Private Residence Clubs are a great way to own a luxury vacation home for a fraction of the cost. This type of ownership is very popular where real estate prices tend to be very high. You can own a multimillion-dollar residence for a fraction of the cost. Many times the private Residence Club will have many more amenities than a typical vacation home might have.
Your annual expenses will typically be cheaper with Private Residence Club ownership
If you were to compare the costs to owning a home or condo for the same price, more often than not the expenses of the traditional vacation home will be far above the annual maintenance dues of the private residence club.
Hassle free ownership
I see it all the time on Kauai. Families come to Kauai with the dream of owning a vacation home. But reality sets in when they see what they get for anything less than a million. Not only that, but when you add in the real estate tax, property insurance, landscaping, pool maintenance, and any other type of maintenance the total can far exceed the cost of the private residence club. Then there is the issue of having to fix appliances, furniture, paint, any other issues that come with ownership.
At the time of this post, you can buy into a $4,000,000 residence for less than $390,000 or buy into a home that would sell for $6,000,000 – $8,000,000 for less than $850,000 at Timbers Kauai. These residences come complete with 5-star amenities and first class service.
If you plan to visit Kauai for three to eight weeks a year and stay at amenity-rich luxury properties, then Timbers Kauai is your only option.
Timbers Kauai sits at the edge of a cliff with the ocean running below on the southeastern side of the Garden Island. It is a complete resort with a golf club, beach club, 24/7 concierge, pools, spa, airport pickup dropoff, and fine dining. Not only that, but the location of Timbers Kauai makes it a great starting point for excursions around the island. Timbers Kauai is located in the middle of the island making it convenient if you want to south, west, or even up to the North Shore.
Use your residence as often as you like!
One of the highlights of ownership with Timbers Kauai is that if you are an owner here, you can come as often as you like on space available at no additional cost other than a nominal house cleaning fee. I know of one owner that bought at Timbers Kauai in or around August of 2018, and he has been here four times on space available. We are only in February of 2019. He still has two planned weeks and is going to rent one of his scheduled weeks to help with the cost of annual dues. The way Timbers Resorts has set up usage for owners here at Timbers Kauai is as flexible as it gets. It works! Timbers Resorts have taken their 20 years of experience and created a model that gives the utmost flexibility.
Ownership is deeded
Ownership within Timbers Kauai is deeded. This means that you own a deed to a specific residence. However, you aren’t locked into using the same residence every time. Timbers Resorts has found that the fixed week and fixed residence doesn’t work long term. Because as people age so does their vacations. This allows you complete flexibility to come when you want to come. Another benefit to deeded ownership is that if you pass while owning here at Timbers Kauai you can pass it on to your loved ones. You also have the option to sell whenever you like. There are no restrictions on selling. You own deeded real estate. The value of your fraction will go along with what the real estate market is doing.
If you want a turnkey luxury residence where the groceries are stocked when you arrive, and all the headaches of ownership have been taken care of, then Private Residence Club Ownership is for you. For a fraction of the cost of a multimillion-dollar home, you can have your slice of deeded paradise and know that when you show up for those vacations that the only thing you need to worry about is what lounge chairs do you want to spend your time.
If you would like more information on ownership within Timbers Kauai please call me at 808-482-4605. I’ll be happy to answer any questions or provide you with more details.
You can also leave a comment below and I will get back to as soon as possible.