Is Your Home a Kō Home? Why Others Choose To Fractionalise Their Luxury Holiday Home
May 3, 2023 • Co-Ownership 411
We are always on the lookout for exceptional homes in the Asia Pacific region. If you own a luxury holiday home in the Asia Pacific area that sits unutilised for a large portion of the year, you may be interested in the co-ownership model.
Fractional home ownership with Kō lets homeowners share the costs, benefits, and equity of a property. This co-ownership option is becoming popular among existing holiday homeowners who want to sell back part of their property, or potential buyers in search of a second home. Benefits include no loss of equity over your portion of the property, proportional ownership, shared costs, hassle-free management, and the ability to generate cash flow and variety. Co-owners can also invite friends and family to use the property, as all parties involved have a stake in the property, you can rest assured that the home will be treated with care and respect. Kō also partners with THIRDHOME, a worldwide network of luxury homeowners. If you are a Kō owner, you are eligible to swap the usage of your home with that of another luxury homeowner in a location of your choice.
Here’s what you need to know if you’re considering co-ownership:
1. Location is key
The location of your property is the most important factor in attracting co-owners. It should be situated in a popular holiday home destination that is desirable to potential renters. A great location will ensure that the property is in high demand and will provide a good return on investment.
2. Turnkey properties are preferred
Co-owners are looking for turnkey properties that require little or no renovation. If your home is in excellent condition and ready for occupancy, it will be much more attractive to potential co-owners. They are not interested in investing in a property that requires significant repairs or renovations.
3. A stylish home is essential
A stylish and tastefully decorated home will attract more renters and co-owners alike. High-quality furniture and appliances are also a plus. Make sure that your property is presented in the best possible way to increase its appeal.
4. Ideal number of bedrooms
A home with 3-5 bedrooms is ideal for co-ownership. This will accommodate larger groups of people and make it more attractive to potential renters.
5. Ideal number of bathrooms
One bathroom per bedroom is ideal, making the property more comfortable for renters and co-owners alike.
Frequently Asked Questions
Yes, you can. Current homeowners can decide to fractionalise their holiday home and list it on the Kō platform.
These are some of the requirements of a Kō home:
- Well-situated within a popular holiday home destination
- Turnkey: requires little or no renovation.
- A stylish home.
- Ideal number of bedrooms: 3-5.
- Number of bathrooms: ideally one per bedroom.
That is up to you, but we ask each property owner to offer at least 4 of the 8 shares (50%) within the first year. You can base the decision on factors like current home usage – i.e. sell back what you don’t use.
Any information or advice contained in this blog is general in nature and has been prepared without taking into account your objectives, financial situation or needs. Before acting on any information or advice in this blog, you should consider the appropriateness of it (and any relevant product) having regard to your circumstances and, if a current offer document is available, read the offer document before acquiring products named on this website. You should also seek independent financial advice prior to acquiring a financial product.
All financial products involve risks. Past performance of any product described on this site is not a reliable indication of future performance.
Ko Homes Pty Ltd is the Investment Manager of the Ko Homes Trust. It holds a Corporate Authorised Representative authorisation CAR No.1298188 from Quay Wholesale Fund Services Pty Ltd (Quay) (AFSL No. 528 526). Ko Homes Pty Ltd also holds a Corporate Authorised Representative authorisation from Quay allowing it to provide General Product Advice.
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