FAQ: Who maintains my property at Villa La Estancia Residences?

When you become a full or fractional owner at Villa La Estancia Residences, you won’t need to worry about repairs and maintenance. Our property manager oversees the maintenance and care of your residence.

For fractional owners at Villa la Estancia Residences, your expense fees cover the cost of ongoing housekeeping, all maintenance, repairs, replacements and wear and tear as required. A professional housekeeper is supervised by the manager, assuring the property is always clean and maintained in a first class condition, as you would expect. Full owners may choose to hire a professional housekeeper through the Villa La Estancia manager or employ someone of your own choosing. Owners and their guests are responsible for any specific substantial damage repair, if incurred during your use of the property.

Landscaping of the gardens and pool maintenance is performed on a regular, scheduled basis by local professionals and is included in your maintenance calculations. Structural maintenance, including painting and repairs, is provided by the appropriate local trade contractors, as and when needed.

We believe that purchasing real estate at Villa La Estancia should be stress free and easy to manage, so that all you have to do is arrive and enjoy paradise.

FAQ: Do I have the same tax considerations with fractional ownership as with purchasing the entire property exclusively?

Fractional ownership is the same as ownership of any other real estate, wherein you enjoy potential appreciation, depreciation, interest and expense deductions. At your discretion, you may sell your share of the property, gift it, or leave it to someone in a will, just like any real estate property.

In terms of your tax considerations, your accountant or tax advisor would be better suited to provide specific details and advise what your individual tax circumstances may offer. As tax benefits and deductions differ from country to country and change from time to time, the surest advice is to check with an expert prior to your purchase.

With rental potential, some villas may qualify for 1031 exchanges, and additional tax benefits, that your professional tax advisor will need to determine for you.

FAQ: Can I rent out my unused time at Villa La Estancia?

Yes! Our luxury villas at Villa La Estancia do permit you to rent your property during those times when you do not wish to use it. Just like any real estate purchase in Mexico, you can lend or rent your property to friends, family or private renters if you so wish. This benefit functions for both full and fractional ownership during the times when you are not at your property. For fractional owners, remember, however, you will only be able to rent out your property during your scheduled times.

The same rules of courtesy apply for renters as for those times when you invite guests to stay with you at your second home in Mexico at Villa La Estancia. That is, your renters will be your responsibility during their time at your Villa La Estancia property, required to respect the CC&R’s, Bylaws and Rules & Regulations. You will also need to provide details of your renters for registration, advising Villa La Estancias of their arrival and departure dates.

Renting your Villa La Estancia residence is a great way to cover your maintenance fees when you are not able to use your property as well as make some income when you property might otherwise be left idle. Just like any real estate purchase, you can make your property work for you, suiting your needs.

FAQ: Can I have guests stay at my property at Villa La Estancia Residences?

When you purchase real estate at Villa La Estancia Residences, you can use your property as you would your second home. Family members, friends, work colleagues, business associates or anyone else you decide to invite into your Villa La Estancia residence can be accommodated as your guests.

You have a choice of whether your guests accompany you on your vacation to stay at your property or if you would like to lend them your Villa La Estancia residence when you are not there. The choice is yours. Guests, of course, will be your responsibility even if you do not accompany them and you should be sure to advise Villa La Estancia Residences of the names of your guests, so that we may offer them the very best services in your absence.

The beauty of buying real estate at Villa La Estancia Residences is that whether opting for fractional or full ownership, your villa is your second home away from home for you to use as you wish. You and your guests can enjoy the luxury of a 4 Diamond caliber resort with all the privileges that come with home ownership.

There are few better luxury real estate opportunities in Riviera Nayarita and Cabo San Lucas than Villa La Estancia Residences.

FAQ: How do Villa La Estancia’s fractional villas differ from residence clubs or condo hotels?

The confusion that often occurs when people compare Villa La Estancia’s fractional villas with residence clubs or condo hotels is because all of these types of vacation ownership offer luxurious accommodations and services within resort complexes. Just like the residence clubs or condo hotels, you will enjoy all the five star services available at Villa La Estancia, indulging in your second home like a resident guest.

How do Villa La Estancia’s fractional villas differ from residence clubs or condo hotels?

