Why spend a fortune on a vacation home when you don’t spend the majority of your time there? Just think of how much it would cost to keep it maintained properly and how you could spend that money doing loads of other interesting and fun things on your holiday!
A timeshare vacation package is an ideal solution for anyone who wants to spend their money wisely while enjoying a beautiful vacation spot. However, before you go right ahead and sign any contracts, listen up! In this guide, we’ll highlight five qualities you should look for in any timeshare vacation package.
So, let’s get into this!
1. Is It Deeded?
A deeded timeshare contract is very much the same as the one when you buy a house. When you buy a house, you own it. When you sign a deeded timeshare contract, you own a part of the property along with the other timeshare holders.
So with a deeded type, you can sell your timeshare, rent it to others, and pass it on to your kids. That portion of the timeshare is yours to do with as you please for as long as you own it.
Here’s some advice about deeded timeshares from the Consumer Protection Division in the State of Georgia. Each state may have their own particular advice that you can look up.
2. Is It None-Deeded?
A non-deeded timeshare is like a lease. You have the right to use the property for an agreed-upon number of years.
Once your lease is up, it goes back to the true owner of the timeshare. This option may be more advantageous to people who don’t want to visit the same place for more than a few years. They can also be cheaper than deeded options.
3. Know the Costs Involved
When buying a timeshare, be sure to know all the costs that are involved before you sign anything. Some timeshare companies are good at hiding certain fees until after you’ve signed on the dotted line, so be aware.
Thus, make sure to ask for a clear breakdown of everything you have to pay. And, if it seems a lot, think about how much you will use the timeshare and how much you’d be saving from not buying a holiday home outright.
4. Look Online for Resales
Nowadays, you can search a vast selection of timeshares online. Plus, many people save loads of money buying a timeshare resale online.
Sometimes sellers are super-eager to sell their timeshare online due to financial problems or other similar issues. So, do your research and if a timeshare looks a good fit, why not make an offer?
5. Be Sure On the Timeshare Location
Remember, when you purchase your timeshare you need to make good out of it to get your money’s worth. If you end up not liking the location so much it’ll be a waste.
So, make sure to at least visit the place you’re thinking of getting a timeshare package in before you buy. And try to visit at the same time as when you would if you owned the timeshare. This way, you can gauge the mood of the place and the climate.
Finding the best Timeshare Vacation Package
If you wish to invest in and enjoy a timeshare vacation package, make sure to follow the tips we just mentioned. Do you want it to be deeded or non-deeded and do you know the costs? Also, check online for resales and choose the right location.
For more tips of this nature, check out our blog.
