Procuring a Personal Retreat: 6 Key Benefits of Property Co-ownership

If you’re considering a second home purchase this year or you’ve always longed for a vacation home near your favorite powdery beach, mountain slopes, or city skyline, your vision may be within reach. You don’t necessarily need to take on the full weight of a second mortgage to have a luxury escape that’s your home away from home.

Fractional or co-ownership offers several key benefits, and Pacaso ’s online marketplace makes purchasing a one-eighth to one-half share of your ideal secondary residence a breeze. We recently tapped Marnie Blanco, SVP of Industry Relations at Pacaso, who shared some of the many perks of pursuing this path.

With Pacaso’s co-ownership model, the typical headaches associated with second-home ownership can be avoided. Enjoy seamless scheduling for your time in your property, as well as white-glove property management and maintenance. No worrying about the pipes bursting or a break-in in your absence. Instead, you get maximum enjoyment with little or no involvement in the day-to-day operations of the home.

Pacaso handles the initial interior design, updates the home’s decor, and manages the utilities so you never have to think about any of it. You can simply arrive and enjoy the comforts and pleasures of home, without any of the responsibilities typically associated with home ownership.

Co-ownership enables buyers to enjoy an equity stake in curated, upscale properties in over 40 of the world’s most sought-after locations, without the higher acquisition costs and commitments of sole ownership. Pacaso also facilitates the purchase of international homes, handling everything from taxes to legal matters to streamline the process for buyers. The result is that buyers can enjoy a class of property and a lifestyle they might not otherwise pursue through traditional ownership due to the expenses and red tape involved.

Co-ownership allows families and individuals to diversify their real estate portfolio and enjoy real estate in multiple markets around the globe. And buyers can feel confident in the relative stability of real estate investment over a fluctuating stock market, for example. Instead of tying up investment dollars in one property, co-ownership lets buyers enjoy properties in multiple desirable locations, with growth potential.

You may not have to choose between a ski resort getaway in Park City, a pied–à-terre in Paris, or a mid-century oasis in Palm Springs, after all. Owners can take part in the exclusive Pacaso Swap program, which allows them to exchange time in their home for a stay in another property within the Pacaso portfolio. It’s an easy way to experience and get a taste for new locations around the globe.

Many Pacaso buyers split their time between multiple homes, Blanco shared, and co-ownership lets them do that without paying full price for a home that sits empty much of the year. Instead of carrying the full cost of a second property, owners invest in the time they actually use—without giving up the feeling of exclusivity that comes with owning a vacation property.

Pacaso owners can enjoy homes like the one below, in Palm Springs, which features top-tier amenities like a private tennis court and a resort-style pool, on a sprawling one-acre property with stunning mountain views.

Co-ownership means you’ll also share the overhead costs of your home, including homeowners’ association fees, maintenance, insurance, interior design, property taxes, and more. With co-ownership, you can keep the saved costs liquid or invest it in other ways.

Pacaso co-owners enjoy beautifully furnished, professionally designed homes with no setup or guesswork required. It’s turnkey luxury, shared with a community of like-minded co-owners who value high-end design, convenience, and an elevated lifestyle.

When it’s time to sell, you can divest your share by placing it into Pacaso’s resale inventory, and realize any appreciation at market value, just like with traditional real estate. Co-ownership is a practical solution for buyers who want all the benefits of luxury second home investment, with a lot more flexibility and convenience.

Explore available listings and learn more at pacaso.com.

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