Do you like to ski? Have you been dreaming lately of slippery slopes, hot tubs, or even just hot chocolate?
If so, your dreams may have materialized, thanks to Fractional Ownership. This specialized real estate concept may be new to you, but it’s been around for quite a while. With roots in the 1960s, it began taking off within the jet industry in 1987.
The trend became more popular in the 1990s as an alternative to the property timeshare market and has been growing ever since. Fractional ownership of real estate is now a well-established option that’s available all around the globe.
Fractional ownership BC may be especially attractive if you like to play in the snow and wouldn’t mind owning a good-sized portion of your very own ski chalet.
Fractional Ownership of a Chalet
Fractional ownership of a ski chalet is like owning a slice of the pie – one made of prime ski property. With fractional ownership, you combine resources with like-minded others to purchase and enjoy your very own cozy get-away.
With this option, you are responsible for the initial and ongoing costs of ownership, but these expenses are shared with a limited number of people, usually between 6 and 12.
This type of purchase gives you buying power. Your portion is more affordable because it is based only on the fraction of time you plan to spend in it.
You and your co-owners receive a deeded interest in the chalet, reaping any benefits of appreciation when and if you sell your share. This is in contrast with a timeshare, where the number of owners is much greater, and you are getting only usage rights for your money rather than owning the property outright.
Fractional ownership applies to more than real estate. Planes, yachts, sports cars, and even high-end motorhomes are just some of the commodities that may be fractionally owned today.
Fractional Ownership BC
British Columbia (or BC, as it is commonly called) has become one of the “hottest” vacation destinations despite its location in the northern latitudes. As Canada’s most western province, it boasts a multitude of attractions, including ocean, rainforest, mountains, quaint villages, and big cities.
Vancouver and Victoria, its major cities, are as different from each other as possible, yet both offer amazing advantages to vacationers and residents alike. Real estate there is in high demand and costly. BC fractional ownership of a nearby ski chalet can make living in ski country in proximity to two exciting cities a unique and very real possibility for many.
Vancouver’s highlights include Stanley Park, Gastown, Chinatown, and the Vancouver Aquarium.
Victoria, perched on the edge of Vancouver Island, enjoys the mildest climate in all of Canada and offers visitors a host of activities including whale watching, Butchart Gardens, the Royal British Columbia Museum, a butterfly garden, and even castles.
Both Vancouver and Victoria are conveniently situated close to ski country. You can drive from Vancouver to the ski resort at Whistler, for example, in less than two hours. Even if you aren’t a skier, there are plenty of things to do for those who enjoy biking, golfing, or simply enjoying the beautiful mountain scenery.
Fractional Ownership Whistler
No two snowflakes are alike, and the same can be said for the smaller towns in British Columbia. One of the most incredible of these is a place called Whistler. It’s so amazing, in fact, that it’s made it onto the list of 100 Best Travel Ideas in the West, according to the September 2017 issue of Via, AAA’s travel magazine.
The reason for Whistler’s high esteem is that it lies at the center of Canada’s biggest ski and winter sports area. Its ski resort hosted downhill skiing for the Winter Olympics in 2010. Not only that, but its upscale village center is a top destination for those seeking cute shops and top-notch restaurants.
The glass-bottomed Peak 2 Peak Gondola is a main attraction, spanning the breathtaking view of Whistler Mountain and Blackcomb Mountain.
When deciding whether to invest in fractional ownership of ski property, it is important to take several factors into consideration. How long do you plan to vacation? How much do you love the area? Does your family feel the same way about it that you do? Are you looking for a short-term vacation plan or something more long-term?
If you’re set on finding a well-equipped ski chalet in a beautiful location for the long-term but can’t afford to own the whole enchilada yourself, perhaps you’ll need to just bite off a chunk. Fractional ownership might be the best way to start!
Finding Your Fractional Ownership Dream Chalet
Your search for an affordable yet luxury ski chalet can begin with several online websites. From there, it’s easy to make contacts with real estate professionals who will do most of the legwork for you.
Start searching for a fractional ownership Whistler ski chalet, and you’ll be waking up in Whistler (or another lovely BC community) before you know it. Once you take the plunge (or “schuss” as they say on the slopes), that blinding white light you’re seeing isn’t just the glint of sunshine on the mountaintop … it’s your dream come true.