Sunday, February 13, 2011

Compare the costs

The average 5-star resort vacation runs around $2,000 per person (plus airfare), for a 7-10 day stay. For two people, you're looking at nearly $5,000. Make that a cruise on a good cruise line, like Princess or Norwegian - for a suite, the cost would go up by at least $500. So let's say the average cost of a high-end vacation is around $6,000 per couple, per week. That may not even include airfare!

Some examples: I recently took a 12-day trip on a Meditteranean cruise in a balcony room (not a suite) on Princess. Once we added in airfare and excursions, the trip was nearly $9,000 for two people. We got a deal on the trip since we are repeat 'cruisers', and airfare was low at the time. This past summer, we took a 12-day tour vacation in the UK. This cost about the same and it was not a high-end vacation. We've spent nearly $20,000 on vacations in a little over two years!

If you do the math, assuming the average couple would want to go away for at least 1 week per year, the cost would be at least $6,000-8,000 per year. Multiply that by 10 years, and you have quite a substantial cost for that yearly 1-week trip!

At Frontenac Shores, you spend $79,900 to $99,900 per share (valid at the time I'm writing this). That gives you 5 weeks at the cottage of your dreams, which you could exchange for stays at 5-star resorts world-wide. If you compare that cost to the average cost of a vacation for two for 5 weeks, your cottage at Frontenac would have paid for itself in about 2-3 years.

So, let's say you stay at Frontenac for 4 weeks per year, and exchange 1 week for a stay at a high-end resort in the Caribbean. The cost of renting a cottage in Ontario is at least $1,500 per week in Ontario (I'm talking a nice one), and if the cost of the Caribbean vacation is $5,000 per couple plus airfare, your annual vacation expenses are about $6,500 for 1 week at a cottage, plus 1 week away. What do you have to show for that? Well, you have a lot of pictures to bore your friends with :-)), and some nice memories (hopefully!). If you invested that money into a share at Frontenac, you'd own part of a cottage forever, and have the freedom to use your 5 weeks there or somewhere else in the world.

With the cost of borrowing so low these days, it's a no-brainer - Fractional Ownership is the way to go!

PS - Frontenac has a pre-construction purchase incentive going on now! - don't miss the opportunity to save on the cost of a share.

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