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Timeshare Information for Buyers
Timeshares have become well known throughout the vacation industry as convenient and affordable accommodations. Some might call them by their miss-spelled name time share, or timesharing, or they may be known as vacation ownership, or vacation clubs. Whatever way you decide to call a timeshare there are some important facts you should know before you purchase or rent timeshare on your next vacation.
Timeshare Vs. Hotels
Without doubt the number one reason you should consider timeshare ownership or rental is that they offer many more times the amenities and space a hotel room can offer. When you average the cost out from buying your meals, and trying to pack enough clothes so you don’t have to worry about laundry mats, to how is everyone going to sleep in the single hotel room you will quickly see timesharing is the easy answer to a comfortable family vacation.
Listed below is a comparison to your average hotel room verses your average timeshare accommodation.
Standard Timeshare Suite Features:
· Multiple rooms, including:
·
· One, two or three private bedrooms
· Private master bath
· Living area, including:
·
· Convertible sofa bed
· Cable television with DVD player
· Balcony or patio
· Additional bathroom(s)
· Fully-equipped kitchen or kitchenette, including:
·
· Refrigerator (or mini-fridge)
· Coffeemaker, microwave, stove/oven
· Utensils, dishes, pots, pans, etc.
· Separate dining area (some units)
· Additional features:
· Washer/dryer (some units)
Standard Hotel Room Features:
· Single room, including:
·
· One or two beds
· Adjoining bathroom
· Cable television and DVD player
· Closet and dresser
· Coffeemaker and/or mini-fridge
· Couch/chairs/table (some rooms)
· Iron/ironing board (some rooms
Timeshare Have Come Along Way
History of Timeshare
When the industry was just starting, timeshare resorts where converted from condominiums, old hotels, and apartment complexes. Today timeshares are well designed for the function of being “timeshares” and not converted buildings. These resorts are being designed and engineered specifically for a vacation ownership property to attract those wishing to purchase a lifetime of vacation dreams. Most vacation ownership units have two bedrooms and two full baths however three bedroom/three bath and one bedroom/one bath units are also available. Resorts usually include all of the amenities and facilities you’d expect of a full service vacation resort including large refrigerators, dishwashers, microwaves, terraces, balconies, hot tubs, VCR’s, stereos and the list keeps on going. Simply compare the difference we listed between a basic hotel room and a two-bedroom timeshare and you will be convinced of the value.
Value and Choice
There are many different types of vacation ownership products available on the market today, but these can be divided into three main categories:
· Traditional timeshare ownership
· Fractional ownership
· Points-based ownership (RCI Timeshare)
Primarily, timesharing refers a method of use and ownership of a titled/deeded piece of real estate for a period of time.
Also available is a vacation club membership, which refers to a travel and use product. Consumers basically purchase points that represent an “exchange of value” to the resort. This type of membership is flexible because of the fact that it is not tied to a specific week, unit, season or unit size. But many point plans sacrifice deeded real estate protections for the owner. Another popular feature regarding vacation ownership products is the option to exchange a week at your home resort with a week at a different resort. This allows you to vary your vacation from year to year. There is also the option for an internal exchange, which allows a vacationer to exchange a week at the home resort for another week at their home resort. If you have any further questions concerning timeshares call our office and speak to an experienced timeshare expert.