Vacation homes sit vacant on average 10-11 months every year
And yet, you paid 100% of the cost, you pay 100% of the expenses, coordinate 100% of the management… all to use less than 20% of the time.
otherhome exists because we believe EMPTY vacation homes shouldn’t exist. We believe in liquidation, optimization and the ultimate vacation.
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Sell Pieces
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White Glove Management
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Earn Income
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Exchange Globally
Current vacation home owners have 2 options of how they can participate with otherhome:
Option 1
Join otherhome and maintain full ownership of your property.
Keep full control
Retain 100% of the ownership of your home, and 48 weeks per year of usage, while otherhome receives 2 annual weeks of usage, plus 2 annual weeks for maintenance (industry standard).
Fully managed by otherhome
White glove management services on a weekly basis to help keep your property clean and in top shape.
Opt-in to our rental program
Turnkey rental opportunity. otherhome will handle the management and acquisition of renters. We will take care of everything, and you make some extra money from your home that would otherwise be empty.
Exchange with other properties
Exchange unused weeks around the world through the THIRDHOME network. The vacations you would normally pay a fortune for are now available by swapping unused weeks at your property.
Option 2
Join otherhome and sell pieces of your property.
Raise cash and maintain partial ownership
otherhome will find purchasers/co-owners for your property and facilitate the process. You will convert part of your equity to cash which you can use to invest or improve your life in various ways.
Fully managed by otherhome
White glove management services on a weekly basis to help keep your property clean and in top shape.
Opt-in to our rental program
Turnkey rental opportunity. otherhome will handle the management and acquisition of renters. We will take care of everything, and you make some extra money from your home that would otherwise be empty.
Exchange with other properties
Exchange unused weeks around the world through the THIRDHOME network. The vacations you would normally pay a fortune for are now available by swapping unused weeks at your property.
Selling pieces is like winning the lottery
Joining otherhome and selling pieces is like winning the lottery, because it allows you to maintain more than enough time to still use your property as you normally would, but to also earn money from selling and renting. That unused time, those empty months could help make your life a lot better!
otherhome Case Study - LIQUIDATION:
Imagine if you owned a cottage in Ontario worth $800,000. You visit it about 4-6 weeks per year.
With otherhome, you have the opportunity to sell 4/8 of the cottage, receiving $400,000 upon closing, while maintaining 24 weeks of usage, which is still 18-20 weeks more than you would ever typically use!
What can you do with that $400,000? Buy a new car or 2? Perhaps a boat? Bicycles? Canoes? Invest it into another property to expand and diversify your real estate portfolio? The possibilities are endless, and you still enjoy your property as much as you did before.
Investment diversification option:
Imagine taking that $400,000, and instead of banking it or spending it, you can invest in other properties in the otherhome network.
Buy 1/8 of a condo in Florida for $100,000.
Buy 1/8 of a beach house in the Bahamas for $100,000.
Buy 1/8 of a chateau in Whistler for $200,000.
Rather than putting all of your eggs in one basket by owning a single property, now you can own (and use) properties all over the world and take advantage of multiple market conditions and appreciation potential.
Another great advantage
By selling pieces, otherhome owners will also benefit from reduced operating costs/bills and taxes, as expenses are split amongst all owners. So joining otherhome and selling pieces is truly a win-win-win… well, we’ve lost track of how many wins there are, but there are a lot!