Archive for November, 2009
November 30th, 2009 | 
Author: 
The latest trend in vacation homes or second homes is the resort condo hotel. According to NAR, investment homes accounted for a quarter of all home purchases in 2004, and vacation home purchases an additional 13 percent. Condo Hotels first started appearing in places like Miami Beach and Ft. Lauderdale. They have increased tremendously in popularity and can now be found in places like Belize and Dubai.
As the owner of a condo hotel unit, you can keep your condo hotel as long as you’d like. Use it as a get-away-from-it-all vacation home if desired, all the while building equity for when you want to sell it. Marketed as a condominium located in a resort hotel, these private residences offer a practical way to own a vacation home, and offset some of the costs when you’re not there.
If you’re seriously considering buying a second home or vacation home consider a condo hotel. Condo-Hotels Statistics show that the market for homes with rental income potential is nearly twice the size of the market for vacation homes that are seldom rented. The typical condo hotel produces higher levels of income than the traditional vacation home (and less headaches), making it all the more appealing to buyers.
Here’s how it works. You purchase a condominium in price ranges from as low as $400,000 to well over $2 million that is located in a resort hotel. After purchasing it, you tell the hotel when you intend to stay in your condo and they reserve those dates for you. When you are not there, your condo goes into a rental program, managed by the hotel, and is rented out as a hotel room.
The beauty of this type of arrangement is that you get a beautiful condominium in a luxury resort, but don’t have to worry about maintenance and upkeep when you’re not there. Another plus is because the hotel is renting out your condo, your vacation home becomes an investment property. Because hotel employees handle marketing and promotion, you don’t have to, and you get the added benefit of having your condo marketed as part of a well-known and respected luxury hotel. Imagine the marketing power behind names such as Ritz-Carlton and Trump! Having your vacation condo promoted under a name like that gives you tremendous exposure.
The condo hotel buyer sees the benefit of owning a vacation property that also has the potential to produce income for them and build equity long term. This is one of the biggest appeals of condo-hotels because the rental income can offset some of the costs of owning a vacation property. With the advantages they offer over time shares, it’s easy to see why so many people looking for a vacation property investment they can also enjoy, when they want to, are now looking at condo-hotels.
These hotels are landscaped and furnished with so much imagination that just touring these hotels can be a vacation activity in itself. There are spas, restaurants, shopping and nightspots.
Another popular option is the fractional property. The original fractional format was started to formalize the sharing of a single family home within a destination resort area like Aspen or Telluride. Traditional fractions now involve condominiums and townhouses as well as single family homes. These fractional properties are usually sold in one-fourth interests, also termed Quarter-shares. Quarter-share owners receive one week of use each month for a total of 13 weeks per year. Variations of the Traditional Fractional include: Fifth-shares with a total of 10 weeks per year and an assignment of use every fifth week, and; Sixth-shares with 8 weeks of use per year and allocation of time every sixth week.
Within each traditional fractional format, the weeks are assigned through a rotational calendar to distribute the most desirable times of the seasons in a fair and equitable manner. The owner may either use or give away their weeks, or they can place their unused time in a rental program and split the revenue with the property manager after costs. Quality of the residence and furnishings is in the 3 to 4-star ranges. Service levels are at the 3-star level, if they are included in the program offering.
Either type of property is an excellent choice for a vacation home. So, when looking into buying a second home, check out these types of property as an option.
This article may be distributed freely on your website and in your ezines, as long as this entire article, copyright notice, links and the resource box are unchanged.
About the Author:
Mary Hanna has traveled the world by Air and Ship while writing eBooks, Software Reviews and Practical Articles on Internet Marketing, Cruising, Gardening and Travel. Visit her websites at: http://www.CruiseTravelDirectory.com and http://www.CruiseGold.com You can read more of her articles at http://www.ArticleBazaar.net
Article Source: ArticlesBase.com – Resort Condo Hotels As a Vacation Home
GH Season 2 Episode 10 (1/6)
|
|
Pink FLAMINGO small Garden FLAG yard Art BEACH WELCOME banner $9.99 Tropical Island Welcome Flamingo Garden Flag TiKi… |
|
|
Art Poster, The Spirit Bows Before Me – 18.75 x 27.5 $19.95 FREE SHIPPING on this item when you purchase 2 or more Art Posters from ClassicPix.com. This high quality, durable Art Poster measures 18.75″ x 27.50″ and arrives ready to frame. Posters are printed on heavy-stock, semi-matte paper producing the best possible combination of color vibrancy and durability. All posters from ClassicPix.com are made on demand one-at-a-time, just for you — not mass-pro… |
|
|
Autumn Tranquility Deer Shower Curtain $37.99 Decorate your bathroom with Autumn Tranquility Accessories and you’ll instantly feel the peace of nature. This panoramic shower curtain features a majestic 10-point buck standing alert in an open field. 100% polyester duck weave…. |
|
|
Cheyenne – The Complete First Season (Reality Show) $7.65 Studio: Sony Music Release Date: 12/05/2006… |
|
|
The Four Seasons $7.03 Three married couples are all best friends until divorce strikes one couple, putting a strain on the close-knit group…. |
|
|
Tim and Eric Awesome Show, Great Job!: Season 2 $10.49 Live-action sketch comedy from the creators of “Tom goes to the mayor.”… |
|
|
Murder, She Wrote – The Complete Fifth Season $20.69 Season 5 finds Murder, She Wrote’s intrepid Jessica Fletcher in fine sleuthing form, and venturing farther afield from Cabot Cove–a good thing, since at the rate the murders have been happening, that town would be nearly cleaned out. Some of the best episodes take place in more exotic locales like New York (dead man on the street, wearing just one shoe), Montana (a publishing convention gone hor… |
|
|
Little Black Sexy Stretch Knit Sweater Dress by KD dance, Off Shoulder, Dancer Chic, Sophisticated, Sensual & Fierce, Made To Last In New York Stretch Knit for body contouring form fitting comfort that show off your sexy curves in style with all day comfort. Worn alone or with leggings there are countless looks and uses for the KD dance Stretch Knit Ballet Neck Dress. A fantastic piece for chilling to dance classes or instant sexy cocktail dress sure to turn heads. Effortlessly comfortable, free flowing and fashionable, you are sure … |
|
|
Ballet Neck Yoga Dress by KD dance, Made in New York Worn alone or with leggings there are countless looks and uses for the KD dance Ballet Neck Dress. A fantastic piece for chilling to dance classes or instant sexy cocktail dress sure to turn heads. Effortlessly comfortable, free flowing and fashionable, you are sure to put this to good use. KD dance knits are crafted to stretch, flow and accent your curves and unique sense of living in the mome… |
|
|
Sexy Sweater Dress by KD dance, Smart, Savvy & Made To Dance in New York Worn alone or with leggings there are countless looks and uses for the KD dance Ballet Neck Dress. A fantastic piece for chilling to dance classes or instant sexy cocktail dress sure to turn heads. Effortlessly comfortable, free flowing and fashionable, you are sure to put this to good use. KD dance knits are crafted to stretch, flow and accent your curves and unique sense of living in the mom… |
Mail this post
Posted in 
Tags: 