A timeshare vacation
A timeshare is a type of vacation club that grants you, along with other club owners, the rights to use a property once a year, usually one week, every year for the same period of time each year. (ie January 1st to 5th) Owning a vacation club or timeshare may be good business for some, but it is definitely not for everyone. There are many questions you may want to consider before signing the dotted line, they are:
* Do you really want to come to this resort every year at this time of year?
* Can the timeshare be given away or rented?
* Can you pay the annual fee and will overtime increase?
* What about personal property taxes?
* Could you spend your money more wisely elsewhere than at a timeshare / vacation club?
After answering these questions, it’s time to do your due diligence regarding the different types of timeshares on the market. There are many benefits to owning a timeshare besides knowing that you have a relaxing resort waiting for you every year. You typically get spacious vacation conditions like a one or two bedroom condo with a full kitchen with dishes and silverware, stove, oven, microwave, dishwasher, living / dining room, TV with DVD player, and washer and dryer. . All the comforts of home, including the ability to save some money on home cooking instead of going out to expensive dinners every night on vacation.
Also, many vacation clubs own multiple units in different exotic locations. That allows you the option to experience different landscapes around the world during your vacation.
However, there are many critics of the timeshare industry. Affirm that:
* Timeshare units are overpriced.
* There are increasing maintenance fees.
* There are personal property taxes that must be paid.
* Property value does not increase.
* You must pay the above rates regardless of whether you can use the assigned schedule or not.
To sum up the timeshare / vacation club experience. Timeshare can offer an exciting, fun, and relaxing annual vacation, sometimes in different exotic locations. They offer cozy home like rest / sleep arrangements that can be far superior to many hotel / motel stays and allow you to prepare your own meals. In addition, they can be given away or rented according to the terms of your contract. Always do your homework before committing to a vacation club.