The model of timeshares has drastically changed over the nine consecutive years that it has witnessed growth. Here are some reasons why you should consider getting a timeshare:
A timeshare costs less than a lifetime of vacations
Timeshares can cost more than thousands of dollars when you purchase them from a developer. The reason they’re expensive is that you’re buying a lifetime of vacations in bulk.
If you break down the cost of a timeshare against the cost of vacations over your lifetime, a timeshare will prove to be more cost-effective. As per ARDA’s estimate, a timeshare costs around $20,000 on average when you buy it directly from one of the best vacation clubs.
Timeshares come with maintenance fees that are necessary to take care of amenities like restaurants, pools, fitness centers, paying the employees, and the like.
You can rent out your timeshare
Besides, if you don’t use your timeshare ownership during a year, you can rent it out to pay your annual dues. Contact your resort to check whether they have an in-house program to rent out your timeshare or a referral program to help owners do this.
A Forbes article writer stated that banks don’t lend money for purchasing timeshares, and the financing options resorts arrange for come with higher interest rates. However, third-party timeshare financing companies are another option people can consider.
More space and privacy
If you stay at a hotel on a large family vacation, you have to book multiple cramped rooms to accommodate everyone. You must also keep tabs on which floor everyone is staying, which gets hectic when everyone is trying to get together. Moreover, having to split up with the family while on vacation is kind of a bummer.
Timeshare resorts provide one-bedroom, two-bedroom, and three-bedroom units and fully-equipped kitchens too. This allows the entire family to spend time together—they can cook a nice meal or get together on the couch to watch a movie.
These are some of the many reasons why you should consider getting a timeshare.