The main advantage and difference between Villa La Estancia’s fractional villas and residence clubs or condo hotels is that you own a specific fractional property forever, just like any regular real estate purchase. That is, residence clubs and condo hotels tend to offer individual rooms or suites, like staying in a hotel, and in most cases, you will not stay in the exact same suite each time you use your vacation membership but one that is similar. Effectively, with residence clubs and condo hotels, you buy a “floating floor plan,” even though you may have a title to a specific property. On the contrary, when you purchase one of Villa La Estancia’s fractional villas, you will return to exactly the same residence each time you arrive because you have bought a permanent fraction of time in a specific unit.

When you purchase a Villa La Estancia fractional villa, you will also be free from making reservations. As long as you wish to use your fractional property during your allocated times, you will not need to make a reservation. All you need to do is to inform the hotel of the day of your arrival so that your suite is in the perfect condition to receive you for a luxury vacation.

Another advantage of Villa La Estancia’s fractional villas is the opportunity for equity and appreciation. Just like any real estate purchase, your fractional vacation property can appreciate and your equity is valid in the case that you wish to sell or leave your villa to a family member in a will.

FAQ. Who is fractional ownership really for?

There is no standard “type” of person who would best benefit from fractional ownership; in fact, fractional properties can suit all kinds of people, from all walks of life, tastes, budgets and vacation preferences. However, there are some key benefits that might suit your particular circumstances more than others.

Fractional property investment is a type of vacation real estate ownership that is ideal if you want to enjoy the advantages of owning a really impressive second home, which is typically of more value than you would be able to afford if you were to buy it on your own. That is, you can buy something really luxurious that would be out of your price range if you were to buy full ownership. Many of us, when we buy second homes, can’t justify spending so much money on a property that we will only use a few weeks every year, and fractional ownership offers a solution to this dilemma.

Fractional real estate ownership means that you buy a fraction of a property’s worth for use during a set period. These dates may or may not change each year, depending on the scheme. For fractional real estate ownership at Villa La Estancia Residences, these periods are 1/8 (6 weeks) or 1/4 (13 weeks) which rotate each year so that you can enjoy different seasons each time you visit your property. Therefore, fractional ownership suits people who do not wish to live permanently in their second home, but who might visit for short or long periods each year.

Fractional properties are also best suited for those people who do not wish to have to worry about their property when they are not using it. Fractional real estate properties like Villa La Estancia Residences come complete with management services and maintenance, secure within an exclusive gated community. Everything is organized for you so that you simply arrive during your scheduled time to enjoy your property.

Most fractional owners are frequent visitors to the resort area, having fallen in love with the destination, but who are not ready to make the leap to move there permanently. These buyers are looking for something to call their own, to share with friends and family, wanting to buy a specific upscale vacation property, not vacation time, but without the responsibilities and costs associated with a wholly owned home.

The great thing about fractional ownership is that it offers a convenient compromise between full ownership real estate and timeshare, where you take a luxurious step on the ladder of second home ownership.

Villa La Estancia Residences fractional ownership

FAQ: As a fractional interest owner, will I have exclusive use of the property?

Yes, the property where you have purchased your fraction will be for your exclusive use during the allotted time stipulated on your purchase contract. You will not find anyone else staying in your residence during your time, unless you have decided to rent your property privately or have asked the administration team to coordinate the rental of your residence.

The housekeepers will ensure that your residence is completely clean and ready for your arrival and you can arrive at any time during your scheduled time. It is your home to come and go as you choose. Some owners arrive for extended weekends only and skip the weekdays, or stay the whole time; the choice is yours.

Your property will be ready whenever you decide to come during your allotted time and you will be able to leave your things at the property throughout your scheduled time; although you will be asked to removed all your belongings when your fraction is over for the year. Our concierge can help you organize storage options, should you require.

As a fractional owner of a residence at Villa La Estancia, you will also have unlimited access to the resort facilities and restaurants, including the pools, gym, spa wet areas and beach. You may also use the facilities and restaurants at Villa del Palmar Flamingos.

Fractional Vacation Ownership at Villa La Estancia Residences Riviera Nayarit

FAQ: How do I know my fractional vacation schedule for use?

