Many people dream of immersing themselves in St. George, Utah's captivating beauty. While the prospect of owning a vacation home in this southwestern haven may seem reserved for a privileged few, co-ownership can turn that dream into a financial reality. In this blog post, we'll explore a detailed cost analysis, comparing the expenses of renting Airbnb homes or hotels in St. George versus the substantial savings associated with co-owning a vacation home through Fraxioned.
Before diving into the financial aspects, let's celebrate why St. George, Utah, is an irresistible destination. Surrounded by red-rock landscapes and Zion National Park as its backyard, St. George offers a haven for outdoor enthusiasts. Hiking, biking, and exploring the area's natural wonders make it a perennial favorite for vacationers. Many families are drawn here multiple times yearly for sporting events and tournaments. The city's cultural charm, family-friendly community, and year-round appeal further enhance its allure.
Many individuals prefer short-term rentals like Airbnb or traditional hotel stays when planning a vacation. While these options can offer convenience and flexibility, the costs of making a booking can quickly add up, especially in a popular destination like St. George.
Consider the expenses of renting a vacation home for a week or more. Daily rates, cleaning fees, and service charges accumulate, often surpassing the initial budget. Additionally, the lack of long-term commitment means you must continually budget for accommodation expenses each time you visit, making it challenging to predict and control costs over the years.
Co-owning a vacation home provides an alternative to renting that allows you to enjoy the perks of a second home in St. George. Fractional ownership of a vacation home may offer substantial financial advantages. Here are just a few of the benefits of owning a fractional property:
- Fraxioned Homes are designed with families in mind. Each house has all of the amenities and inventory that a family could want while on vacation. Our professional design team furnishes each property, so that each home is a turn-key experience for buyers.
- Fraxioned offers different homes split into different fractions. The share fraction determines how many days each owner can use their property during the year.
-1/8th homes: 44+ nights per year
-1/10th homes: 37+ nights per year
-1/13th homes: 28+ nights per year
- When choosing properties to onboard, Fraxioned has high standards. Our homes are all located in prime locations, with promising real estate growth. Our properties are conveniently located close to popular tourist attractions, and local amenities.
- At Fraxioned Collective properties, we rent out days that owners aren’t using.
- Rather than being a renter, you can own a share of a property that can be rented out for you when you’re not there.
At Lake Escape, we've thoughtfully designed every aspect of your stay to ensure maximum comfort and convenience. Here's what awaits you in your slice of Lake Powell paradise:
At Lake Escape, we've created more than just a luxury vacation home – we've crafted a base camp for your Arizona adventures. Whether you're lounging indoors, admiring the view, or preparing for a day on the lake, you'll find that every aspect of Lake Escape is designed to enhance your experience of this breathtaking region.
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I honestly thought this place was too good to be true. Until we showed up! Everything was just like the photos, and there was so much to do INSIDE the house, that no one was ever board. We came in for our wedding and had out entire wedding party stay with us. Day of the wedding, i stayed on the 2nd floor playing games the whole time while the bride got ready on the 1st floor (since we couldn't see each other until the ceremony). Everything was neatly laid out and the instruction on how to work the pool/check-in were very clear. This was the best Airbnb i've ever been too, and my friends/family loved everything about it!
What a dream! Ownership with Fraxioned is sensical and hassle-free. We just bring our clothes and get a clean, beautiful home fully ready to dive into our vacation; every time. The rental income has also been very nice to cover the expenses and has been an easy investment to track.
My husband and i had been looking for a good "starter" investment. We wanted to start and airbnb but it was just going to be such a big expense. Fraxioned was the perfect solution, because we were able to purchase 1/8 of a home, instead of the whole thing! Dan Henry sold us a share of a beautiful home in Bear Lake, and he was so nice and easy to work with! He was always available to answer questions and send over information. Definitely would recommend Fraxioned to anyone who is wanting to get into real estate investing, without having to spend your life saving to do it!
What an experience!! The ease of driving up and everything was ready for us. Not just a rental experience but the wonderful feeling of owning the property we vacation in. The team at FRAXIONED is so helpful and always available to handle any needs we have, big or small. we own three shares in two different properties and it is one of the best decisions we have made for our family.