Barbadians and resident investors are not taking full advantage of the trade in property that is possible at the Crane Resort and Residences.
This was the announcement made by Paul Doyle Managing Director and owner of the property who has the oldest hotel in the Caribbean under his management.
Doyle said this to the media recently, in the wake of the Crane Residence and Resort being rated the highest from among 3,700 properties worldwide by Resorts Condominium International (RCI).
Moreover, the resort boss explained that those Barbadians who have developed an affinity for the property particularly for vacation ownership are amazingly not looking to exchange with other properties across the world but are continuously coming back to the property every year. He noted that for them it feels like they are away. He said, “A lot of Barbadians are buying into the programme of vacation ownership.”
But Doyle who is the owner of the multi-million dollar property reiterated that Barbadians or residents of Barbados who invest in timeshare property investments overseas are not looking enough to their own shores to park their investment which they can get at half the price, with less travel time and some of the greatest in amenities and the best views around the globe. He was adamant that unlike a number of the properties overseas, the Crane was not putting a lot of add on gifts in their packages but ensuring that their product was the best it could be for anyone investing with them.
The Crane, offers the opportunity for outright or interval ownership of luxurious one, two or three-bedroom residences in its Private Residence development. Currently, there are 202 rooms with new rooms being added to the product as the property is still being developed.
Prices for whole ownership at the exquisite residences range from US $425,000 for the deluxe studio to US $1,781,000 for the 2 Bedroom, 3 bath, with 28′ Pool. Meanwhile quarter share ownership ranges from US $179,159 for a one bedroom rooftop deck pool with a Gazebo and the two bedroom with similar amenities starts at US $220,266.
Outright ownership provides the opportunity for owners to have flexible usage of their own luxurious oceanfront residence and a unique rental programme to ensure a significant return on investment, if desired. The Crane’s interval ownership program combines the benefits of a guaranteed specific residence each year with the flexibility.
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Barbados is home to a lot of different timeshare resorts and you can find a lot of owners looking to sell or rent their Barbados timeshares on websites like SellMyTimeshareNow.com. Sometimes it’s nice to rent a week before making the commitment to purchase.
Renting a week is not enough. Don’t forget to stay really sharp Crane sales sings the resort’s praises. Remember resale and liquidity considerations in general. When they say you’ll be able to sell on your own, just ask how many owners have been able to unload their property privately. When they assure you that they’ll be able to sell your property for just 20% commission (10% for full ownership), ask why they offer a “premium listing” plan that charges 20 – 30% commission. Indeed, why does this option even exist, and how does one justify these rates? In short, do these properties run up against liquidity problems should an owner have to sell? Sure, nice view, etc., but don’t be seduced into buying any Crane property before presenting some really hard-boiled questions.