Should I buy a timeshare?

“Should I buy a timeshare?” This has to be the million dollar question: the only one that, if answered successfully, could help eliminate some of the bad reputation that timeshare reselling has earned since the 1980s. This is not to say that all the complaints about timeshares are because they were sold to the wrong people, but it’s certainly a big part of it.

What is a timeshare for?

Timeshare is a relatively inexpensive way to purchase a luxury vacation resort in your dream location. Usually this means that you can come back year after year and have that “home away from home” feeling while getting away from it all. Of course, the comparison is always made between the timeshare ownership and the vacation package; However, most bargain vacation packages can be cheaper if you think about it in terms of “a week on the Costa del Sol”, however, until you compare them. On a comparable basis, vacation packages can rarely keep up. Most timeshare apartments are larger, have more luxuries, and resorts have many more amenities and activities for you to enjoy. If you buy timeshare resale rather than directly at the resort, you can save up to 60% off the list price, making it even cheaper.

What is not a timeshare?

A unique and cheap vacation, pure and simple; Timeshares aren’t that kind of product, and if you think of them in terms of bundled vacations or something similar, they’re probably not for you. If you want a place that you know and love to return to every year, a place where you can meet everyone and grow in the community, timeshare is made for you.

But doesn’t that mean that a timeshare is not flexible?

It is true that some people feel that there is a lack of flexibility with timeshare, that they will simply be stuck with nowhere else to go on vacation. Well, the idea that timeshares are not that flexible lacks a lot of what you can get from different resorts and of course from exchange companies. Exchange companies like RCI (Resort Condominiums International), II (Interval International), and Dial an Exchange have systems where you can bank or exchange your timeshare week for comparable weeks at different resorts around the world. In addition to this, many developers like Diamond Resorts International and Club la Costa also have point schemes where you don’t have a fixed week, but points to spend at one of the many luxury resorts throughout the year.

So is a timeshare right for me?

If you are looking for a way to spend a luxury vacation at some of the best resorts in the world and you are aware of the financial commitment you are making to maintenance fees, then you really can get a lot out of timeshare reselling. The best thing to do is do your own research and really weigh the pros and cons; Thousands of people a year swear by your timeshares, why shouldn’t you?