business, money

Fractional Vacation Ownership: Strengths and Disadvantages

Rising ever more popular since its beginning, and now more than ever because of all the special advantages, is the business of vacation ownership. 

With many benefits to vacation and leisure enthusiasts, more and more travelers cannot withstand joining the increasingly popular trend of possessing a timeshare. Nevertheless, just like the saying “you can’t please everybody”, timeshare isn’t for everyone. Notwithstanding its growing industry, some would rather keep it safe in the curb instead of risking thousands of dollars in having shared homes that are located very far from home, and which they might not make the most of.

And while all of us wish to have that worry-free fantasy vacation that the industry claims, we must always keep in mind that there are inevitable benefits and negatives in getting a timeshare home. And these are factors that we all need to think about before diving into the timeshare trend.

To begin with the positive factors of timeshare ownership, the involvement of money is the first thing to take into consideration. In comparison with buying a piece of real estate property that a person or family will only use once a year, or even forking over for the costs in a hotel, having a timeshare property is smart and cost-effective for frequent vacationers. 

VALUE-FOR-DEAL. Not because you paid much less that means you get less. As a matter of fact, the best part of timesharing is that it presents the same benefits and comfort that you get when you own a property. Hotels and condominiums that can be owned for a fractional price supply luxury guestrooms or suites, fully-equipped kitchens, large common rooms, and access to other amenities and facilities just like your typical luxury hotel or resort.

Other remarkable benefits of maintaining a timeshare include the exclusive perks that go with it, like use of the health spa or golf course and access to exclusive restaurants, and the exclusive exchange system that allows owners to stay in different properties every year if they choose to.

SCHEDULE CONFLICT. One of the common reasons why some would still go for whole property ownership is the benefit of holding your own time. Timeshare companies offer their members benefits of travelling each year; then again, this setup does not work for everybody. Some tourists do not have the luxury of time to take a yearly vacation, or some would favor to travel with flexible dates. In addition, the yearly upkeep fee would be useless if the vacationer chooses not to use up his/her annual weeks, or is not able to trade it.

The business has also become a nest for scams to prosper. Timeshare hoaxes are everywhere, and if you’re not cautious enough you might fall victim to one of these. 

It is common for people to get tired of things or to be tempted to locate something new, and some owners end up selling their timeshare investments. This is an inconvenience since these assets are tricky to sell, especially with the ongoing downturn in the real estate industry. As a consequence, this might be discouraging especially if a person or family looks up to their property as an investment that they can sell in the mere future.

The timeshare industry is easily one of the most costly in the world. And in an industry where big money is the price for comfort and convenience, it is crucial to research and consider every aspect imaginable before making any ultimate conclusion and parting with hard-earned cash.

You’re not being paranoid when you research on something that calls for thousands of your money. With such a substantial investment, it’s only appropriate to be wise.