There are two types of timeshare ownership: Timeshare buyers may purchase fixed or floating weeks, or purchase points that can be redeemed for a choice of weeks or locations. Whatever type of ownership and membership you choose, carefully consider the pros and cons of timeshare ownership before you buy.

This is true even after you add in maintenance fees and assessments. A value-added feature is that timeshare units are usually fully equipped condominium-type apartments comparable to luxury hotel suites. Timeshare agreements often include discounts for stays at other resorts within the network, any week of the year. The timeshare, remember, is likely to be equivalent to a hotel suite. Although you buy a specific week, timeshare exchanges make it possible to trade one week for another, or even one resort for another.

According to Red Week, a timeshare resale company, the American Resort Development Association has created ethics standards that many of the brand-name timeshare developers adhere to. However, timeshare presentations are notoriously long on pressure and short on consumer education.

Timeshares depreciate--that is, their value drops over time. A primary reason is that developers have very high marketing costs to recoup. These costs add no value to the timeshare, but they're passed on to consumers. In addition, the number of units on the resale market drives prices down.

The Pros and Cons of Owning a Timeshare | International Business Times

The timeshare resale market is consistently flooded. Not only does the competition make it tough for your unit to stand out, it also deflates the price. Skip to main content.

Advantages & Disadvantages of Timeshares | Finance - Zacks

Home Guides Home Home Finance Buying and Selling Mortgage. Year-Round Travel Discounts Timeshare agreements often include discounts for stays at other resorts within the network, any week of the year. Flexibility Although you buy a specific week, timeshare exchanges make it possible to trade one week for another, or even one resort for another.

Questionable Sales Tactics According to Red Week, a timeshare resale company, the American Resort Development Association has created ethics standards that many of the brand-name timeshare developers adhere to. Depreciation Timeshares depreciate--that is, their value drops over time. Difficult Resale The timeshare resale market is consistently flooded. References 4 CBS Money Watch: Should You Buy a Timeshare? Timeshare Pros and Cons Holiday Group: Photo Credits Hotel image by sasar from Fotolia.

What Are the Tax Advantages to Owning a Time Share? What Happens if I Don't Pay Maintenance Fees for a Timeshare?

ownership pros and cons - Timeshares / Vacation Rentals Forum - TripAdvisor

Is a Timeshare Personal Property? Reasons Why People Hesitate to Buy Timeshares. Related Articles Benefits of Timeshares What Is a Timeshare Interest?

Information on Buying Timeshares How to Avoid a Timeshare Mistake How to Trade Your Timeshare How to Rent Out My Timeshare.

More Articles How Do I Know What My Timeshare Should Sell or Rent For?

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