OWNERSHIP ADVANTAGES

"It's the smart way to own a Bermuda vacation home."

At least that's what new owners at The Reefs Club are saying. Why is that? We asked them and they helped us develop nine distinct advantages of ownership:

1. Luxurious Living Without the Luxury Price - Luxury beachfront vacation homes anywhere in the world are expensive. In Bermuda such homes cost millions of dollars and are out of reach for all but the very wealthy.
   
   At The Reefs Club, however, luxurious beachfront homes are much more affordable and within reach of many more individuals. Residence club ownership is only a fraction of the cost of full ownership.



2. Reduced Maintenance Costs - The maintenance and upkeep of a vacation home, especially a beach vacation home is very expensive. At The Reefs Club, your maintenance and operating costs are only a fraction of what you pay for traditional ownership.



3. No Worry Maintenance - One of the biggest drawbacks of owning a traditional vacation home is hiring contractors to perform maintenance and repair work; painters, plumbers, gardeners, roofers, etc.
   
   At The Reefs Club, you never have to worry about such hassles. The Club handles all cleaning, maintenance and upkeep - even security and tax payments. You don't have to lift a finger. Owning Bermuda real estate couldn't be easier.



4. Luxury Amenities - The Reefs Club is an extension of The Reefs which is widely recognized as the best hotel in Bermuda. The Club will be staffed with highly skilled service personnel who meet the exacting standards of The Reefs. Owners of The Reefs Club will also enjoy having their own private concierge whose sole purpose is to see that you and your family enjoy your vacation home to the fullest.
   
   This combination of amenities and services is only available when you become an owner at The Reefs Club. Even the most extravagant traditional vacation homes don't offer this level of luxurious services and amenities.



5. Save on Taxes & Fees – Foreign ownership of traditional Bermuda vacation homes is tightly regulated by the Bermuda Government. The few homes currently available start at $4.2 million and the limited number of condos start at $2 million. In addition, the Bermuda government charges a 25% license fee for foreign owners of whole ownership vacation homes, which can add another $500,000 to $1 million to your total cost.
   
   Fortunately The Reefs Club is not subject to the same government regulations. The license fee for residence club ownership is only 10% representing another significant savings over whole ownership.
   
   Amazingly, you can buy a Club residence for less than someone might pay in taxes alone for the purchase of a traditional Bermuda second home. Prices for a luxury beachfront vacation home at The Reefs Club start for as little as $350,000 - far less than the $4.2 million required for a traditional Bermuda home!



6. Vacation Whenever You Want – Most second home owners spend only a few weeks each year at their vacation residence. Yet they pay full-time pricing. Fractional ownership is different because your purchase price is commensurate with your usage, an especially appealing advantage to today's busy families. (See the History of Residence Clubs)
   
   Of course, you want to vacation whenever it’s convenient for your family. And you can at The Reefs Club, subject only to very generous reservation privileges. Club owners can plan well ahead for their most important vacation dates each year as well as enjoy the flexibility of spontaneous visits.
   
   The Club offers three ways to reserve vacations, so you have multiple opportunities to secure the dates you want.



7. Deeded Property - Upon becoming a Reefs Club owner, you receive a deeded title to a Club residence. You can sell or bequeath your Club ownership just like any other piece of real estate.



8. Enjoy Other Fabulous Vacation Destinations Too – A member of The Elite Alliance, The Reefs Club enables its owners to exchange stays at other prestigious residence clubs at premium beach, ski, golf and urban destinations around the world.



9. Your Beach Within Reach – Bermuda is less than 2 hours away from major East Coast cities. In fact, it is so close that many people in Manhattan quip Bermuda is closer than Southampton, Long Island. In Boston, they say it’s easier to get to Bermuda than to the Cape.
   
   Accessible and affordable, The Reefs Club is your beach within reach.

Is Ownership At The Reefs Club Right For You?

Every day more and more people realize that fractional ownership of a luxury vacation home fits perfectly their lifestyle. If you think owning your own luxurious Bermuda vacation home may be right for you, or if you have any questions about The Reefs Club, please call Chrissy Frith or Cheryl Trott toll-free at 1-866-399-9568 or in Bermuda at 441-239-0190.

You can also email questions to Chrissy or Cheryl through the Contact Us Page.

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