Despite the fact that timeshares have been gaining popularity over the last few decades, they remain a mystery to many. But when you buy a timeshare, it can completely alter how, and where, you travel.
So what’s the deal? Should you buy a timeshare or rent one? What exactly are timeshare resales? What are the benefits? How does it all work?
A timeshare can be the key to traveling regularly, seeing new places and saving money in the long run. Read on to find out all you need to know about timeshares—they’re not as complex as you might think.
To Buy or Not to Buy?
If you’re deciding whether or not to buy a timeshare, there are a few factors to consider. But first, you’ll need to fully understand what a timeshare actually is.
Typically offered as apartments or condos, timeshares are essentially vacation rentals that you own, but just for a week! There are different types of timeshares—somewhere you actually own a fraction of the property and somewhere you only own the right to use it. But it basically ensures that you have a place to stay for one week each year.
When you choose to buy a timeshare, you’re providing yourself with options. You can visit that place every year, or you can swap timeshares with someone else to allow you to visit somewhere different. When you simply rent someone else’s timeshare, you’ll only be visiting once.
The Secret World of Timeshare Resales
Those looking to buy a timeshare have more options than they might think. Many would prefer to buy directly from the resort. After all, no one wants to find out they’ve been scammed when they’re trying to set up a vacation. But one thing worth noting is that the lesser-known world of timeshare resales can really save you a lot of money.
When someone buys a timeshare, they don't have to keep it forever. Visiting the same destination every year isn’t everyone’s cup of tea. When you’re ready to buy your own timeshare, consider purchasing one from a current owner. You can save as much as half-off the price that the resort would be selling it for.
Enjoy the Perks Before Making a Choice
Visiting a resort in order to look at their timeshares can be a worthwhile experience for your whole crew. And, hey, why not milk the experience for all it’s worth?
Many resorts will offer travelers discounts to attend a timeshare presentation or to take a timeshare tour during their stay. If you’re already planning to buy one, you may as well make the most of it before you do. This is a great idea if you're not sure where you want the timeshare to be located. If you’re undecided, shop around—in the form of a few discounted vacations—before buying.
Discounts can be great perks, but there are other incentives to these presentations and tours as well. It’s likely that the resort really wants you to buy a timeshare. They may throw in some free swag too! Whether you get a free piece of luggage or an iPad, it can be a great bonus.
In the End, You’ll Want to Buy a Timeshare
Once you’ve visited a few and gotten all the facts, you’ll likely want to buy a timeshare. This is especially true if you like visiting the same place year after year. There are a variety of benefits to ownership, including the money you’ll save on accommodations over time and the ability to easily swap and head some place new.
But there are other reasons you’ll love owning a timeshare as well. Say you don’t want to visit one year—you decide to go somewhere different or don’t have the time or money for a vacation. You’re able to rent your timeshare out to someone else, making back some of the cost.
You can also sell it if you tire of the spot. With the freedom it affords, and the assurance of a great place to stay each year, a timeshare may be just the ticket for an amazing repeat vacation experience.