HawaiiFractionals.com Debuts Mid-Range Hawaii Fractional Vacation Homes

November 07, 2007 (PRLEAP.COM) Travel News
Honolulu, Hawaii, November 6, 2007 –
http://www.hawaiifractionals.com/ announces the opening of their first Hawaii fractional vacation home, the Kaiola Sunrise, a high-rise contemporary condo just steps from Oahu’s Wakiki Beach, jogging distance of Ala Moana Beach Park and close to top shopping and dining.

“With fractional ownership you pay for a deeded interest in a property, in this instance one-sixth ownership of a vacation home in Hawaii,” said Athens Arquette, vice president of Arquette Properties whose firm handles the sales and property management for HawaiiFractionals.com. “For those who want to own a vacation home, but are too busy to use it year-round, fractional ownership is the ideal solution. Fractional owners only have to pay their portion of taxes and maintenance expenses and don’t have the responsibilities attached to full ownership.”

Hawaii’s fractional real estate market has been growing in popularity although the concept didn’t start in the islands. Fractional home ownership has been common in European countries for years. There, as in Hawaii, it has a special appeal for families who look for a way to vacation together or a place that they can own together.

Gabe Amey, branch manager for HomeLoan Financial in Honolulu, who provides financing for fractional properties had this to say, “In resort areas such as Hawaii, fractional ownership is a practical alternative to renting or purchasing into a timeshare development. With fractional ownership of properties such as the Kaiola Sunrise, it is very realistic to have mortgage payments in the range of $300-$400 a month, which is less than many car notes. When you’re not using the property, you can trade with fractional owners in other locations or generate rental income of around $2,500 a month.”

Arquette believes that properties such as the Kaiola Sunrise opens up fractional vacation home ownership to a larger market. “Once fractionals were only available on multi-million dollar luxury properties. Now, mid-range upscale properties such as the Kaiola Sunrise put ownership of fractional vacation homes within the reach of young couples, mobile entrepreneurs, educators and retirees.”

Property management firms make fractional ownership even more attractive. “We can handle maintenance for remote owners as well as find renters for their property when they won’t be using it,” said Arquette. “That really just leaves the fun for the owners, making fractional ownership a worry-free experience,” he added.

Hawaii Fractionals introduces fractional ownership opportunities to a broader market of buyers. Their Kaiolu Sunrise property features 734 square feet of upscale urban chic in a one-bedroom condo with a lanai. Upgrades throughout include designer bath and granite countertops in the kitchen. It provides the ultimate island lifestyle in an enviable location close to the beach, shopping and entertainment.