Contrary to the opinion of timeshare cynics, fractional ownership can be a great investment and a wonderful way to vacation regularly. When making any investment, it is important to consider the advantages and disadvantages of your purchase and to seek advice from an expert. Here are some tips to make sure you timeshare experience is a success.
Think Carefully About the Destination
Location, location, location! While most established timeshare companies have already done the hard work for you in choosing a site for their resort, it is important to consider the location of your timeshare. Nowadays fractional ownership programs are more flexible and allow for easier swaps, but you still need to think about the possibility of returning to the same resort in 10 or 15 years time. The perfect timeshare would be one in a location that still has potential yet has the essentials in place: beautiful surroundings, restaurants, activities for all ages. Only you know what you want from a vacation, so take the time to think about what you want.
Another important element is getting to and from your destination. Check out flights and their frequency. When traveling with small children, direct or shorter flights become a significant consideration and could be the difference between you taking full advantage of your timeshare or not.
Choose a Renowned Timeshare Operator
You can save yourself a lot of time, money and drama by opting to buy with a recognized timeshare operator, and preferably one that has years and experience behind them. Not only are they experts in designing resorts that deliver in locations that won’t go out of fashion, but they also have a reputation to uphold and are more careful about regulating their sellers and agents. Statistics suggest that the source of the majority of negative timeshare experiences is from contact with small or emerging companies who have not fully secured their investments and overheads.
Buy Within Your Means
The entry level prices of today’s timeshares are generally very affordable, but remember that only you know your financial stability. Purchasing a property that will be impossible for you to keep up the payments and maintenance fees is one sure way to head for a timeshare nightmare. Calculate what you can afford carefully, taking into consideration that your financial situation is likely to improve in the future but remain realistic. Explain your economic circumstances to the seller so that he or she may find the right timeshare for you that will not put you at financial risk.
Use your Timeshare Regularly
Finally, the best way to take full advantage of your timeshare investment is to use it regularly. That may sound like common sense (it is) but a typical complaint is that the property is underused. Whether you lend or rent it to friends and family, make a concerted effort to vacation every year or join a vacation club that allows you to swap and exchange your dates and locations. The only way to enjoy the fruits of your investment is to use it. What are you waiting for?
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Timeshares are one of the best-selling products in the hospitality industry. There are thousands of units available and millions of people have bought one. However, timeshares have been hardly criticized due to the high-pressure tactics that are used by the salespeople to sell the properties. To improve their reputation, many timeshare companies, along with some travel agencies, have launched in the market numerous timeshare deals and vacation packages in order to attract new prospect buyers.
Don’t let yourself get carried away by fake promises made by the salespeople. Consider all of the timeshare myths cautiously before putting your hard-earned money at stake. Know all the risks that owning a timeshare involve, as well as the terms and conditions established in the contract and your cancellation rights.
The worst you can do is taking a rush decision without giving it much consideration. Be able to identify timeshare lies said at timeshare presentations and don’t let yourself dazzle by them.