What is Fractional Ownership?
Fractional ownership is a perfect arrangement for those who want an impressive second home complete with personalized services and luxurious amenities but can’t justify the expense because it will be used just a few weeks or months a year.

Fractional ownership consists of owning an undivided fractional fee-simple interest in a specific property. It is similar to any other real estate purchase except that only a fraction of the property is purchased rather than the whole property. Under this unique form of ownership, an owner has registered title to an interest in the property. And, like any real estate holding, fractional ownerships can be sold, willed, mortgaged, or even owned by a trust or corporation.

How does Fractional Ownership compare to Timeshares?
There are many differences between fractionals and timeshares. Perhaps the most important difference is that fractional owners receive a deed for the property rather than just an allotment of time. Timeshares usually allow just one to two weeks of vacation time, while fractionals offer longer vacation times. (The Lodge at Gooseberry Falls offers 3 consecutive weeks each season.) Most often, fractionals offer more luxury amenities and services and they tend to be larger homes. Banks and mortgage companies treat fractional purchases the same as any other second home purchase.

Why is it considered “Hassle-Free Ownership?”
Fractional ownership is the fastest growing category in vacation home ownership. And no wonder: With fractional ownership, owners enjoy richly furnished and appointed vacation homes without having to worry about its maintenance and upkeep while they’re away. Owners just arrive at their home and enjoy their time spent there rather than shoveling snow, fixing the roof, or heavy housekeeping.

What are the Income Opportunities?
Owners may rent out their home during the weeks they will not be using it. This provides a wonderful investment opportunity. There is high demand for overnight lodging on the North Shore, and renting out time in a beautiful and luxurious home is just the opportunity travelers seek.

What about Selling Fractional Ownership For Investment Purposes?
Research has shown that fractional ownerships generally appreciate over time, unlike timeshares which tend to lose value. Like any other form of ownership, fee simple title allows owners to sell their interest at any time.