If you've found yourself dreaming of owning a holiday home, you're not alone. The appeal of a familiar home and destination endures. However, the cost and maintenance associated with sole ownership can be off-putting. With 'time' being the most precious commodity, you may question whether you really want to spend money and energy on the upkeep of a holiday home all-year-round, when you may only be able to stay a handful of weeks each year.
Co-ownership clubs like The Hideaways Club offer Members fractional ownership of a portfolio of luxe villas, chalets and apartments around the world. With a dedicated central concierge service and on-the-ground team at each and every destination, co-ownership clubs present a plethora of advantages, making this model an increasingly popular choice for holiday home ownership.
One of the most obvious benefits of co-ownership is cost efficiency. Instead of tying up significant capital in one property, Members own an equity share in the full portfolio of Club homes, at a fraction of the cost of just one comparable property. This often means Members can co-own prime homes that may otherwise be unaffordable and unobtainable.
As aforementioned, the cost and maintenance associated with sole ownership can be intimidating. Through co-ownership, the burden is reduced. Members pay an annual contribution, and the management team take care of everything from renovation and repairs, to housekeeping and gardening.
In addition, The Hideaways Club's dedicated concierge service pioneers the co-ownership club market. With the draw of experience-led escapes greater than ever, more and more travellers seek to immerse themselves in the destination to enrich their stay. Arranged by the club's in-house concierge team and curated travel desk, Members have access to a 'little black book' of contacts and partners who can facilitate everything from hands-on cookery classes to exclusive tickets to some of the world's 'big draw' events.
Of course, there are challenges that may come to mind when exploring co-ownership. Usage conflicts that may arise between co-owners, especially during peak weeks of the year, is one of the most common obstacles. However, The Hideaways Club's bespoke booking system means the process if transparent and fair, and last-minute availability is shared regularly with all Members and secured on a first-come first-serve basis.
Equally, co-owners may disagree about where their money should be spent; to redecorate, or not? To upgrade the pool area, or not? However, the fixed annual contribution means the responsibilty is passed to the Club Management team, who regularly update Members on their plans and invite them to share their ideas.
Co-ownership can be a wonderful way to own your dream holiday home, and through The Hideaways Club model, you will have the keys to over 50 properties in some of the world's most desirable destinations.
One initial investment, one annual cost contribution, infinite memories to be made.
Every investment decision you make should be made with careful consideration; arrange a call with one of our team to find out how The Hideaways Club could make your dreams of owning a holiday home a reality.
