Ancana helps you own a luxury vacation home at a great price through fractional ownership. We find you the perfect home, and then take care of everything to ensure a stress free ownership experience – from furnishing to property management and concierge service. This lets you focus on why you bought a home in the first place: to relax and make memories with your family and friends!
How does fractional ownership work?
With Ancana, you share legal ownership of a home with other co-owners. Each owner gets to use the home for certain number of weeks every year (ex. a 1/8 ownership = 6 weeks of use each year). All property costs are shared, but your ownership interest is completely independent from your other co-owners, meaning you can sell your fraction or add it to a Will or Trust at anytime.
Do I actually own part of the property? Or is this like a timeshare?
When you buy a fraction of a home through Ancana, you own real property. You and your co-owners own 100% of the home through your property-specific Investment Trust (LLC). Unlike timeshares, Ancana homes are a real estate investment. The value of your share appreciates with the value of the home. You can sell your share after 12 months of ownership, and keep any appreciation in value.
Will I know the other co- owners?
Ancana’s fractional ownership process is set up so that you don’t need to know your other co-owners. We vet every potential owner before purchase and all fraction owners agree to the same rules and operating policies. To respect the privacy of all of our owners we do not disclose owner information without prior agreement from the other co-owners.
What happens if there is any damage to the property, who is responsible for the damage?
Properties are inspected before and after each owner's stay. The cost for normal wear and tear is covered by the house reserve fund, which is included in each co-owner's monthly fees. Any other damage is charged to the owner who was using the property at the time.
How does scheduling visits to the home work?
Scheduling a visit to your home is easy using the Ancana Owner’s Portal. Each year you will be assigned a selection order to choose your weeks. The selection order rotates every year so if you are picking 1st this year, you’ll pick 2nd next year, 3rd the following year, and so on.
Week selections take place each year during a scheduled “Booking Window”, which typically lasts 2 weeks. At anytime while the the Booking Window is open, co-owners can choose their desired weeks and rank them based on personal priority. Once all owners have selected their desired weeks, our system assigns weeks to each owner based on their selection order and desired week availability.
Starting with selection order #1, each owner is assigned their top available week. Once all owners have been assigned their 1st week, the process starts over using the same selection order for weeks 2-6 until all owners have been assigned their 6 top available weeks.
Can I rent some of my weeks?
Yes, with most Ancana properties you can rent out your weeks. Many owners do this to offset their monthly costs. Ancana manages the entire rental process for you using our own pricing data to generate maximum returns. You can also swap your weeks for time in over 15k homes worldwide through Thirdhome’s exchange program.
How are properties insured?
All Ancana homes are insured, just like a standard Homeowner’s insurance policy. The cost of insurance is included in your property expenses.
What can the Ancana Concierge help with?
When you buy a fraction with Ancana, you will have a dedicated concierge who helps with anything you need. They help make your arrival smooth, book services like a private chef or a golf outing, and ensure your stay is memorable.