The idea behind 21-5 is quite unique.
The purpose of 21-5 is not to sell vacation properties. Our mission is to find, purchase, renovate, furnish and manage vacation homes on behalf of our owner associations. 21 families co-owning five beautiful homes. It’s really that simple.
Having said that, it does takes a great deal of knowledge and experience to make it happen - to make it look simple.
This section aims to answer most or your questions regarding the 21-5 concept. If you have any further questions, please don’t hesitate to contact us
Browse through the menu on your left to learn more about the concept.
The concept - in a nutshell
We assemble 21 families in what we call an owner association and purchase five beautiful vacation homes on their behalf.
You will co-own the five properties with the other 20 families. Each family owns 1/21 of each of the five properties and equally share the costs. We, 21-5, do not own any ownership shares in the owner associations.
The individual owner associations are governed by a thorough contractual framework to ensure that all legal and financial matters are covered and clarity is delivered. The contact includes a detailed description of the 5 homes and the buy-in.
The vacation homes are not purchased until after the inauguration of the association. Subsequent to the inauguration, the 21 families transfer the funds to their owner association's bank account, and the property hunt and acquisitions begin.
21-5 ensures a stress-free experience because we not only find, negotiate and purchase the vacations properties, we also renovate, furnish and manage the homes. You don’t have to worry about dealing with local authorities, maintenance, cleaning, landscaping, owners association administration, etc.
Just arrive and enjoy your vacation.
No stress and real ownership
21-5 makes it easy to own vacation homes.
Our purpose is to eliminate the stress factors which are typically associated with vacation home ownership.
If you have owned a vacation home, especially far from your primary home, you know the work and worries that comes along.
That is why it’s such a relief for our families/owners that there is no hassle. The purchase, renovation, furnishing, administration and maintenance is taken care of by 21-5.
As expressed by our many owner testimonials; A turn-key no-stress ownership experience. All you have to do is enjoy your five beautiful vacation homes.
Some might initially think that 21-5 is a timeshare concept. It is not.
Timeshare typically evolves around hotel/resort units and vacation style, and most often you have no ownership. You merely buy time. Hence you only get value from your investment, when you actively use the resort units.
21-5 vacation homes are individual homes at the best locations that you own and therefore will benefit from their long-term marked value appreciation, even if you don’t use all the homes or don’t use all the weeks you have available.
This is why you can compare a share in a 21-5 owner association to owning a vacation property, except you own five beautiful vacation homes with 20 other families and have no administrative hassle associated with the ownership.
More bang for your buck
The 21-5 concept gives you much more bang for your buck compared to buying your own vacation property.
If you invest $795,000 in your own single vacation property, you will, hopefully, get a property that represents a $795,000 value.
However, if you invest $795,000 in a 21-5 owner association, you will co-own five vacation properties which, on average, represents a value of $3,339,000 each. Five homes which each are far superior in terms of location, size, amenities, furnishing, etc. than a vacation home acquired through a comparable investment.
21 families co-owning 5 vacation homes has turned out to be a sweet spot in terms of the right formula, as described in the section "We get the vacation weeks we want".
Creating new family traditions
Are the kids not so excited about family vacations anymore? 21-5 gives you the ability to gather the family in new and amazing surroundings.
The five vacation homes in a 21-5 owner association is a fantastic setting for quality time with your family. Many of our owners/families have created some unparalleled family traditions evolving around their vacation homes and locations.
All our homes are created with families in mind; from fold-out beds, to high chairs, to fast internet, etc.
Making a positive difference, in terms of our families quality of life, is key to what we do.
As a 21-5 owner you have your 5 beautiful vacation homes to enjoy all year round.
But because we have bought, renovated and manage more than 100 properties on behalf of our owner associations, there is also a fantastic opportunity to significantly expand the number of homes and destinations available to our owners.
Introducing our Exchange Program. You will be able to simply swap one or more weeks in one of your 5 vacation homes with one or more weeks in a vacation home owned by another 21-5 owner. Simple, easy and giving you access to amazing vacation homes and destinations in North America and Europe.
For instance, a week in your Hawaiian vacation home for at week in another 21-5 owner’s villa in Tuscany - or an apartment in Paris, or a house in the South of France, or a ski chalet in Chamonix, or a house in the hills on St. Croix, etc. Or maybe you need a larger vacation home for a specific family event, or a smaller home for that you-and-me vacation.
There will be no money exchanging hands - except the cost of utilities and cleaning related to your stay. You trade a week for a week.
The homes have all been found and renovated by 21-5, so you know that location, layout, furniture, look and feel live up to the high standards you are used to from your own 21-5 vacation homes.
Because it’s only 21-5 owners who can swap homes, you can rest assured that your vacation homes will be taken good care of.
We plan to launch the Exchange Program in 2021.
