Written by Julie Anderson| June 18, 2021 in Tips & Advice
Okay--we want you to imagine a worst-case scenario.
You’ve purchased shares of a vacation home.
Whether a timeshare or something else, it can all lead to the same slippery slope of bad news.
At first, it all seems like crisp blue skies and steamy summer days and nights where you share special moments with your family and friends. After all, that’s the sales line that made you take the plunge and make your fateful purchase.
Unfortunately, scheduling time to visit your “timeshare” home resembles something between pulling teeth and running a marathon.
Many shared homeownership scenarios attract you with promises of good times you’ll have a hard time experiencing because you need to compete with fifty-plus “coowners” for time.
And even when these setups involve fewer owners, allocating the time remains stressful because of the leg work. You’ll find yourself sending endless emails, making phone calls, and coordinating like you’re a project manager. We've even seen some timeshares that still accept faxes for scheduling. Yikes.
What’s worse? Even after all that work, you still might not get the time booked that you want, especially during peak seasons.
Piling onto the bad news is you remain on the hook for payments, even if you don't use your 'week'.
Fortunately, Savvy has introduced a solution to ensure you get the most out of your vacation home: the Savvy App for phones and tablets.
We’ll get to our app in a moment, as it’s a standout component of the entire ownership experience.
However, our business model and how we offer co-ownership in homes at Savvy lay the groundwork for the app to thrive.
First and foremost, you and your fellow homeowners are genuine 100% legal owners of your property. This key benefit is made possible by you and your co-owners buying your home through an LLC.
Our ownership standards set the tone for the rest of Savvy’s scheduling. For one thing, the home is shared among a small group of people, from two to eight owners total. That perk removes much of the logistical pain points between co-owners because fewer people must coordinate schedules with one another.
Moreover, we ensure owners are a good match and ensure everyone agrees to a common-sense code of conduct, establishing a sense of scheduling harmony.
Now, it’s time to get down to the nuts and bolts of the matter: the Savvy App, your vacation scheduling hub.
In short, all your stays are managed by the Savvy App, starting from the moment you log in and check the calendar until you receive instant confirmation.
As you can see in the image above, the calendaring system should look familiar. Through a few presses of a button, you’ll ensure your concierge has prepared the residence for your stay and that the lights are on by the time you arrive.
Savvy owners can buy anywhere from ⅛ to ½ of the home.
For each ⅛ ownership interest, you receive 45-plus nights per year available in residence. As a ½ owner, you’ll have 180-plus nights per year in the residence at your disposal.
Let's walk through them here, but remember -- the Savvy App makes quick work of all these rules and creates a seamless scheduling experience.
You must book Planned Stays between 8 days and 24 months in advance.
Staying anywhere between 1 and 7 days will count as one Planned Stay.
Staying between 8 and 14 days will count as two Planned Stays.
Six Planned Stays are allowed at any given time per share.
When you book 1 to 7 days before your arrival, it will count as a Last-Minute Stay.
These stays don’t count against your six Planned Stays.
However, Last-Minute Stays will count against your 45 nights.
You’ll get to book one stay during a federal holiday per year, per share.
Local events and other special dates might also be included as Holiday Stays.
The maximum stay you can book through your Savvy App is 14 days per share. Whereas the shortest amount of time you can schedule is 1 night and 2 days.
It’s then worth noting that those with more than one share of Savvy’s co-ownership receive more Planned Stays and longer available durations.
Yes--you can book more time than what’s initially available, whether you receive 45 or 180 days (depending on your ownership status). Just know that it’s first-come, first-serve for reservations.
Moreover, a modest nightly operating fee will be added for additional nights to cover ownership and maintenance costs.
Flexibility is of the utmost importance for us at Savvy. We want our owners to have the freedom and convenience to make changes when needed.
Therefore, in working with your schedule, there are no fixed weeks during the year. Instead, you just schedule your stays with from the Savvy App based on what’s still available.
Given our dedication to flexibility and convenience, no specific owners have priority when it comes to scheduling.
Equal access to dates is all part of the Savvy experience, which is why we maintain a first-come, first-serve approach.
Typically, Savvy owners arrive at 4pm and depart at 10am, but that time isn’t set in stone.
Depending on schedule and cleaning, we encourage you to reach out to your concierge, so you can arrive sooner or leave later--just let your concierge know to see if it’ll work out.
The Savvy App makes scheduling easy, while Savvy makes your second home co-ownership an incredible experience that vastly improves your quality of life. Contact us today to find out more.
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