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Three pitfalls of owning a timeshare

By committing to reducing vacation costs and owning our own “property”, we know how easy it is to treat timeshare ownership as a good investment. Vacationers like timeshares because they can easily choose the location, room size and number of days to stay, but they can also use these features when registering for a travel vacation club. When choosing an investment object, it is always wise to compare the benefits of two different options. In this case, in addition to actually owning part of the property, the vacation club also provides most timeshare services to provide reasonable prices. price.

Let’s look at the timeshare aspects that need to be considered before actually investing.

Most timeshares require upfront investment.

Getting a timeshare may be equivalent to actually buying a portion of the property, which is an argument used by others to rationalize the large amount of money you have to spend when buying the property. In exchange for the thousands of dollars you need to board the ship, you will have the opportunity to travel on business. However, you must also consider that since this is an investment, you will invest money in time-sharing. In addition to this initial payment, you must also pay annual membership fees, maintenance fees and other expenses, which can still add up to hundreds of dollars in total.

Some timeshares are difficult to resell.

Tourism is a tricky thing, and it is even trickier in the world of timeshare. What has emerged earlier is that the investment is usually locked within a certain period of time, and the possibility of resale is small. It may be because not many buyers know that they can take advantage of the timeshare sold twice, but also because not many people are willing to invest in uncertain things. The question that came to their minds was “Why do you want to resell it?” Either “Like you, will I be another investor looking for a new buyer for this timeshare in a few months?” There is also the obvious fact that you rarely have the opportunity to resell the timeshare at the same price as when you bought it.

There is a risk of difficulties when booking.

The idea of ​​a timeshare is that you and several other co-owners have a point in the property each year. Therefore, you can already imagine how difficult it is to exchange or trade with other owners for a few weeks. This is not like booking a room in a vacation club, where there are many types of accommodation to choose from. Sometimes, you finally end your trip because the property you want to stay in is not available at the most convenient time.