A shared ownership interest with Firstlight The K Club offers you a wealth of benefits.
The average use of second homes is just 4 weeks per year making the level of capital invested extremely disproportionate to usage – if you use a property for 4 weeks why own it for 52? shared ownership allows you to grow your portfolio of holiday homes across the world in line with your intended usage requirements for a fraction of the cost of whole ownership.
Owners have use of the same luxury property with luxury service levels not normally experienced in second homes.
All costs are taken care of through the payment of annual dues including all services maintenance and periodic house renewals – when you are not using it you never have to worry about it or pay for it, which alleviates the need to sub rent your luxury property in order to generate income to cover the cost of your property being unoccupied.
A growing real estate ownership structure that will provide value preservation in time. As opposed to Vacation Clubs and other timeshare based products, a fully title based offering will benefit from a greater and more accessible resale market. Finally, the market for co-ownership is booming, thanks to more people being able to participate compared to traditional whole ownership products.