Thursday, April 21, 2011

Increasing the value of your 2nd home


"3rdhome is at once beautiful & simple, the best idea I've seen in a long time."  Sheena Conolly, Cayman Islands Sotheby's International Realty.
It is advisable to choose your audience very carefully if you decide to vocalize the drawbacks of owning a luxury second home, but in the company of somebody who also finds themselves in this enviable situation it may not be too long before you are discussing a certain feeling of obligation to visit this second home as often as possible to maintain "value for money". Even if this second home is situated on Seven Mile Beach in the Cayman Islands, one of the finest stretches of sand in the Caribbean and looks out over the most beautiful crystal clear waters seen anywhere in the world, it just may be that you don’t want to visit the beach for every vacation & at every time of the year. It may occur to you & your consoling companion who also owns a luxury second home that, as his second property is in Aspen & yours is in the Cayman Islands that every once in a while you could each take a turn in the others home and thus mitigate this effect. But what if you could extend your network of friends across the entire globe so that this “problem” was actually turned on its head & that you had such a vast selection of luxury vacation homes to choose from, that you had trouble deciding where to go next? Enter 3rdhome the simple yet perfect solution. 3rdhome is an exclusive club of luxury second home owners, who just like you, want to maximise the value of their property but also want to see the rest of the world. The simplicity lies in the fact that members can submit weeks for their own property to be used & in return they receive "keys"which they can use to stay in any other property they like, they are not trying to arrange a direct swap with the logistical problems that entails. Based on the market value of your home you will be given between 1 & 5 keys for each week that you place into the system, all that remains then is to find another luxury home that is available with the number of keys at your disposal. The only cost involved is an administrative fee of $495 per vacation week  & this to stay in some of the most luxurious homes in the world, which in many cases are not available in the vacation rental market. Cayman Islands Sotheby's International Realty is exclusively offering free membership to property owners in the Cayman Islands simply register today: http://www.caymanislands.3rdhome.com/

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