According to a Harris Interactive poll, the majority of children “strongly agree” that “vacations bring family closer together.”
- Family vacation memories last a lifetime: Most adults surveyed (62%) said their earliest memories were of family vacations taken when they were between ages 5 and 10, and they remember childhood trips more clearly than school events or birthday celebrations.
- Like their parents, children cherish family vacation memories: Youth surveyed strongly agreed that they get to see and do things on vacation that they’ll remember for a long time (64%) and that vacations bring their family closer together (53%).
- Parents underestimate the value of including grandparents on family vacations: Children who traveled with their extended family reported that they get to spend quality time with their grandparents (78%), they feel closer to them (60%), and they like to remember stories about what they did with their grandparents (65%).
Memorable family vacations can cost many thousands, or even tens of thousands, of dollars each year. You might stay at the Ritz, Four Seasons or St. Regis for five-star service; but many families prefer the privacy, space and comfort of a luxury vacation home. You can rent luxury accommodations on VRBO or AirBnB, but the experience is uncertain and amenities are usually lackluster at best.
Consider this scenario: The Smiths take their two kids and family friends on a spring break trip and rent a 5-bedroom home on Hawaii’s Big Island Villa for $7k. A few months later, the Smiths spend 4th of July week in Park City, Utah with extended family members, spending $6,700 for accommodations at a hotel.
The rent totals $13,700 for two vacations with family and friends — well worth it for the enjoyment and memories but…
Equity Residences has a better solution for creating quality family time and lifelong memories. With a $108k investment in our Equity Villa Fund, The Smiths gain access to more than 65, fully-serviced, luxury vacation destinations around the world. During their 10-year investment period, the Smith family enjoys $100k to $150k worth of rent-free vacations. That’s a 9% to 14% annual ROI, not including the priceless memories made in a property that feels like home.
Annual fees? Operating expenses are offset by rental income generated when the Equity Residences’ properties aren’t being used by Partners. So, no annual fees.
What if I can’t take a vacation in a given year? No worries. You can receive rental income in lieu of vacations, let friends use your weeks, or donate property usage to your favorite charity.
What happens to my $108k? It’s invested in prime luxury vacation home real estate purchased at 10-year lows, sometimes below construction cost. Should the properties return to previous highs (and most experts believe they will), your investment could double by the time the properties are liquidated at the end of the Fund’s term. In the meantime, you’re a hero for taking your family and friends on epic rent-free vacations.
At Equity Residences, we’ve thoroughly enjoyed developing this unique investment opportunity for you to enjoy. Put your money to work while you vacation!