There are no living restrictions at the Fontainebleau properties. You can live there year-round and may even leave a car parked there in your own assigned spot. In this respect, it is the most flexible property around.
By comparison, some other properties have severe restrictions. As a few examples:
Q Club, Ft. Lauderdale, lets you live in your unit 60 days in-season and 60 days in the off-season.
Canyon Ranch Living, Miami Beach, affords it owners the opportunity to use their own unit only 36 days a year.
Believe it or not, there are even units in Acqualina, Sunny Isles, which you can purchase and which offer you, the owner, not one guaranteed day of usage. Not one!
Properties like these can be sold to buyers who are truly investment oriented, but will not be of interest to people that may wish to use their home year-round either now or in the near future. This excludes the many investors who plan to retire in a year or two and will want to move permanently to our warmer climate.
What it comes down to is there will be a bigger potential buyer market for a property with no living restrictions, and that bodes well for appreciation of the unit upon resale.
The above question(s) were submitted via e-mail by a visitor to www.condohotelcenter.com. The answer was prepared by Joel Greene, a licensed real estate broker with Condo Hotel Center which specializes in the sale of condo hotel units and fractional ownerships in private residence clubs.