Is It Wise To Purchase A Vacation Timeshare?

by : Ranju Kumar

When buying a timeshare many people are confused with one a question. Does it make economical sense or does it make sense at all to buy a timeshare? Well the answer can be both yes or no depending on who is buying and for what reason it is being purchased. In this article we will converse about why it makes sense to buy a timeshare. One of the most customary answers could be that you own it, but when you lease something you do not own it.

Timeshare industry has grown by leaps and bounds since its beginning in this country and many ideas that people had earlier have been clarified. Timeshare is no more a undersized business. Big hotels and resorts are into timeshare business now. It is estimated to be a Five billion dollar a year industry globally and just about two million Americans have timeshares. You might be wondering what interested so many people in America alone to timeshares. Here are some causes.

To stay in a hotel consider you pay rent. The amount you pay as rent for staying in a hotel for a week is supposedly $900. If you think about a period of 30 years, multiply the cost of living in a hotel for 30 years with $900. It will be $27,000. You pay out that much amount and only get a suite with only a bathroom. Now consider this, if you buy a timeshare for $10,000 which has a maintenance fee of $450 annually. The cost for 30 years will be $10,000 plus 450 multiplied by 30. The answer will be $23,500 which is $3,500 less than renting a hotel suite.

But here is the appealing fact. You still get to own your timeshare property which will earn some money if not the actual price. So your total expenditure on your vacation will be way cheap than renting a hotel suite. Then who can ignore the comfort of a home in a timeshare property. A classic timeshare unit has two or three bedrooms, more than one bathroom, a kitchen, a laundry room and a pool plus not to forget all the resort amenities.

Found the logic now? You must have, for the reason that it also saves you from the trouble of planning your vacation each year because now you know when you have to go in turn offering you a certain vacation every year.

Large families and friends can accommodate how many hotel rooms? With a timeshare vacation you can call who ever you want and can host reasonable size get-togethers. A timeshare is like money lying safely in your bank. You can sell it whenever you want. Not just that if you buy a deeded plan, the timeshare gets inherited to your heirs also.

Evaluate the timeshare with buying a vacation home. You don't have to worry about repairs and maintenance also. The management company will take care of everything. You just have to pay the maintenance charges for that. But what a satisfaction, you can live like you are living in a hotel and still get a feel of your home and have to do nothing.

Apart from these profits, timeshare companies offer you so many discounts like bonus weeks, discounts on airfare, car rentals, attraction tickets, restaurants and much more.