Why are fractional property prices higher than developer’s rates?
The pricing structure of fractional properties offered by Blockx reflects several factors that contribute to the value and convenience of fractional ownership. When you purchase a fraction through Blockx, you’re not just buying a share of the property; you’re also gaining access to a hassle-free ownership experience with added benefits and services.
Here’s why the price may be higher than the developer’s asking price:
- Legal and Administrative Costs: Blockx handles all legal and administrative aspects of fractional ownership, including drafting contracts, managing reservations, and ensuring compliance with local regulations. These costs are incorporated into the price to ensure a smooth and secure transaction process.
- Complete Furnishing and Equipping: Blockx takes care of the complete furnishing and equipping of each property, ensuring that owners can enjoy a fully furnished and equipped living space from day one. This upfront investment in furnishing and equipping is included in the price of fractional properties.
- Exclusive Usage Rights: Fractional owners enjoy exclusive usage rights to their property for a specified period each year. This guarantees them access to the property for personal use or rental income generation, adding to the overall value of their investment.
- Value-added Services: Blockx provides a range of value-added services to fractional owners, including property management, maintenance, rental assistance, and concierge services. These services enhance the overall ownership experience but come at an additional cost, which is partly factored into the buying price of fractional properties.
Overall, while the initial price of fractional properties may be higher than the developer’s asking price, the added benefits, services, and conveniences provided by Blockx make it a valuable investment opportunity for those seeking hassle-free ownership in The Gambia.