Tag Archive for: Chris Bounds timeshare

Tiny Resort Cabins! Huh???

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So this Tiny House thing keeps growing. Started out as an efficient way to stack in resort or campground lodging facilities cheaply and quickly. Then the man-bun wearing minimalists who don’t were shoes to work got into the deal with their hipster buddies and the whole Glamping thing evolved. Like life, evolution continues.

Enter Resort Mini Cabins, vacation rental tiny units and Luxury tiny condos. Wow? The evolution continues. As the Gen X and Millennials age into peek buying years, they are driving the market like they did with Segways, Ride Sharing and grab n go scooter rentals. The new look and concept is also catching on with the old folks..40+ fo

lks who are a bit more thrifty than they once were.

So resort, campground, timeshare, hotel and glamping companies are cashing in. It is estimated that there are over 20,000 tiny homes in the Continental US as of 2018, that were build and sold by “Certified” manufacturers. This does not count the non-certified and privately held company units. As the 20+ crowd grows into prime spending years, this number will mushroom.

Chris Bounds of Dos Mundos Developments, when asked about the tiny resort unit craze, had this to say, “Well it looks an smells alot like the Condo & Timeshare craze of the 80s, when a good idea met up with favorable demographic trends and a good economy.” This is going to be really, really big and large players will jump in soon according to Bounds.

We are already seeing large “glamping” companies add this product to their mix as well as some of the largest timeshare companies, such as Bluegreen, ad a “tiny lodge” to their inventory at selected resorts. It is here to stay and will only get bigger. Aside from business travel lodging, many 30 somethings prefer to stay at more earthy and simple lodging and resort locations versus the traditional All inclusive, luxury resorts.

Don’t forget that developers love this concept. They can increase density dramatically, build for much less per square foot and have a much, much broader market to sell to. One developer in the Blue Ridge Mountains has disclosed that one Tiny Lodge, witch cost $60,000 to have delivered and set up, has produced over $1,000,000 in fraction sales and rental income. With numbers like these you can guess what is going to happen.

For more no-nonsense resort development sales stuff, contact Chris Bounds directly at 512-five six five-2616

Resort Amenities: ROI?

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Ok, so the latest studies show that a private golf course closes (net closings) every 9 hours. On average, private golf course cost $375,000 per year to maintain + staff, insurance etc. You might get 20,000 rounds played in a year and so net $200,000. BUT….
So if the land the course is sitting on is valued at $12 a square foot, you have to build something on it! Chris Bounds
Think about how many golf course lots you sold and how many garden homes with a fairway view you sold and how many interior lots you sold and how many weeks of timeshare you sold to people who don’t know anything about golf but know, and so want, the allure and “prestige” of living in a golf course resort or community. Golf courses drive sales and that’s about it these day. Golf is, sadly, a dying sport. Like swimming pools, marinas, fountains, tennis courts and parks, amenities drive sales and hold values. Without them a resort development is immediately labeled “B Team” and can quickly descend to “C Team” status. So, don’t try to line item an amenity as a profit center. You will be sad. They are an expense….like the light bill and new carpet. Now, nothing says (excluding HOA Nazis) you can’t shrink some fairways, reduce the size of the driving range or even cut off 9 holes and then redevelop more lots, fractionals and resort lodging but having a well maintained course can be very profitable when considering other, related sales activity. Lake side, riverfront and ocean front resorts face the same questions when dealing with marinas. They can be costly to maintain. They add liability. They are always to big or to small for certain water craft. So, on a spread sheet all you see is debits….but ad back the value of all the added activity at your resort. Add back how many condo and timeshare sales were made because a couple stopped and had dinner and wine at the floating bar. So, don’t go cheap on amenities. First impressions count. Its hard to sell when everything is perfect….buyers are looking for objections and reasons not to buy. Plus, you competitor has nice amenities. For more no-nonsense resort sales stuff call Chris Bounds directly.