually responsible for cleaning, maintenance, or repairs – they pay someone to do those for them. While this does raise the total annual cost, that additional cost is divided between the owners so that each individual owner ends up paying less overall. What this means in practice is that fractional owners enjoy a cleaner, better maintained, and more up-to-date vacation home than their whole ownership counterparts. They will also enjoy stress free visits to their vacation home and pay less individually! Here is one reason not many people stop and think about: When you buy the Montesoro Private Residence Club it is inherently more “green” than whole ownership. It makes better use of natural (and financial) resources because a single home can be divided between a number of partial owners who then align their purchase with their anticipated use. If everyone who had the financial means and desire to purchase a vacation home did so, we would eventually see high rise towers and suburban sprawl blotting our beautiful resort and vacation areas. This is exactly what people try to escape. If instead, eight owners combine resources to purchase a large single family vacation home, we now have seven homes that do not need to be built! This means less disruption to the environment in every respect. Those eight owners know intuitively that they won’t be able to spend the whole year at their vacation home (otherwise it would be a primary home right?), so why not split the time and costs with other like-minded owners? This saves the owners’ money and saves the environment as well. It is a real win-win for everyone. 6. It is Real Estate, not Timeshare. It is common for people to think timeshare when you start talking about Private Residence Clubs or Fractional Ownership. This is because in fact you are sharing time. The problem is that most people have negative associations with timeshare that simply don’t apply to Private Residence Clubs in general and the Montesoro Private Residence Club in specific. One of the significant differences between the two products lies in the amount of deeded ownership allocated to their respective owners. In a timeshare product, the deed is typically split between 52 owners. That means the corresponding deeded interest per owner is 1/52nd. That is, of course, if the timeshare offers deeded ownership at all – many do not. Fractional Ownership, on the other hand, is different. A typical fractional arrangement in a stand-alone home or a Private Residence Club will have far fewer owners – at Montesoro the maximum is eight owners. Many have as little as three owners. This translates into a significant amount of deeded interest for each owner. Why does this matter to you? Well, it has to do with dilution of your deeded interest. The fewer the owners, the closer the price is aligned with the base real estate. It takes a lot of effort and marketing expense to sell to 52 owners. All of that overhead is passed on to you, the consumer, when you purchase a traditional timeshare product. There is still overhead when you purchase a fractional but it is much, much less. It is simply easier and less costly to market and sell to two,three or four potential fractional buyers. The price you pay for a fractional ownership share is much closer aligned to the base real estate. This translates into better resale rates and appreciation potential that will tend to follow general real estate trends for traditional whole ownership homes. 7. It is a great way to diversify and enjoy your assets The current financial stress has brought many of us to a painful reality. You can’t count on financial assets They go up and they go down. The challenge with financial assets is that if they’re down you can’t get the same enjoyment out of them. If your resort home went down in value, at the very least you can still go and enjoy it. In fact, it is arguable in these times, that getting some down time to de-stress, enjoy your family and your life may be more important than ever. Luckily, since you are in the market for a resort home you can take advantage of market conditions and buy at huge savings! Remember, in the long run real estate has been good, and at least with a terrific resort residence like the Montesoro Private Residence Club you can be assured that you will be getting tremendous usage and emotional returns year after year. So our view is simple. There has never been a better time to buy real estate. It is a great way for you to diversify your portfolio away from stocks, bonds and mutual funds. A vacation home, whether it is a full ownership or a fractional home, allows you to make a “lifestyle investment” in your emotional well-being. There is another way to diversify that is unique to fractional homes. Instead of purchasing a single full ownership home, you can purchase multiple dissimilar fractionals for the same total dollar amount. Imagine this: not only can the homes be geographically diversified; they can also be diversified in terms of seasonality, size, amenities, and appreciation potential. For the same cost as a single high-end vacation home in a ski resort, with fractional ownership you could buy 1/4 of that home, plus another 1/4 in a home on a golf course, a third 1/4 close to a tropical beach and maybe even a fourth 1/4 in a hip downtown loft. Fractional Ownership gives you options. The very wealthy have owned multiple vacation homes for centuries, now fractional ownership gives nearly everyone the opportunity to do the same.
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