What is Fractional Ownership?
What are its Benefits?
Fractional ownership is becoming an increasingly popular method of purchasing vacation homes, but what is it exactly?
In essence, fractional ownership is the crossroads between luxury vacationing, practicality and peace of mind. The idea is simple. If you only vacation a few weeks of the year, why pay for a luxury vacation home year-round? Initially, this description may sound similar to a timeshare, but fractional ownership has some major benefits that timeshares just can’t stack up to.
Sense of Ownership
The most important advantage of fractional ownership is that you actually own physical property, compared to a timeshare where the only thing you “own” is the right to spend time at the property. Therefore, fractional ownership is still considered an investment, which can be later re-sold or passed down like traditional real estate purchases. Additionally, psychologically we’re predisposed to taking greater care of property when it’s our own, regardless of its cost. A single timeshare can have up to 50 owners, which makes it seem more like a hotel room visited by countless, anonymous guests, rather than your own vacation home. With fractional ownership however, owners typically split the cost of their vacation home with a small number of owners (only five others at Obsidian Residence Club), which makes it much more of a familiar and personal arrangement. This inherently carries with it a higher level of trust and incentive to treat the property as well as you’d treat your own home.
Unlike timeshares that typically allow guests a stay of around 1 week per year, fractional ownership properties afford their owners much more vacation time throughout the year. At Obsidian for example, owners are entitled to 6 weeks of guaranteed vacation time, plus unlimited short notice stays. This leads to an increase in familiarity with the property, surrounding area, as well as decreased wear and tear on the home and its furnishings. However, the best benefit of the flexibility that fractional ownership affords is the ability of its owners to rent out any of their remaining time. The ability to recoup ownership costs takes much of the stress of yearly vacation planning out of the picture.
What Makes Obsidian Unique?
The best part of having your own vacation home is the sense of familiarity that comes with having all your belongings waiting for you upon arrival. At Obsidian Residence Club, you can store your personal items and gear on-site for convenience, which cuts down the amount of luggage you’ll need to bring with you on vacation. Obsidian also offers additional services like housekeeping, pre-arrival shopping or we can even have our chef prepare a gourmet meal for you in your own home. These are just a few of the ways Obsidian makes your vacation home feel like…well, a vacation! For the full list of our 5-star services, click here.
Opportunities for New Adventures
Owning at Obsidian Residence Club carries with it the privilege of participating in Elite Alliance, an exchange program for owners at a select group of prestigious residence clubs and luxurious, professionally managed vacation homes. The simple exchange process transforms your real estate ownership into a key that unlocks the door to seamless travel adventures for additional ski trips and golf getaways parallel to Obsidian, beach escapes and much more at a growing array of coveted destinations worldwide.
Premium Partnerships and VIP Access
A vacation is only as good as the experiences and memories we bring back with us. At Obsidian, we offer our owners a myriad of complimentary and discounted memberships, passes and services with premium local partners. Ski aficionados will love the Mammoth Mountain Black Pass, which carries with it a whole host of benefits like first in line lift access, VIP passes to special events, early ups before the mountain opens, private gourmet on-mountain dining and more! For those that prefer to vacation in the summer, we offer 2 Sierra Star Golf Memberships, as well as half price guest green fees! These experiences are just the beginning of what Obsidian has to offer.
Learn More About Fractional Ownership
To learn more about all of our premium partnerships and other facets of our exclusive community, please don’t hesitate to contact our on-site team.