Advantages of Resale
Firstly your holiday accommodation is paid once and for all at todays prices, thereby ensuring that a major part of your holiday costs are cushioned against rising costs in future years. Compare, for example, the cost of a weeks stay each year in a top class hotel, add the minimum amount of RPI and you will see that in only a few years, it will far exceed the cost of a weeks ownership. Remember, you will also be the owner of an asset that you can let, sell or bequeath. Because the purchase of your holiday home is shared between several people, you can enjoy a high level of design, furnishings and amenities, at a fraction of the cost of purchasing outright. |
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The same applies to maintenance costs, which being shared, are kept to a minimum. The property is looked after by a resident management team all year round, so you have none of the security or damage problems associated with single owner holiday homes. There is of course the very real pleasure of returning each year at the time of residence and meeting old friends and entertaining guests in familiar surroundings.
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