Pawleys Island Interval VactionsPosted on 09/09/2013
Each year the Low Country sees countless visitors and many
return year after year. One way these returning visitors can own a slice of
paradise is with Interval Ownership. Many people get this confused with
timeshares but they are different. With a timeshare, you have the right to use
a property while interval’s you own the property. Intervals are becoming
popular because many people cannot afford to own a vacation home unless it is an interval.
Intervals are divided equally among owners. Typically there are anywhere from 4 to 8 owners. These owners have the ability to rent out their weeks if wanted. Most people have two, one-week vacations but can have more depending on how many they purchased. Intervals end up paying for themselves because you no longer pay for a hotel room. Part of being the owner involves you paying property taxes, condo fee’s, and maintenance. But you may be able to get a tax benefit by claiming it as an alternative property.
As the owner you have the freedom to sell your share whenever you want.
Call us today to find out more about buying an interval.