Joint ownership is a modern way to spend your holidays
19.4.2018 BY SUVI WULFF
Many people are familiar with owning timeshares in different destinations, but how does a log villa that you own together with your friends sound? Joint ownership is a terrific way to enjoy the cabin life in the best possible company and spend leisure time exactly how you want to.
Think about it: what would it be like to have a villa as a base of operations near the downhill slopes or golf courses? Put together a good group of people and the children will always have friends and those who live alone will also have people to spend holidays with. For many this is the ideal solution! Your jointly owned villa allows you to experience all the different seasons in a serene, natural setting. As tourism grows, rental options à la AirBnB can also bring in some extra cash when your own group has no use for the villa. An attractive option, wouldn’t you say?
Jointly owning a log cabin is a great way to ensure a vacation spot during the busiest and most expensive holiday seasons when accommodations at holiday resorts are in short supply.
A glazed facade and high ceiling create the roomy atmosphere of our new Honka Vista model.
JOINT OWNERSHIP IS A COST-EFFECTIVE WAY TO ENJOY A LARGE VILLA
Sharing is not only caring, but also sensible. A jointly owned villa allows you to optimise the costs and the time spent on vacation in the best possible way.
At a shared cabin you can enjoy the cabin life and your hobbies whenever it suits you.
Joint ownership offers a fast track to realising your group’s shared dreams, as the required individual investment might be just one fifth of the costs of owning the entire cabin yourself.
The costs should also be weighed in relation to the size of the spaces. Is it worth it to have more spacious and functional spaces for the same price? A log villa is a durable long-term investment that will keep on giving for decades to come. It is also an investment into one’s own well-being and, especially with a jointly owned cabin, into your social relationships.
One benefit of a jointly owned cabin is that it can be rented out when your group is not using it. This puts some additional money into the shared pot. Take some time at the earliest stages of the project to think about how and under what sort of terms the renting should be done. We at Honka can also help you with the contractual matters to ensure that everyone is on the same page and that you can begin your joint project in the spirit of agreement and cooperation.
ARE YOU VACATIONING TOGETHER OR SEPARATELY? – THE SPACES SHOULD FIT THE NEEDS
A community of several owners can build a larger and better-equipped villa than one might be able to afford by his or her lonesome.
Experience terrific moments in nature
When a group is thinking about purchasing a cabin together, the first thing they should think about is what is the thing that keeps the group together? Is it relaxing evenings on the terrace, a shared interest in winter sports or sailing on the waters? Are you dreaming of being near activity centres or would you prefer the wilderness where you spend your days fishing, far away from it all?
Every night is sauna night
No matter what it is, a hobby often requires spaces for equipment and equipment maintenance, for example. When you begin to plan your cabin together with your group, make sure to consider at least the following:
- How many simultaneous users do you think there will be at the cabin? Or will you be spending time there at different times?
- What do you hope to have when you go out on a skiing trip, for example? Consider all the following aspects: entryways and antechambers, spaces for ski storage and maintenance, drying rooms and washing facilities, including showers and saunas. How many simultaneous users do you think these spaces would have?
- How about dining areas? Shared meals are a great joy, but how big a bunch can fit around the same table?
- How many bedrooms would you need?
If you all mean to stay at the cottage simultaneously, you will need a lot of bed space. Maybe a couple of larger bedrooms, some smaller ones and a loft that can fit more people when it is really busy. Children like bunk beds, but grownups might wish for something else.
Spending time together is fun, but once in a while you will surely wish to spend a holiday in your own peace and quiet. There are many weeks in a year, it is just a question of agreeing on how to share them. Will you have a big party together and then everyone takes a different week for themselves? Everything can, and must, be agreed upon.
HONKA HELPS YOU GET STARTED WITH YOUR JOINT OWNERSHIP PROJECT
We have realised many joint ownership projects and we are happy to help your group begin your journey. We can come together and think about what it is that you value, what are your needs, and base the design process on these ideas. We will help you budget and realise your high quality villa project and also help with drafting a joint ownership contract to ensure that vacationing is enjoyable for everyone involved.
When will you hold a starter meeting for your group’s log cabin project?