Partnership Interval Charleston South Carolina | Charleston SC Homes for sale

  Contact realtor about Charleston SC real estateContact a Charleston SC realtor today! oceanfront proeprties
 
Partnership Interval Opportunities - Isle of Palms, Edisto Island - Charleston South Carolina

HOME   DOWNTOWN CHARLESTON   MOUNT PLEASANT  SULLIVAN'S ISLAND   DANIEL ISLAND   JAMES ISLAND   WATERFRONT

Search for  Partnership Intervals available in the MLS that match your criteria.

Charleston County home and land prices have increased dramatically over the last decade.  Homes priced in the 1 million to 5 million range are becoming the norm.  Yet, many owners spend as few as 30-60 days per year in these homes.

Shared ownership or full ownership with no maintenance has become a widely accepted form of home ownership in the United States and Europe.  As few as four weeks, one week each season of the year (summer, fall, winter and spring). You may own more than 1/13 share, but typically that is how the partnership interval is divided.

A innovation in the vacation ownership industry is typically referred to as a fractional interest, in which an owner or member buys 1/10th (5 weeks) or 1/13th (4 weeks) in a condominium unit or home. These interests give an upscale owner a fee simple deed to a number of weeks, typically 4 or 5 "floating" weeks, in home or condominium each year.

An added benefit is a fee simple title to the property.

Understanding Interval Ownership

Many families now own second homes at their favorite Charleston, SC resort. However, some decide that full ownership of a second home is not practical due to availability of disposable income, problems associated with caring for a second home from long-distance or simply from the short periods that families actually use the second home. For these families "Interval Ownership" offers the ideal alternative. Interval Ownership is a simple, practical concept, which offers the opportunity to own a fully furnished home in Charleston, SC at a fraction of the cost of purchasing an entire second home.

Through an annual regime fee owners share the maintenance cost to ensure the quality of the property stays the same. This fee usually consists of a comprehensive home maintenance package covering the following: home and grounds care, taxes, insurance, utilities and maid service for shared properties. Complete maintenance by the Home Owners Association allows for 100 percent use of leisure time without the usual hassles and worries associated with home ownership.  This is a small annual expense when you consider that on your vacation you will enjoy the luxuries of home such as a VCR, nice furnishings, and spacious accommodations as well as the beautiful Charleston, South Carolina beaches.

Some of the great advantages of interval ownership are:

  • You are afforded the ability to purchase your Charleston, S.C. vacation home for just the time you use it each year.
  • You become the exclusive owner of the intervals you choose.
  • You own your unit outright and receive an Indentured Deed, which is recorded in the county where the property exists.
  • You may rent (if allowed), sell, exchange, bequeath, or give away your weeks just like any other real estate.
  • You become a member of your home's private Home Owner's Association (HOA) where you and the 12 other owners, as an HOA, have total control over your property.

We can research the Charleston real estate market and help you find the perfect Charleston Address!

Downtown Charleston real estate


 
 
 

 West Ashley, Johns Island, James Island, Kiawah Island, Seabrook Island, Sullivan's Island, Isle of Palms (Wild Dunes), Edisto Island, Folly Beach, Mount Pleasant, Wadmalaw Island and Daniel Island

return to Charleston Real Estate home page

Questions about Real Estate in Historic downtown Charleston, SC - Partnership Interval opportunities?


Any questions? If you have any questions about Charleston Real Estate Market trends, we have a comprehensive report, produced periodically, that we can send you.  Please contact Charleston real estate agent, Ariel Trouche, with any other questions about Charleston real estate.

 

Copyright 2015 Carolina One - Realtor

 

Carolina One Real Estate
1265 Folly Road
Charleston, SC 29412
843-568-0595
email

Affiliates of