Great Timeshare vs Hotel opportunity
GREAT TIMESHARE
Great timeshare is unique as it is a home away from home for a week, or more. Hence when choosing a great timeshare needs just as much thought that goes into purchasing a home, is required for your timeshare investment. Therefore it requires research and planning. (adsbygoogle = window.adsbygoogle || ).push({}); A few things one have to consider when choosing a timeshare: Is it wise to invest in a timeshare? Is this type investment worth it? Or is it better to continue paying for your vacation stay at a hotel? Can you afford to make a deposit on a timeshare and make recurring payments towards the balance? These questions should be answered by each individual before making that decision.
In coming up with the answers one have to contemplate on the following: how many people will be travelling, funds available at the time, location, easy access to and from home to the location. do you have enough money to expend on purchasing a timeshare at this or pay a hotel for your holiday vacation? Timeshare versus Hotel
Paying a hotel vacation does not limit you a one hotel or just one week if your timeshare setup is for one week. Additional concerns: Would this finance be better spent in another type of investment? Is my return on investment on the purchase of a timeshare to accommodate my family and friends under one roof, greater than staying at a hotel in separate rooms? Does the cost of your annual holiday outweighs the cost of your timeshare over a number of years? Would this timeshare increase in value and what kind of rate of return on investment can be had if this timeshare is sold at a later date? How often will I use this timeshare? Does the timeshare offer an exchange options or do you have to stay at this timeshare each year? Having a timeshare and not using it or exchange it for another hotel can constitute a misuse of funds or sunk costs. RCI gives you the option of exchange points or weeks from your timeshare to another one, as well as exchanging them for airfare and cruises. Timeshare
Would you recommend other persons to use your timeshare? If you do what is your reward? Will the hotel offer you Hotel dollars? What is Hotel dollars? Hotel dollars are a form of gift voucher which can only be used at the hotel. Does this timeshare allow you to share it with your family? How many people can the timeshare sleep? Is it located close to fun activities, close to supermarket, shopping malls and restaurants? Is there a swimming pool, gym, games room and other amenities available at the resort? Maintenance fees There are costs which are not readily known up front. These are annual maintenance fees and charitable donations. These annual recurring payments are due at the beginning of each year. What are these maintenance fees? These costs are for the up keep of furniture and fixtures, fixing appliances, landscaping, paying staff for cleaning condominium etc. Some portion of the fees also go to the Condominium improvements. At any given time you can be billed a Special Assessment charge. This Special Assessment relates to a one off event such as a cost associated to a Hurricane which might have passed through the area causing damage to the building or surroundings. Timeshares are not a good investment if you are not going to use them. They do not appreciate as fast as other investments. However if cash is no problem and the total cost of your holiday with the entirely family exceeds the cost of maintenance fees, investing in a timeshare is for you. Over time the cost of the timeshare becomes sunk cost and you will still have a vacationing home for a week or two or more depending on the kind of timeshare arrangement you have. Choosing a great timeshare therefore is dependent on a number of factors and decisions the investor have to make. Being an owner of a timeshare allows you the flexibility of purchasing a ticket and heading out for a much needed holiday. Read the full article