The owner association has its own private member site.
All owners, and the 21-5 administration, have secure log-in access.
The member site contains a description, including photos, of each vacation property and all the associated documents, for instance annual financial statements, budgets, minutes of annual general meetings and council meetings.
The member site also functions as a communications platform between the owners, for example recommendations re. local restaurants, things to do, etc.
The most important feature of the member site is the owner association’s booking system which is available 24/7.
How do we join?
Just as we encourage you to evaluate the concept, the people and track record behind 21-5, we will also evaluate the owners/families considering to be a part of an owner association.
It’s difficult for us to set objective evaluation criteria, so we take our time to meet with each potential family. Not only to answer any questions, but also to gauge if the right fit is there for a given association. We want to make sure that all owners understand the benefits, responsibilities and compromises and, not at least, are trustworthy individuals who will take good care of the vacation homes and their owner association and responsibilities.
When a new owner association is launched, we produce a brief which describes the association, the vacation properties, the finances, etc. The brief can the obtained from 21-5.
Next step is for us to meet face to face. We suggest that we sit down for a cup of coffee. It’s an informal opportunity to get to know each other and discuss the 21-5 concept.
Subsequently, should you wish to proceed, we will send you the contractual framework for you to read and sign. The signed contact is the ticket to the inaugural meeting. At this point you are not yet committed to join the owner association.
When at least twelve owners/families have signed the contractual framework, we will hold the inaugural general meeting, where everybody will get a chance to meet each other. All the participants will introduce themselves and the founding charter is signed.
You are now officially a member of the owner association and the 21-5 team will begin the search and purchase of the vacation properties.
The funds from each family due one to two weeks after the inaugural meeting, and the money are placed in the owner association’s own bank account.
Should you, unexpectedly, at the inaugural general meeting get cold feet and change your mind, you simply don’t sign the founding charter, tear up the contractual framework you’ve signed, and walk away without any financial or legal commitments. So far, we have never seen this happen.
Click here for owner associations currently available.
How do we sell our ownership share?
Before investing in anything, the exit options should be considered. This is obviously relevant for investment products, but also when it comes to primary or secondary homes, and shares in a 21-5 owner association.
Over the years, we've been very happy to see that the re-sale of 21-5 ownership shares have sold quickly and with an average appreciation of over 50%. Such appreciation is obviously not guaranteed going forward, but it's been a reflection of well-kept and attractive vacation properties in desirable locations, well-managed owner associations, and a general positive market development.
Re-sale of our ownership shares has turned out to be attractive for two reasons:
1. You can see the 5 homes as they've been purchased, renovated and are in operation.
2. You can book and stay in your vacation homes immediately.
So far, as of spring 2020, we've had around 50 re-sales.
We will take care of everything in relation to a re-sale. From finding a new family, to all the administrative work.
It's an important part of the 21-5 concept that you'll be able to sell your ownership share, should you wish to do so down the road.
Based on your sales data, we expect about two re-sales per owner association per year. Re-sales has become an integrated part of 21-5 as we've grown over the last decade.
Termination of an owner association
A 21-5 owner association can decide to terminate itself whenever it wants.
There is no time limit on the existence of a 21-5 owner association. No exit strategy. A 21-5 owner association is established primarily to bring joy to the life of the owners, not to be an investment vehicle. As long as the owners/families are happy, there shouldn't be any reason to dissolve it.
However, the contractual framework takes into account that should the owners wish to, they can decide to dissolve their owner association.
Following a decision to dissolve, the five vacation properties will be sold and the net proceeds will be evenly distributed among the 21 families.
The reasons why
There are many good reasons why a share in a 21-5 owner association makes sense.
Much more bang for your buck. Every property represents a value of roughly four times your investment, and you will co-own five! You will get much more value compared to buying your own comparable vacation property.
No hassle. You won’t have to worry should a water pipe burst or a roof tile falls down. You have a professional support system in place to take care of your vacation homes.
You are not tied to one place. With a share in a 21-5 owner association, you have five beautiful vacation homes at five wonderful locations at your disposal.
Spoil your family and close friends. Give them a week in one of your five vacation homes, since you probably won’t use all the weeks you have available every year.
No financial liability. All the properties are purchased in cash to avoid any financial liabilities.
Good deals. The 21-5 team have the experience and knowledge to find and purchase vacation properties at price points you most likely would not be able to get on your own.
Added value through renovations. Our track record shows that our meticulous quality renovations have added significant market value to the more than 100 vacation properties we have purchased and transformed for our owners/families.
Win-win. Because of our prudent purchase skills and tasteful renovations, we have added more market value for our owner associations than the associated costs. A real win-win scenario.
“For us, 21-5 is unique because for the price of an ordinary vacation property, we are able to co-own five amazing homes with first-rate locations around the world. We really feel at home every time we are on vacation and there is no hassle like we would have, if we had to take care of it all on our own.”
