How to Make a Smart Timeshare Purchase?
If you love going on vacations so much then purchasing a timeshare is the best way for you to have the grandest vacations. Having a timeshare is a convenient way to go on yearly vacations without the hassles of having to book for reservation in hotels.
Timeshare is definitely for people with NO FINANCIAL problems and when doing it for the RIGHT reasons and under the RIGHT CIRCUMSTANCES it can be a GOOD THING.
BIG "NO,NOS" IN TIMESHARE:
*If you normally spend less than $100 USD a night for accommodations then timeshare is NOT FOR YOU
*It is not a financial investment
*Don´t buy if you plan to rent it
*Don´t buy if you plan on reselling
*Don´t buy if you plan on exchanging often
*Make sure you can afford to travel at least one week a year
*NEVER BUY FROM THE DEVELOPER
THE RIGHT CIRCUMSTANCES:
*This system makes vacation home ownership possible for many people who cannot afford a second home or who otherwise would not be able to enjoy such resort facilities. Timeshare is an investment in lifestyle, in future holidays, in family time together, and when viewed that way it can be a good investment indeed.
*Get it in an area the you LOVE and that you would visit every year without a problem
*Get it in a very nice Resort (where normally people would pay at least $200 a night)
*Get it in the resale market (it would cost you less than $1000 USD) so all what you have to spend is the maintenance fee.
HERE ARE THE NUMBERS:
$200 USD a night (in a decent resort) x 6 nights = $1200 USD
Maintenance fee in a NICE RESORT x 6 nights = $700
*Maintenance in a "decent resort" x 6 nights = $400
Smart Timeshare purchase is an OXYMORON! Ppl of little means have no business buying such frivolousness(sp)…
Why is it you sound like an advertisement?
If you go on vacation so much, why not buy a condo or place where you go often and then rent it out when you aren’t there as a vacation home?
Time shares are NOT a wise investment. Most educated people know this. Why do you think the classifieds for time shares are crammed? People realize their faux pas and want the heck OUT of it! Most will sell theirs for pennies on the dollar!
Buying a timeshare may be the single worst purchase a person or family can make, especially if they want to try to resell it in the future thinking that they can recoup some cost.
Timeshares are prepaid lodging cost that can only increase in level of expense through maintenance fees and special assessment fees.
One of the best ways to take advantage of them is to rent not purchase.
Times shares are good, but if you’re not looking for something long term, just a hotel will work.