Are timeshares right for you?
Everyone dreams of having a vacation home in an exotic location where they can escape from reality. However, the demands of owning and maintaining a foreign property can be enormous, which is why many people choose the timeshare route when looking for a vacation home.
Instead of buying an entire property, buying a timeshare allows you to purchase a share of a specific property. By purchasing a week per year of a certain property you are buying the rights to that property for the specified amount of time.
Most timeshare investors buy one week a year, but you can opt to buy additional weeks to use consecutively or you can break them up over the course of the year. Of course, your life schedule is not predictable from year to year, so if you are unable to use your timeshare for a given year you can always rent it out to someone else so that your investment is never wasted. Before investing any money in timeshares, you should really think about the pros and cons of buying into one and the options involved for purchasing.
Timeshares are great for people who know what they want. If you frequent the same vacation spot every year, why not purchase your vacation time in advance so you are guaranteed a vacation every year at your favorite spot? For some, it can become tiresome to go to the same property year after year, which is why select timeshare companies allow you to trade in your week for another week in a different location. For instance, instead of going to your condo in Barbados , you could choose to spend a week in another timeshare location in the Greek Isles.
Resorts own most timeshares. Typically, a resort will purchase land and build either condominium or house-style units. The resort will then sell shares of the units to individual consumers. Depending on the resort, you can gain full access to all of their amenities and perks while staying in your timeshare. However, make sure to do your research before making a purchase. For example, if privacy is important to you, visit the property first to make sure the location is secure and that you can enjoy the lay of the land without worrying about onlookers.
As you know, there are many other options besides timeshares to get away for awhile. Fractional ownerships are becoming very popular, particularly fractional jet ownerships and timeshare cruiseliner cabins. Plus, if you like to go to different areas of the world every year then you may want to try different luxury resorts. For extended periods villas, apartments and farmhouse rentals are a great way to explore new destinations. There are many ground tour options available wherever you go and however you decide to do it.