Since 2013, Lifestyle Asset Group has established their name in vacation home co-ownership and currently features eight homes in Florida, Texas, Hawaii, South Carolina, Colorado and more.
By reinventing luxury vacation-home ownership, Lifestyle Asset Group has distanced themselves from fractional ownership and presented investors with a new opportunity.
What Lifestyle Asset Group Does Differently
Their flagship offering is an “all cash/no debt” purchase, which avoids having a bank as a lien holder and minimizes risks. This Collective Asset Ownership model means investors own the real estate outright.
Lifestyle Asset Group acts as intermediaries, providing the transaction, concierge services, rental marketing, and property management of the homes.
Tackling the Well-Known Problems of Fractional Ownership
Fundamental problems with fractional ownership have been traditionally hard to overcome. Breaking down these problems offers the chance to examine how Lifestyle Asset Group has approached each of these hurdles:
- Hard or No-Sale on Fractional Home Interests – This might be the biggest issue in fractional ownership: worrying that your investment will turn to dust. Lifestyle Asset Group guarantees a whole ownership sale in 6-10 years, so you’ll always get your investment and any appreciation back when the home is sold.
- Co-ownership Fears – People hear of shared ownership and tend to hesitate. How will others treat the house? Will they keep it clean and smoke-free? Will they contribute their share of maintenance costs? Issues like these have been something the industry has struggled with for years. Lifestyle’s rules and regulations are comprehensive, ensuring all investors are compelled to do their bit, meaning everyone gets a fair deal. That’s a great peace of mind policy, which works well for co-ownership.
- Rental Income – Although Lifestyle ensures you get your allocated time, it also provides a rental program, which means you can earn income to offset your yearly maintenance fees.
- Quality – Fractional ownership has negative connotations that suggest the houses are poorly managed or insufficiently furnished. Lifestyle’s offerings are premium with homes in the $2 million to $10 million range. They partner with homeowners who are selling specifically for co-ownership, which means they can afford to make the property luxurious, often fully remodeling the home for the purpose of shared ownership.
A Worthwhile Investment
For vacations, Lifestyle’s offerings are appealing. But, how do they rate as an investment? Smart investors know it’s essential to consider the reality of Lifestyle’s proposition.
Since Lifestyle began operating in 2013, their guaranteed sales are soon to reach the point of execution. However, their roster is full of experienced, successful individuals in the real estate industry. Their previous achievements in managing a luxury destination club indicate they have what it takes to come through.
With the ability to earn rental income for unused days, exchange vacation time on Third Home, get a guaranteed resale, and possibly see appreciation at the end, you have an excellent chance of risk-free and even rent-free vacations.
Final Verdict: Is it Right for you?
Lifestyle provides a solution for investors looking for a second home without all the hassle of upkeep. They take care of the legwork and provide you with a comfortable value proposition.
The staff is friendly, and they know how to treat investors properly – a serious consideration when you’re putting large sums into a property. It’s even possible to give your time to friends and family, spreading the enjoyment of your property.
Our analysis shows they’re a safe bet for a great vacation plan and a solid investment.
For more information contact Karla Jones here, call: (970) 233-6089 or email firstname.lastname@example.org
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