Are you thinking of buying a timeshare? While the advantages far outweigh the disadvantages, it is worth taking a look at both the pros and cons of purchasing a timeshare.
The financial pros of buying a timeshare come from the fact that you pay a set amount for your timeshare unit at today’s prices and then enjoy it for years to come. It is as though you have frozen the cost of your future rentals. It doesn’t take long for you to make back the money that your spent initially, making timeshare a solid investment. The cons arise if you do not plan on taking a regular vacation, then it will take you longer to see the financial benefits of buying a timeshare.
The kinds of accommodations offered as timeshare properties are usually very generously proportioned with most having kitchen facilities and living rooms. The spaciousness of the timeshare accommodations is a clear advantage, particularly for families who can save money by having space for everyone in one unit.
When you buy a fixed timeshare week, you are guaranteed the dates that you have purchased and therefore you do not have to fight over accommodation during the school vacations or special holidays. While this is a pro for most people who have the same week for their vacation every year, more spontaneous people might see this as a con and have to join a vacation club to ensure that their timeshare becomes as flexible as they are.
Timeshare companies are renowned for building their complexes in the most popular destinations, which not only helps to secure your investment for the future but also makes your timeshare unit easy to rent, should you so wish. This is a definite advantage, as owners get to vacation in some of the best locations, however, it can become a disadvantage if you want to go to a different place every year, although a vacation club would provide a simple solution.