At least 5 reasons why investing in Paris Pied-à-Terre
Fractional Residence Club makes sense:
Fractional Ownership Benefit #1:
A Fraction of the Price -
Our prices start at €82,000 Euros ($113,295 U.S. as of Aug 8, 2007). That's a big difference from the whole ownership price of around €500,000 Euros ($689,824 U.S. as of Aug 8, 2007) for a 1-bedroom apartment with a similar location and amenities (and with no management or concierge services!). Why pay for year-round use of a vacation home you’ll only use a few weeks of the year?
Fractional Ownership Benefit #2:
No Hassles -
It is bad enough when you need to do renovations on your property back home... imagine what it must be like to supervise a job long-distance, in a very difficult work environment such as France. Then there's the management aspect: It is very important that you make sure that there is a proven management team before you buy into any fractional ownership. Ownership at Paris Pied-a-Terre Residence Club includes complete property maintenance and magament service with a proven record of over eight years. Our aim is to please you and to maintain the value of your property.
Fractional Ownership Benefit #3:
A Truly Relaxing Vacation -
Every time you come to Paris, you know just where you’re going to stay -- you never have to call another hotel or rental agency again. When you arrive, we arrange for airport pickup, your apartment is sparkling clean, and your fridge is stocked with groceries. During your stay, we provide complete concierge services, handling restaurant reservations, golf tee times, and theater tickets. When you leave, you don't need to worry about cleaning, or about paying bills, or fixing a leak. You just pack and leave. We take care of the rest. More on Club Services…
Fractional Ownership Benefit #4:
Reassuring Legal Structure -
Extreme care must be taken while putting together a fractional ownership deal -- especially in France where the legal and fiscal repercussions can be tricky for foreign investors. We have worked with Andy Sirkin, an American lawyer who specializes in international fractional ownership, to develop our legal structure. Ownership in the Paris Pied-a-Terre Residence Club is acquired via a Homeowners Association in the United States. Owners can sell, gift or will ownership interests at any time, and any transfer of ownership takes place under U.S. law.
Fractional Ownership Benefit #5:
Vacation Flexibility -
A unique advantage of Paris Pied-a-Terre Residence Club is our sister company, Paris Pied-a-Terre Vacation Rentals. If you wish to come a week other than the ones guaranteed to you, we will do our best to accommodate you in one of our other apartments. Or if you own a 1-bedroom but wish to bring extended family one week, we can arrange for you to stay in a larger apartment. Longing to visit other parts of France too? You'll be able to stay in our Provence house or any of the other Club properties we plan to add in the future.
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