A 2017 report published by the American Psychological Association shows that taking a vacation has enormous mental and physical health benefits.
They highlight that people who don’t take vacations are more prone to heart attacks. Meanwhile, those who vacation regularly experience lower stress levels and depression.
So, it’s vital to plan vacation time as part of a healthy lifestyle.
If only there was a way you could commit to vacationing somewhere wonderful in advance and then pay off the related expenses monthly. Well, that’s exactly what the timeshare industry promises.
Is timeshare ownership just the fix you need? Find out why it might be, here.
You Save With Timeshare Vacations
If your idea of a great vacation is camping or RVing, timeshare vacations won’t save you any money. Yet, if you prefer self-catering accommodation in some of the country’s hottest tourist destinations, you’ll save a lot with this type of vacation.
The main benefit of owning a timeshare is that it gives you an advantage over inflation. Sure, your annual fees will increase in line with inflation, but the major cost of your purchase doesn’t.
These fees pale in comparison to ever-increasing rates for renting equivalent space in these prime locations. According to the American Resort Development Association, the average costs associated with a timeshare are:
- $19,000 for the share
- $660 in annual maintenance fees
With additional costs, you’ll pay around $1,000 per year for your timeshare interest. According to USA Today, the average room rate is currently $139.84 per person, so that works out to $1,957 for two people over seven days.
Remember that most timeshare accommodation caters to four people. So, families who vacation every year and who can afford the monthly repayments will enjoy substantial savings over the lifetime of their vacation product.
There’s no doubt that timeshare is expensive upfront, with ongoing annual dues and fees to pay, too.
Yet you don’t have to pay top dollar when you purchase your initial timeshare product. You can also enter the world of timeshare vacations via deeply discounted high-end timeshare for sale via Marriott, HGVC, and DVC listings.
Finally, there’s the convenience of paying a small amount toward your vacation every month instead of having to scramble for cash at the last minute.
High-End Vacation Options
With few exceptions, there’s no comparison between a timeshare vacation property and a hotel. When you stay in a timeshare condo, you’ve got more space, the option for self-catering, and freedom from meal-time restraints.
You can fully explore your surroundings or take advantage of the numerous onsite facilities offered by top timeshare resorts. These include:
- Fantastic swimming pools
- Onsite restaurants, bars, and coffee shops
- Plush spas
- Game rooms and play areas for children
- Daily entertainment programs for guests
With a full kitchen at your disposal, you can sample local ingredients, cope with fussy eaters affordably, and limit how much you spend on dining out.
Parking areas, in-room washers, and dryers, and weekly or daily cleaning services add to the savings and convenience of staying in a timeshare apartment.
Timeshare resorts don’t rely on bookings to pay the costs of running their resorts, the owners share the costs. They also have the benefit of buying furniture and other fixtures in bulk, so you get more bang for your annual fees.
As such, most timeshare accommodation features high standards of interior design and good quality finishes.
When you stay at accommodation run by a particular hotel group, you know what standards to expect from that brand. The same applies to timeshare brands, except they have a lot more resorts in their portfolio.
Importantly, timeshare resorts occupy sought-after locations in prime spots. When you own a timeshare you’re almost guaranteed to find accommodation in these areas if you book early enough.
Timeshare Ownership Is Flexible
When timeshare first came to light, owners were bound to the same vacation getaway every year at the same time.
The timeshare vacation industry has evolved a lot since then. Nowadays, you have the following flexible options when it comes to vacationing this way:
Owning a fixed week timeshare doesn’t limit your options. You can trade your week with various vacation exchange organizations and vacation at an equally-rated resort anywhere in the world, anytime you choose.
When you buy a Flexi week, you can choose to occupy your timeshare interest during a range of weeks per year, provided it’s in the same season. That means you could enjoy flexible vacations during quieter times when popular destinations aren’t as crowded.
These are the most versatile vacation products of all. You don’t need to pay any extra fees to exchange companies when you sign up for these products. You can vacation anywhere in the portfolio owned by your club if you have enough points to do so.
Likewise, you can save up points for later use, or borrow from the next year. These products work well for families who choose to vacation every alternate year or take shorter breaks more often.
You Can Get Some of Your Money Back
If you decide to sell your timeshare, you’ll get a lot less than you paid for it. Yet, it’s important to remember that the real value of these products lies in the holiday savings you’ve already enjoyed.
Unless you own a timeshare at a sought-after resort, you might have trouble selling it quickly. In these instances, you can rent your weeks to other owners, or the public.
This helps you recoup some costs associated with your timeshare interest.
Final Thoughts on Timeshare Ownership
There are drawbacks associated with timeshare ownership, but most of these relate to long-term affordability.
Do your homework before you sign up and make sure you can afford it. If you can, there’s nothing to stop you from enjoying all the benefits mentioned here.
Are you eager to discover more surprising facts? Browse our website for information on a wide range of topics.