Own a Luxury Home even if you’re not a billionaire; Here’s How!

Yes, we know what you are thinking but hey, it’s a fact. You don’t have to be super-rich to own a luxury house. Fractional ownership can help even those with moderate budgets own plum properties. No wonder it is the latest buzzword doing rounds in the real estate circles.

Under fractional ownership, numerous investors can jointly own a single asset with each of them owning a part of the property. This gives investors even with a small budget a wonderful opportunity to own high-end, luxury properties.

It might come as a surprise or should we say shock, to many but fractional owners are not expected to undertake maintenance or upkeep the property. The arrangement is very popular and much sought after in western countries and is particularly lapped up by the western vacation home markets particularly by resorts that price their fractional offerings after weighing in factors like property, location, and amenities. 

Startups are enamored by the concept and are trying to sell it to the greater population. Fractional ownership has gained huge popularity in Europe and the US with commercial properties, high-price destinations, or vacation homes constituting the most popular categories. 

In our country, fractional ownership is dominated by commercial real estate. However, luxury homes and resorts have started pressing their case. The concept has all the ingredients to make it big as it allows people even with middle-income earnings buy coveted property in posh localities.

Whether a luxury house or a simple flat, you can trust SMC Real Estate Advisors to help you seal the deal with ease and at the most affordable rates, and that too from the top developers of the country.