| Below
are a selection of questions asked, interested
parties please join us in the members area |
| First the big one. Is
this timeshare?
|
| The
simple answer is no, with timeshare you don't own the property and cannot sell it. |
| What are the benefits of owning a homeshare property? ?
|
Many people love the idea of owning a holiday home: a financial asset that the whole family can enjoy for years to come. However, the reality is that holiday homes are expensive to maintain, plus they often sit vacant for much of the year because their owners simply cannot find the time to use them. Homeshare is the obvious answer but, up until now, it has been an area dominated by corporations and developers. With homeshare ownership, shareholders buy an asset at its market value.
Which brings us to reduced costs.
If you could reduce the cost of purchasing your dream home by a factor of 10 for instance that would make it much more manageable. With careful planning and selection of your fellow homeshare owners it is possible to share the cost of purchasing without having to compromise on the weeks that you spend at your homeshare property (most second home owners only stay 4-6 weeks in a year). |
| Do
all parties in the group pay the same amount? |
| We suggest you use our calendar
here to split the property into weeks, Red weeks are the most popular times for holidays, orange is next followed by green. As you see the parties buying red weeks pay more. |
| Can we exchange weeks? |
| Of course, you own the property, parties can rent out weeks, or exchange weeks, in fact we are about to start work on a new section of our site to encourage exchanging. |
| What happens with cleaning and maintenance? |
| We are here to help you every step of the way and can put you in touch with property management companies in the country your property is based. |
|
Will it pay it's own way? |
If you plan to sub-let your place to other holidaymakers, rental returns on holiday homes now average 10 per cent, according to specialist web agency www.Directholidayproperties.com.
We suggest you set out a pre-signed shared ownership agreement detailing procedures for any damage or misuse giving you piece of mind that your investment is still in good hands while you are not there. |
| What happens with running costs and upkeep? |
| We suggest you set up a fund to ensure All annual running costs are divided equally amongst the owners to cover rates, insurance, utilities standing charges, administration, periodic external repainting and maintenance of communal areas while a sinking fund provides for refurbishment of the interior of the property assuring you that it will always be maintained to a first class standard on a regular basis. |
| Conclusion |
| Most people only use a holiday property for a few weeks each year, take a look at the advantages of homeshareinthesun. Owning property in this way could make it more affordable, a bigger property, maybe in a better location, or even allow you to have shares in more than one property! |
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