There’s no doubt that timeshare travel is the way to go if you want to make the most of your vacations. With its fixed rates and annual maintenance fees that are pre-paid, it takes the guesswork out of budgeting yearly vacations and can help ensure you’re always on track for a great getaway. However, there are a few things to keep in mind before you jump into purchasing a timeshare property.
Timeshares can be a great option for families or friends traveling together. They can provide space for everyone’s needs and often come with resort-style amenities like pools, golf courses and kids and adults activities onsite. Compared to hotels, timeshare accommodations can save you money with their spacious, home-like rooms and money-saving features such as full kitchens.
If you’re considering buying a timeshare, it’s important to remember that the salespeople you speak with are in the business of selling. They’ll do everything they can to convince you that the property is a good investment, and the truth is that there are a lot of great deals on the market. But you have to be willing to do your homework and ask the right questions before making a decision.
Inflation is dampening many Americans’ desire for revenge travel, and prices are going up across the board – especially on flights, car rentals and hotel stays. But timeshare owners are protected from the effects of inflation because they’ve paid for their vacations upfront at a fixed rate.
If your timeshare is part of a club like Marriott, Wyndham or Disney Vacation Club, you can use your membership to exchange your week or points for other destinations. These exchange services allow you to travel the world and see new places without having to pay a single additional dollar in resort fees. If you’re worried about the costs associated with timeshare ownership, look for a used or resale property.
One thing to keep in mind is that your annual maintenance fees may increase due to inflation. These fees typically cover maintenance, cleaning and utility costs, so it’s a good idea to work them into your overall vacation budget each year. If you’re concerned, you can also ask your resort if they offer a fee cap and whether they’re adjusting their fees for inflation each year.
Timeshare travel can be a great option for your next family or friends vacation, but it’s important to do your research before purchasing. Educate yourself on the different types of timeshare properties and talk with a knowledgeable salesperson to make an informed decision. Also, beware of “timeshare exit companies” that claim to sell your timeshare even if it’s not completely paid off. If something sounds too good to be true, it probably is.