What are "Fractional Properties" in Telluride?
Fractional Properties are kind of like timeshare - but WAIT A MINUTE!
They are much better and less obnoxious than typical timeshares in that:
Some features of fractional properties are:
- You actually get FEE
SIMPLE TITLE to a portion of the property you buy - in
contrast to typical timeshares where you only get ownership of
the TIME you buy.
When you are ready to move on in
a few years down the road you actually
HAVE SOMETHING to sell. You own a piece of the real estate and
can sell it
just like any other real estate.
- Most shares that are
sold around here are LARGER PIECES of the real estate and
longer times that you can use the property. Typically owners are
buying from 2
weeks to 5 weeks of usage along with their 1/20th to 1/10th ownership
- It is a convenient and inexpensive way of getting
into our real estate market and for
being able to use a Nicer and Newer condo for a "fraction" of
the cost of buying
your own condo.
- They are not for everybody,
but they certainly work well for many people. Over the
past 7 years more than 1100 owners have joined the ranks of Fractional
Ownership in the Telluride area.
- There are a variety
of types of complexes, from high service Club Memberships with
many amenities (like a hotel) - to low service (and lower HOA
that are comprised of townhomes with a more homey feel. There
are even a few
log homes in Mountain Village that have been fractionalized, and
the owners are
- Most fractional complexes
have NOT seen any appreciation over the past 5 years
because they were such a good idea in the late 90's that developers
built too many
fractional complexes without realizing that they were building
a huge OVER-
supply. Favorably now, much of the inventory has been bought up
over the years,
the supply is coming down within reason and fractionals will soon
appreciation in the near future and are now a great value to buy
- Even if they have not
appreciated in value in the past few years, many owners are still
generally happy with the arrangement anyway.
- Many fractional owners have found it an inexpensive
way to "test out" Telluride to
see if it's the place for them. A large per cent of fractional
eventually bought whole ownership condos or larger family homes
in the area
after having enjoyed their fractional ownership condo for a few