Buying a recreational property is a strategic long-term investment which combines investment with lifestyle. Unfortunately, it can be difficult getting the time to use a recreational property every week and an unused property is like booking a hotel room for the weekend, paying for it, and then not using it. With a shared ownership, you share the operating costs, reduce the management headaches and own the portion of the property you purchase.
Solely owned vacation properties can often go unused because the ability to go at anytime can make the dream vacation home an unscheduled plan with a low priority. Shared property owners often find their personal usage goes up as they plan for the next available week.
Shared ownership is attractive to many because it offers an easy way to own vacation property. With this type of ownership, you have a place to go to vacation, yet are freed from being solely responsible for the property and related expenses.