Estimated reading time: 4-5 minutes
You probably love to vacation but are tired of paying expensive nightly rental prices every time you take the family to your favorite destination. No doubt you’ve thought to yourself, “Wouldn’t it be great if we just owned our own vacation home?” But who has the time or money to own an entire second home all to themselves?
Now there’s a way to own just a portion of the home and use it for part of the time. Ember, a new startup based in Lehi, Utah, is making this possible through vacation home co-ownership. With Ember, your ownership can match your availability and your budget. Even better, with many Ember Homes, you can rent out the house when you can’t use your time.
⅛ of the Home, 100% of the experience
Historically, very few could afford a vacation home—especially in top destinations like Newport Beach, St. George, or Bear Lake. And even for families that could commit to a vacation property, research shows that they are only using the home for two to six weeks out of the year.
With Ember’s co-ownership model, owners only pay a fraction of the cost that corresponds to their ownership. Each Ember home is divided into eight equal parts. Co-owners get 6+ weeks for each 1/8th share they purchase. Owners looking for maximum time can buy even more of the home.
Make memories while you’re there, rent it out when you’re not
Each buyer enjoys exclusive access to the home during their stay and with select Ember Flex homes, owners can rent out their time when they won’t be at the home. Plans change. Life circumstances change. Six weeks might be just enough in a given year and too much the next. Having the flexibility to simply rent out your nights – to potentially offset your costs of ownership – and not worry about the home sitting vacant, delivers incredible peace of mind. It’s the best of both worlds.
Ember’s SmartDraft™ technology makes sure each owner gets their fair share of desirable nights throughout the year. It’s easy to swap nights with other owners or change your plans throughout the year using Ember’s intuitive mobile app.
Ember sweats the details so you don’t have to
Ember’s innovative approach to vacation homeownership promises a five-star experience from start to finish—free from hassle and disappointment. Each home is professionally designed and comfortably furnished so you can simply show up and instantly enjoy the space. A 24-hour property concierge is available for any issues that may arise. Need a few extra home supplies? Did you lock yourself out? The on-call concierge will be there in minutes.
With Ember, their commitment to your experience continues even after you leave. They maintain your vacation home so you don’t have to worry about it. The home is cleaned, linens are washed, lawn is mowed, and pool is maintained so the property is turnkey ready for your next stay.
Where luxury meets logic
But the biggest benefit to co-owning a premium vacation home is building equity. Ember homes appreciate in value just like other properties on the market. Unlike a timeshare, Ember homes are owned by their co-owners in an LLC structure. Should you decide to sell your portion down the road, you name the price and capture any potential appreciation. The process is simple and Ember handles the details of reselling your ownership and handling the closing process.
With Ember, you’re paying yourself to go on vacation, which is impossible when staying at someone else’s Airbnb or VRBO. On top of that, because you own a minimum of 13% of the house, your costs like insurance and property taxes are offset by 87% thanks to the other co-owners. And with potential rental income and future appreciation, the gains could offset your costs even more.
Ultimately, Ember’s co-ownership model was designed for one thing: to help more families enjoy hassle-free vacations in beautiful homes—that they truly own. Start by browsing the available properties and find the perfect vacation home for you. Then talk with an Ember advisor to get all your questions answered and finalize your purchase. You’ll be able to book your first stay and arrive at your Ember home in as little as 24 hours. From there, it’s all about making memories that you’ll cherish forever with the people you love.
Ember Advisors are available for call or chat from 7 am to 11 pm Mountain Time. Just call 1-800-366-6891 for more information.
More stories you may be interested in