Millions of families have discovered that a timeshare can give them the freedom and flexibility to “own their vacation”. Whether it is a vacation to an exotic location, a historical landmark, or to enjoy your favorite outdoor activity, timeshares can provide well-designed accommodations with all the comforts of home.
Timeshares offer people the opportunity to own one week’s worth (a unit) of time during the year in a vacation home. Owning a timeshare can save you from paying higher future lodging costs, allowing you to have more vacation dollars.
There are many factors that affect timeshare prices, similar to the factors that affect the value of any other real estate. These include property condition, size, location and the time of year. Purchasing a used timeshare can be significantly cheaper.
There are other costs to consider, along with the initial purchase price. Many timeshare resorts charge shareowners annual fees for maintenance, utilities and taxes. These fees are due whether the shareowner uses the property or not. There may be other fees and they would be the responsibility of the shareowner as well. Check the terms of your timeshare contract carefully.
When timeshares began, over 40 years ago, they were designed for families who liked to travel to the same place every year. Timeshare plans have evolved and now offer choices for everyone. There are three basic plans generally available for getting the most bang from your timeshare buck. The three plans are Flex Plans, Point System and Timeshare Swapping. The Flex Plan involves a window of one or more months during which the shareowner can schedule their vacation each year. The points system is more flexible. Each shareowner has a certain number of points that can be used for different types of accommodations at different times of the year. This allows owners to alter their vacation plans from year to year. The Timeshare Swap is a simple concept of swapping your timeshare for that of another in a different location. But finding a willing trading partner can be complicated.
With today’s stress filled lifestyles vacation time is more important than ever. Timeshares may be just the thing that makes it easy to pack a bag and get out of town. As always, if you need help or advice, just respond to this post.
Comments(3)