Unlock the world with one key
How joining a co-ownership club may afford you your dream holiday home, for all seasons
If you’ve found yourself dreaming of owning a holiday home, you’re not alone. The appeal of a familiar home and destination endures. However, the cost and maintenance associated with sole ownership can be off-putting. With time being the most precious commodity, you may question whether you really want to spend money and energy on the upkeep of a holiday home all-year-round, when you may only be able to stay a handful of weeks each year.
Co-ownership clubs like The Hideaways Club offers members fractional ownership of a portfolio of luxe villas, chalets and apartments around the world. With a dedicated central concierge service and on-the-ground team at each and every destination, co-ownership clubs present a plethora of advantages, making it an increasingly popular choice for holiday home ownership.
One of the most obvious benefits of co-ownership is cost efficiency. Instead of tying up significant capital in one property, members own an equity share in the full portfolio of Club homes, at a fraction of the cost of just one comparable property. This often means members can co-own prime homes that would otherwise be unaffordable and unobtainable to them, and can pass their share down through generations, gifting time for their family, for always.
As aforementioned, the cost and maintenance associated with sole ownership can be intimidating. Through co-ownership, the burden is reduced. Members pay an annual contribution, and the management team take care of everything from renovation and repairs, to housekeeping and gardening.
In addition, The Hideaways Club’s dedicated concierge service pioneers the co-ownership club market. With the draw of experience-led escapes greater than ever, more and more travellers seek to immerse themselves in the destination to enrich their stay. Arranged by the club’s in-house concierge team and curated travel desk, plus an exclusive collaboration with lifestyle concierge company, Calder & Co., members have access to a ‘little black book’ of contacts and partners who can facilitate everything from hands-on cookery classes to exclusive tickets to some of the world’s ‘big draw’ events.
Club members, Simon and Susanna Smith, say: “The wonderful thing about The Hideaways Club is home-from-home experience; with everything in one place and access to everything you could possibly need. The concierge service means you have everything on hand; from handling any questions or problems, to arranging something extra special.”
Of course, there are challenges that may come to mind when exploring co- ownership. Usage conflicts that may arise between co-owners, especially during peak weeks of the year, is one of the most common obstacles. However, The Hideaways Club’s bespoke booking system means the process if transparent and fair, and last-minute availability is shared regularly with all members and secured on a first-come first-serve basis.
Equally, co-owners may disagree about where their money should be spent, from interior design updates to exterior renovation. However, the fixed annual contribution means the responsibly is passed to the Club Management team, who regularly update members on their plans and invite them to share their ideas.
Co-ownership can be a wonderful way to own your dream holiday home, and through The Hideaways Club model, you will have the keys to over 40 properties in some of the world’s most desirable destinations. In addition, members access a network of over 20,000 partner homes in locations such as Hawaii, the Caribbean, Mexico and the Maldives, all of which can be booked under their normal usage entitlement. One initial investment, one annual cost contribution, and infinite memories to be made.
Daniel Healey, General Manager at the Club, says: “The Hideaways Club has evolved over the years to reflect the travel wants and needs of our members. Blending well-positioned properties, a second-to-none personal service and local expertise, and a plethora of reciprocal partnerships that add more value to a monetary investment, the Club unlocks a privileged lifestyle.”
Every investment decision you make should be made with careful consideration; arrange a call with one of the team to find out how The Hideaways Club could make your dreams of owning a holiday a home a reality.
Further information – thehideawaysclub.com