Mr. Not So Curious and I have a decision to make. Should we or shouldn’t we buy a fractional share of a house in southern France? How’s that for a dilema?
When I was looking for a house to rent in Provence earlier in the year, I came across something called, “fractional ownership”. I didn’t pay much attention, since we were looking for a rental for one week, but for reasons that still remain a mystery, I looked up “fractional ownership France” when we came home. Really, I don’t know why, other then a vague sense that we had such a great time in France and wouldn’t it be nice to go back from time to time. Truly, except in dreams, the idea of owning a house in France (even only 1/10th of a house) never crossed my mind.
But, it turns out, there are three houses available at relatively reasonable costs. Fractional ownership works like this: a group of people jointly own a house together. For a fraction of the price of a owning the home by yourself (and a yearly maintenance fee), you are able to stay in the house for 5 weeks a year.
The group can either be friends who buy and renovate themselves, as is the case of Chez Mirabel, or the group can be put together by a small developer, as is the case of Le Muguet and Maison Bleue.
Here’s some photos of Le Muguet, located in a small, lively village, Vers Pont du Gard, very close to Uzes, one of the towns we visited in June.
There is another bedroom and two full baths, plus a large roof terrace.
Next is Maison Bleue. It’s located in Languedoc, an area that I have been to many, many years ago. It has three bedrooms and two and a half baths, plus roof terrace.
Lastly, Chez Mirabel. It is located in Mirabel les Baronnies, a lively village very near where we were this summer. In fact, we think we might have driven through on our way to visiting the winery in Gigondas.
Also three bedrooms and two baths and a roof top terrace.
So, what do you all think? Should we do it? And which one?
Really, would welcome your feedback.
I read the obituaries in the New York Times and they made me think of my own life and how I am living it.