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What is Co-ownership
My Share Property Co-ownership allows you the opportunity to be a co-owner of a holiday home in Spain. Each person owns a share or number of shares of the freehold property. It is a no fuss way to own a luxurious holiday home, offering you the high standard you require, yet eliminating the cost and hassle associated with owning and maintaining a property all year round.
Let's be realistic - how many weeks would you really utilise if you were to buy a holiday home outright? Two, three, four weeks? Let's say you go mad and spend two-months at your holiday home. What happens with the other 10 months? And all that money tied up!
Yes, you could rent it out to holidaymakers but the reality is the preparation required for each rental. That’s cleaning, changing beds, key hand overs as well as repairing any damages that have been caused by your guests. There's also the other costs to consider - utilities, insurances, decoration, maintenance and upkeep etc.
The average family holiday these days cost between £3,500 - £5,000 and upwards. Once you have had your two weeks, that’s it, a few memories, photos and a bit of a purge on Facebook or Instagram.
So, what if we could show you the perfect scenario? What if you could spend a week every year, in a luxuriously appointed home from home, for the one-off price of an average holiday - for the rest of your life!! BUT ULTIMATELY YOU OWN A PART OF THE FREEHOLD
For as little as £3,500 you could buy one freehold share which equates to one week every year.
IT’S YOURS TO DO WITH AS YOU PLEASE
There’s no catch – you will own a part of that freehold.
The Upside
The upside to your investment is that you have a holiday home you part own with the other freeholders – it's yours!!
Research shows most holiday homeowners only use their property for a maximum of 40 nights per year, yet they pay for 365.
My Share Property Co-ownership enables owners to enjoy week/s per year but only pay a small percentage of what it costs to own outright!
Once you’ve bought your share it is yours forever (in perpetuity) so is a part of your estate, but can be sold at any time should you choose.
You can either choose to use your home for your own use or potentially receive a return on your investment in the form of holiday rental income.
When you invest in Co-ownership your luxury property will be fully furnished, fully serviced and fully managed on your behalf. All you have to do is turn up, unpack and enjoy your precious time off in your very own holiday home in the sun!!
co-ownership reasons to buy
For many, buying a second home is a dream that may never be fulfilled. Even for those who can afford it, some decide the hassle is not worth the expense. My Share Property co-ownership addresses all the downsides of buying and owning a second home outright.
Reduced purchase costs
This is the obvious benefit – co-ownership allows you to buy a second home you would not otherwise be able to afford, or a more expensive property that would otherwise be beyond your means.
Pay a sum that matches your use
Co-ownership is the perfect solution for those who can afford to buy a second home outright but can’t justify the cost for a property they will only use for a few months each year. Discerning buyers see sense in paying a sum that matches their actual use.
Buy what you need
Many owners lucky enough to have their own second home often feel they have to use it regularly to justify buying it in the first place! Sometimes they may just prefer to experience other destinations. Co-owning a second home offers the perfect compromise. We call it 'right sizing'.
Share the costs of ownership
Co-ownership significantly reduces the annual costs of owning a second property. Why bear all the expense of maintaining and insuring a home you only use for part of the year when you can share those costs?
Eliminate whole ownership issues
Co-owning your holiday home takes away the need or pressure to rent it out when you don't use it - and the extra wear and tear that comes with a holiday letting. Best of all, your home will be professionally managed so you can be sure it will be immaculate each time you use it.