"Is buying timeshare right for me?" this has to be the million dollar question - the one, if answered successfully could help remove some of the bad reputation that timeshare resale has earned since the 1980's. This is not to suggest that all of the complaints surrounding timeshare are because they have been sold to the wrong people, but it is certainly a large part of it.
What is a timeshare good for?
Timeshare is a relatively inexpensive way of buying into a luxury vacation resort in the location of your dreams. Typically this will mean that you can return year after year and get that "home-from-home" feeling whilst getting away from it all. Of course, there is always the comparison drawn between timeshare ownership and the package holiday - typically most bargain package holidays can work out cheaper if you think of it in terms of "a week on the Costa del Sol", however, until you compare them on a like-for-like basis package holidays can seldom keep up. Most timeshare apartments are larger, have more luxuries and the resorts have many more amenities and activities for you to enjoy. If you buy timeshare resale instead of directly from the resort you can look to save up to 60% of the list price, making it cheaper still.
What is a timeshare not?
A cheap one-off holiday, pure and simple; timeshares are not that type of product, and if you are thinking of them in terms of the package holiday or something similar, then they're probably not for you. If you do want somewhere you know and love to return to every-year, somewhere you can get to know everyone and grow into the community, timeshare was made for you.
But doesn't that mean a Timeshare is not flexible?
It is true that some people feel that there is a lack of flexibility with timeshare, that they will just be stuck with it with nowhere else to go on vacation. Well, the idea that timeshares aren't that flexible is missing much of what you can get from different resorts and of course, exchange companies altogether. Exchange companies like RCI (Resort Condominiums International), II (Interval International) and Dial an Exchange all have systems where you can bank or trade in your timeshare week for comparable weeks at different resorts across the globe. In addition to this, many developers like Diamond Resorts International and Club la Costa also have points schemes where you don't have a fixed week, but rather the points to spend in one of the many luxury resorts throughout the year.
So is a timeshare right for me?
If you are looking for a way of taking luxury holidays in some of the world's top resorts and are aware of the financial commitment you are making with the maintenance fees then you can really get a lot from timeshare resale. The best thing you can do is do your own research on it and really weigh the pros and cons; thousands of people a year swear by their timeshares, why shouldn't you?
James Howson is a timeshare and travel expert with over a decade of experience reviewing top resorts. He owns several timeshare properties and can offer expert advice to those who may wish to buy timeshare.
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