– Annette Banke & Niels Hermansen
“It makes so much sense to me that I can share my vacation homes with my family and friends, besides sharing them with my like-minded co-owners. 21-5 finds the most beautiful locations and transforms the homes with such great taste and care. This, combined with a professional and friendly property management, makes 21-5 the optimal vacation home concept for me.”
– Pernille Foss
“Our expectations were very high when we decided to join the 21-5 concept. Well, they’ve all been meet, and more so. We love having five vacation homes with no worries. Each of the homes are a gem. The locations are fantastic, the furnishings and decor are spot on and everything just works. A great bonus is the 21-5 team, always nice, engaged and incredibly professional.”
– Lise & Jacob Struckmann
“We don’t want to be tied to a single location. With 21-5 we have the freedom to choose, and we have all the joys of ownership, but none of the hassle - it’s excellent.”
– Lotte & David Holm
“The five vacation homes in our owner association have different themes and therefore perfectly covers the vacation needs of our family for - city, sun, hiking and skiing.”
– Lise & Jesper Nerlov
“The variation among the vacation homes, their destinations and thereby the experiences are completely unique.”
– Niels Korsholm
"We got five great vacation homes in five fantastic locations, that we can share with our children, family and friends. Together with our co-owners we have homes that by far exceeds the quality we could have hoped for if we had bought on our own. We so enjoy that 21-5 takes care of the practical stuff, and we also like that our vacation homes are being used most of the year. It was a big decision to join an owner association, but 21-5 has all the way delivered as promised - great homes, professionally run renovations and top notch service. 21-5 has certainly lived up to our high expectations!"
– Ingrid & Klaus Harbo
"We spent a long time looking for our own vacation home but could not find the right place at the right price. With 21-5 we have achieved a much higher vacation home standard five places around the world giving us much more flexibility and no hassle."
– Lene & Danny Feltmann Espersen
"SCEPTICAL??.. we were. But 21-5 has fully lived up to their promises, and more so. It's a fantastic concept that we can highly recommend to anyone who dream of having five beautiful vacation homes in great locations."
– Gitte & Hans Gotke
The 21-5 concept is a simple and brilliant idea that makes so much sense. Especially when the idea is brought to life, as we've seen, in such an exellent way by the company's staff and executive team.
– Karen & Knud
To participate in a 21-5 association is by far one of the best decisions we have ever made. It has brought us joy and wonderful experiences from the day we signed. Even on an everyday basis it brings us joy just thinking about the 5 fantastic homes we own...
– Bente & Per
We absolutely love our wonderful homes on 5 very attractive destinations. It is an incredible solution because we feel at home in each of the properties at the same time we are avoiding all the hassles and worries that comes with ownership. 21-5 takes care of everything in a very professional and dedicated way....
– Helle & Carl
We are impressed by 21-5's ability to locate the unique locations. All our 5 homes are so wonderful and we would never have been able to find this level of properties and explore the opportunities in them like 21-5 does. The 5 homes have been renovated and filled with gorgeous interior and exterior design which we enjoy to the fullest...
– Anne Marie & Niels
We are so impressed with the dedication and skill with which we have been met by the 21-5 team. Joining 21-5 DK2 is the best decision we have made in many years.
– Bente & Sven
It is very special and joyous to be able to offer friends and family vacations in the wonderful 21-5 homes on beautiful destinations. I am thinking that it must be great for the team behind 21-5 to have SO happy customers. I believe that this concept will become a big and widely popular in the market.
Immediately, we knew 21-5 was something for us. We love to travel and are really happy about the sense of true ownership of each property we have. The 21-5 homes absolutely surpass our expectations, the concept works flawlessly and we are very happy to being a part of 21-5.
– Susanne & Snaebjörn
We are so happy that we said yes and joined 21-5!
– Elisabeth & Kurt
We never regretted joining 21-5. We have gotten much more than we had ever expected. Thank you to the entire team for the second to none service we have received in all of the possible and impossible situations which have arisen. We can only and wholeheartedly recommend 21-5.
– Tine & Elo
We heard about the 21-5 concept the first time from some of our good friends who had read an article...immediately we got excited and only a few weeks later we attended one of 21-5's information meetings in our area. The 21-5 company, with their super charged and always friendly and responsive team has made the 5 beautiful vacation homes the perfect spoiling gift to us and our children.
– Nille & Bo
We are very satisfied having joined 21-5. What we are talking about here is awesome properties on the best locations and homes which are so cozy. We enjoy taking family and friends with us when we visit. We experience a high level of service from the 21-5 organization - no matter who we talk to. We have no concerns as 21-5 handles any challenge. Besides, the acquisition price was very attractive - so far it has also turned out to be a great investment.
– Berit & Leif