Why PACASO is the smarter vacation home alternative to a timeshare
Even during a difficult macro environment, people still look for ways enrich their lives - including owning a second home. Historcial data shows that real estate remins resilient. If you've dreamed of having a second home thought you couldn't afford or manage one, Pacaso could be the perfect solution.
Pacaso offers fully managed co-ownership of luxurious vacation homes. You can purchase the amount of ownership that fits your life, starting at 1/8. Pacaso manages the property, handling the maintenance, upkeep, bill payments and more. Owners share the home's operating expenses (such as utilities and repairds), and Pacaso charges a monthly fee for its services.
Because Pacaso's model is co-ownerhsip, one of the most common questions buyers ask is, "How is this different from a timeshare?" The Pacaso model might seem similar to a timeshare. After all, the home is shared. But that's where the similarity ends.
First, each Pacaso is a luxurious one-of-kind-home - not a room in a hotel or resort. Pacaso homes are expertly designed and come furnished with beautiful decor, offering the comfort, conveneince and privacy of a real home.
Second, a small owner group owns each Pacaso. A timeshare, which sells weekly blocks use, may have 52 owners. Pacaso limites the number of share to eight (8), and rentals aren't permitted. Owners agree to a Code od Conduct to ensure they will treat the home as their own.
Third, Pacaso buyers have real estate ownerhsip. Becuase a timeshare is not true real estate - it's "right to use" time - buyers are likely to see the value depreciate quickly.
Fourth, owners can use their homes throughout the year. Pacaso's scheduling app is equitable and flexible, allowing owners to plan stays up to 24 months ahead of time or book a short-notice stay just two days in advance. Timeshares typically limit bookings to specific weeks, and if they offer an exchange system, owners can expect to pay extra for more desirable dates or locations.
Finally, resale is streamlined. Pacaso owners set their price, and Pacaso will list and market your share much like a whole home sale. It's streamlined, fast and simple.
Pacaso owners enjoy true vacation home ownership with fewer hassles. The company has homes in over 40 world-class destinations, and it's easy to our Pacaso homes virtually or in person. Let's chat over coffee to learn more.
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