A beautiful Languedoc house for just 49k: You can own part of a beautiful two bedroom fully renovated house in the Languedoc without the hassle and expense of complete ownership. Click here to see the property. Click here to see how your ownership works.

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HOW IT WORKS

Important Background on How Fractional Ownership Works

Several barriers discourage non-nationals from buying property in France. Although excellent values for historical homes exist throughout the country, the realities of French laws and customs make the purchasing process extremely complicated and bureaucratic.

Then there are the French inheritance laws, which take priority over U.S. based estate planning. They can prevent surviving spouse inheritance, as well as trigger both title change and significant inheritance tax issues.

Most folks want a vacation home to enjoy with friends and family for 2-4 weeks a year. However if you intend to rent the property when not using it, you will be forced to register as a business in France, and deal with the imposing French bureaucracy and its myriad legal and tax liabilities. Paying full home price for only a few weeks a year of use is hardly cost effective.

If you decide to fly under the radar (forego registering as a business) and rent the property to other vacationers, you still face all of the normal absentee management issues. Without the convenience of proximity, mastery of the language and a thorough knowledge of French Law, which trumps any U.S. based agreements, your dream house might well become a nightmare.

In recent years, limited numbers of Time-Share Condominiums and "Lease-Back" accommodations in France have become available. They generally are limited to new properties in winter or summer resort areas with steep ownership expenses and fees, restricted usage and minimal, if any, management control.

A New Way

A new approach to vacation property ownership in France.

Notre Maison dans Toulouges is owned by a French SCI (real estate holding company), which in turn is owned by a U.S. non-profit Homeowners Association. Unlike a time-share, you own your share of the property out right, benefit as the property appreciates, and may sell at any time (FAQs).

The price of admission for this property is 49,000 Euros (about $63,200 USD on 10/17/2008) until 2009 when it will increase to 54,600 Euros ($68,900).

Annual maintenance and management fees of approximately $1,800 per owner include taxes, utilities, telephone, TV, a high-speed internet connection and amortized replacement costs for the entire inventory of the house and its systems. The Association will assess this fee on a yearly basis.

The property will be managed by local real estate specialists that know the language, the area, and the laws.

The House

Nestled in the charming town of Toulouges, population 6,000 in the South of France, at 18 rue Jean Jaures lies your new home away from home.

This historic stone house was constructed by local artisans in the time-honored tradition of quality craftsmanship. Local building materials of thick river rock and Catalan bricks impart an authentic patina to the 200 to 400-year-old structure. Many of the original architectural details remain intact.

If you have always longed for a home with character and a rich history, welcome to Notre Maison dans Toulouges. The house has been completely updated with every modern convenience and comfort without detracting from its charming old world style. We think it is the perfect marriage of new and old.

Ground Floor (Den, Patio, Storage)

THE DEN

This charming room on its own floor can easily second as a mini-suite with a sofa bed and private bathroom, and direct access to the outdoor patio. Think guest room!

THE PATIO

How about breakfast outside? Or a comfortable place to read and lounge on lazy summer afternoons and evenings? Perhaps a romantic dinner by candlelight?

SECURED STORAGE

For added convenience and security, each ownership share has large secure storage area that is easy to access on the ground floor.

LAUNDRY

A new washer and dryer, ironing board, and iron make short work of doing the laundry.

First Floor (Kitchen, Living Room, Den, Patio)

THE KITCHEN

An updated, well-equipped gourmet kitchen awaits you with the following amenities:

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bi-fuel stove (3 gas, 1 electric burner) with electric oven
large European style refrigerator
dishwasher
espresso machine
microwave

A large table easily seats eight with 2 additional leaves to accommodate bigger groups. Sunlight from two tall windows, a high, wood beamed ceiling and walls of rock and brick create an irresistible and inviting entertainment space.

THE LIVING ROOM

A massive wood-burning fireplace anchors this large salle with tile floors and wood beamed ceilings. Two large windows with southern exposure flood the room with light all day. A thoroughly modern media center, complete with a 40” TV and surround sound receives French, Spanish and British satellite communications delivering the world to you in the comfort of your new home away from home. The TV screen doubles as a computer monitor with a wireless keyboard and mouse.

Second Floor (2 Bedrooms and Upstairs Bathroom)

THE BEDROOMS

Both large bedrooms have reversible air-conditioning and heating to keep you comfortable all year round.

The front bedroom boasts a large linen closet stocked with plenty of luxury towels and linens.

The rear bedroom is furnished with a queen size bed, roomy armoire, dresser, and side tables.

THE UPSTAIRS BATH

The spacious modern upstairs bath has a tub and an oversized shower.

AND JUST OUTSIDE YOUR FRONT DOOR is a friendly street scene complete with shops, cafés, open-air markets, theatres, small performance halls, parks and walking and biking paths. Let the vacation begin!