|
The following
was copied from Timeshares Only:
- Chances are, if you are
reading this you either own or know someone who owns a timeshare property. You're not
alone! There are more than 4.7
million timeshare owners.
Timeshares are here to stay and with 85% of timeshares owners satisfied with their
timeshares you can clearly see that it’s a product worth owning. Yes, timeshare is
not for everyone, but there are some important things to know to help you get the most out
of timesharing or help you better understand its value.
The reasons to buy timeshare are numerous. The most obvious is the quality of
accommodations. The easiest comparison is to a standard hotel room, which usually contains
two beds and a single, cramped bathroom. Your living quarters will be tight, especially if
you travel with more than two people.
But with timeshare, for a similar cost you get one or more private bedrooms, a separate
living area, one or more bathrooms and also a kitchen. It’s like a home away from
home.
Timeshares are also located in some of the top destinations in the world. No matter where
you desire to vacation, there is sure to be a timeshare resort within reach.
All in all a very positive
review on Timeshare ownership. It is difficult to argue with the superior quality at most
Timeshare locations versus regular hotel rooms.
What it did not mention is the
cost to actaully own a timeshare unit. According to ARDA
the average cost for a timeshare unit is almost $20,000 per unit week. In
addition to that there is an average annual maintenance fee of $575 per unit week.
On top of that there may be Special Assessment fees, Reserve Replacement Fees and other
involuntary fees and charges. As a timeshare owner you actually own a piece of the
property, but you pay for it as well. So if the insurance premiums go up after an active
hurricane season, or the pool has sprung a leak, you pay!
Now with the Direct Resorts
software you can book the same Timeshare units at a fraction of the cost of ownership.
Some of these units are available at even less than the maintenance fee. How is that
possible?
Resort
properties and their developers do not always have 100% occupancy and owners at these
properties do not always use the inventory. As a result, this “excess inventory”
is made available on a limited basis.
|
|
