Saturday 27 September 2014

Value of Timeshare Resales: Pros and Cons

Pros-
Buying a timeshare resale makes more economical sense than purchasing a vacation home. A timeshare is your guarantee. Instead of spending your money on booking extra hotel rooms, save your money and time by simply settling with a timeshare. Some timeshare companies even allow you to rent out properties other than yours, provided you own a timeshare with that company. You can rent out your unit or other units, your assigned time slot or other time slots. While timeshares are not investments, time share resales could be.

Cons-
Worldwide Resort Resales are not the original timeshare properties, so they may need more maintenance sooner rather than later. Most timeshares already have high maintenance fees. Maintenance fees can rise every year. Many people who buy a time share forget about the yearly cost of the maintenance fees.

Also, your timeshare company may not have a high timeshare exchange pool on its own, and may not participate with any other timeshare exchange company to swap time shares.

A timeshare means commitment. While the cost of most timeshare resales is much lower than the original timeshare cost, the commitment is still required to pay this cost upfront and the maintenance fees every year.
Timeshare resales can be bad investments.