As per the studies, the holiday home investment is increasing per year by 10-12% and it’s not just serving a cause of providing luxurious lifestyle, profitable investment, retirement retreat but it’s now becoming a new luxury for the holiday lovers. With the frequent change in the mindsets post pandemic, the demand of the holiday home is touching heights as there is a significant increase in the number of buyers seeking luxury. If we talk in context with fractional ownership, holiday home is becoming the affordable dream for the people. You can land in to our websites www.brikitt.com and feel amazed to see the Affordability.
To get more clarity about holiday home and BRIK itt, lets dive into the discussion of how does property investment works
Here are the process of Holiday Home
EXPLORATION OF PROPERTY
Choosing an apt property is definitely not a low hanging fruit as there are many markers to be taken care of before investing in a holiday home to make it super profitable. The one and the foremost being the location. The location should be the one, popular among tourist attractions and having profound landscape that can enamor anyone experiencing that place so BRIK itt explore the location that can give you the perfect blend of rest, relaxation and luxury away from hustle & bustle of your City. Apart from that there is a lot of research and verifications of the location, builders and property documents that BRIK itt takes care of before introducing any property to the potential investors.
REGISTRATION OF PROPERTY
Now after exploration, the property is registered as SPV (Special Person Vehicle) and a Private Limited Company is formed and as per the BRIK itt eco-system there are 11 co-owners in each property who holds the equal shareholding rights and they are the one sharing profits and the expenses of the property equally. For better understanding, special purpose vehicle (SPV) is simply a regular limited company which is used solely for a particular purpose. In the case of property investment, it’s used to purchase and rent out properties. Once the BRIK owners pays off all their installment of the BRIK purchased (1/11th part of the property is termed as BRIK) they will get Share holding certificate and Agreement copy with Brik itt and they can start enjoying holidays.
UTILIZATION OF THE PROPERTY
One Property, 11 owners and 365 days ….. Now here comes a question how BRIK can be utilized. There are many thoughts that pop ups around your head like – How 11 owners are going to use same property? or What if everyone needs the property at the same time?. To clear all that lets get into its depth. There are 30 days usage rights given to each Brik Owner in a year and there are 365 days. As this has been observed that the average days people normally go for the vacation in a year is appox 1-2 Weeks so BRIK itt gives 30 days usage right to all in which they can enjoy their luxurious stay and the 30 days that were left can be utilized by the property to earn for its own expenses like electricity bills, house tax, water tax, maintenance cost etc so that you need not to have any extra burden to pay off the expenses of your holiday home.
The Brik owner needs to book the property in advance to enjoy their special dates like Birthday, Anniversary etc and on festivals or holidays the booking is confirmed on first come first serve basis.
RENTALS YIELDS
Every proud BRIK owner has interoperable usage and earning right. You are entitled to 30 days of rental earning. As we have already discussed usage rights of 30 days so if the brik owner is not using the property for all 30 days in a year when they get the rentals out of the unused days that means while your holiday homes are not serving you they are earning for you. To get the better clarity lets imagine Mr. X is a brik owner and he has used 6 days in a year and he has gifted 4 days to his friend on his 1st anniversary so the total usage is of 10 days and remaining are the 20 days so he will be getting rental income for 20 days. The earning of the property is calculated yearly. A cumulative earning is recorded by the property and then divided by 365. This number obtained by the division is the PER DAY income of the property and is accordingly distributed among the owners according to their unused days and that’s how you can earn handsome rental yields.
EXCHANGE BENEFITS
Your ownership is more than what you thought and to validate that I want to introduce you with one amazing benefit that BRIK itt offers you and that is Easy Exchange Benefit. The exchange saga – In order to provide the ultimate level of luxurious stay every brik owner gets the best and the most unique exchange program that means you can buy a property in one place and you can have the privilege to use any of the brik itt property all over India.
PROPERTY MANAGEMENT
BRIK itt not only helps you owning your dream homes it does more than that. Whether you are looking for managing your second home or looking for an experienced, honest team to manage your guests and fetch the best possible return on your investment, we are here…We aren’t going anywhere. Some of the amazing services offered by BRIK itt on very minimal AMC (Annual Maintenance Charges) are –
1) Dedicated Housekeeping Team &24/7 Concierge Service
2) Escrow Services such as utilities, taxes, and property insurance.
3) Extensive marketing of your unit when available for rent (Listing on booking portals), etc
You can just relax after booking your brik as the only thing that you need to do is to plan your holiday and allow us to serve you.
LIQUIDATION OR EXIT
Holiday home investment with Brik itt, brik comes with easy liquidation opportunities as here the eco-system is developed in a way that a liquidation system is hassle free and fast. You can sell, gift or transfer the brik at your desirable price after the lock in period there is no restrictions on that. We even have a dedicated resale window. and an Existing buyer club to resell the brik among interested buyer and sellers in the portal.
PERSONALIZED DASHBOARD FOR OVERALL TRACKING
BRIK owner Dashboard is also delivered to the Brik Owners with all NEW Look & Functionality. It is a real time BRIK management tool Known as WEB APP that helps BRIK owners to track their payments, expenses, profit/loss and bookings. It is one stop store for all BRIK and SPV related documents which can be downloaded on the fly. A BRIK owner can view any maintenance expenses and keep track of their brik on a real time basis. Not only this, with BRIK itt web app you have full transparency of your funds, rental income, occupancy and many more.
So that’s how holiday home investment works. To get more details log on to www.brikitt.com now