One of the benefits of owning a fractional vacation property is that you can plan your vacations years in advance, knowing when and where you will be enjoying your vacations. You will know exactly when you can use your property according to a rotating schedule for users which is updated every year and shows at least the next 5 years of your potential usage. No one will be in your property during your allotted time (unless you offer you time up for private rentals), so you can turn up last minute if you wish.

The great benefit of fractional vacation ownership is that you own a particular amount of allotted time for life – you don’t need to make a reservation, you don’t need to book in advance and you don’t need to fight for your dates. Depending on the fraction that you have purchased, you will be able to use that time every year, for the rest of your life, leaving your fraction as part of your estate to be inherited.

Fractional Vacation Ownership at Villa La Estancia Residences Riviera Nayarit

In the case of Villa La Estancia, the fractional vacations you can purchase are 1/8 (6 weeks) or 1/4 (13 weeks), as well as full ownership. Although the fractional blocks rotate, you will be able to plan ahead using the fixed schedule. In all of these cases, you can turn up any time during your allotted time, just giving us warning that you are on your way to make sure everything is in place for you.

Fractional vacation ownership also offers you the chance to swap internally with other owners, if there are specific dates when you wish to be able to use your fraction, although these exchanges are not guaranteed and subject to availability and willingness of other owners.

Where did the concept of fractional ownership originate?

FAQ: Where did the concept of fractional ownership originate?

The concept behind fractional ownership is not new or revolutionary, although the term “fractional ownership” is a fairly recent turn of phrase, dating from around the early 1990s. For centuries, friends, family members and business partners have been joining together to buy second homes and vacation properties, dividing costs and responsibilities. It makes sense to share the cost both of purchasing the property as well as its maintenance, especially when you won’t be visiting it every weekend.

The term “fractional ownership” first became popular with the advent of fractional ownership of private jets. Fractional ownership of yachts closely followed and then luxury vacation homes. When dealing with high-end luxury products with low usage, it makes sense to divide the costs. Why have a jet sitting idle, charging parking fees, when it can be used. The same works for properties, your second home needs to be cleaned and maintained whether or not you visit, and it is a well known fact that empty properties deteriorate far quicker than those full of life and laughter.

The other advantage of fractional ownership is that you actually own your fraction of the property, which can be sold or left in a will. You can also purchase more fractions to increase your usage potential and even work towards becoming a full owner. At Villa La Estancia Residences, we take this idea one step further, and offer you the chance to exchange your fractions toward payment of a full property at any point should you wish to upgrade from fractional to full ownership.

Fractional Ownership-Villa La Estancia Residences main pool

What is Fractional Ownership?

FAQ: What is Fractional Ownership?

Quick Answer: Fractional ownership refers to the shared titled ownership of property, which could be a villa, apartment, house, yacht etc with “partner” owners. Generally speaking, fractions can be divided into weeks, months or seasons. At Villa La Estancia Residences, however, Villas and Penthouses are available for fractional ownership for 1/8 (6 weeks) or 1/4 (13 weeks) intervals per year, for life. You own your fraction outright just like traditional real estate.

Fractional Ownership at Villa La Estancia Residences

Fractional Ownership-Villa La Estancia Residences main pool

Fractional ownership at Villa La Estancia Residences in Riviera Nayarit and Cabo San Lucas offers you exclusive deeded ownership for your share (fraction) of a villa or penthouse located on the premises of the Villa La Estancia property. Real estate villas available for fractional ownership include luxury Two and Three Bedroom Villa Suites as well as Penthouses, including access to all the five star services of Villa La Estancia Hotel, which offers restaurants, pools, a world class spa and more.

Villas in this fractional ownership program are divided into fractions of 1/8 (6 weeks) or 1/4 (13 weeks) per year for the rest of your life and can be bequeathed or sold just like any real estate property. The fractions are fully titled, meaning that your ownership rights are the same as if you had bought any property, only that you are responsible for your share only. That means that your fractional investment can appreciate just like any bricks and mortar purchase.

For more Frequently Asked Questions about Fractional Ownership, see click here. (http://www.villalaestanciaresidences.com/faq/)