Investing money into any purchase, whether that be time share, a new car, or a new business venture etc, is a decision that should not be taken lightly. Weighing up the pros and cons is a good idea that will help you avoid any pitfalls. When it comes to time share, when it is right for you, there really will only be advantages and pros but when it doesn’t suit you, you can fall into the trap of thinking that time share is a waste of money, when in fact it just doesn’t suit your vacation needs.
So, what are the pros?
The pros Pros and the Cons of timeshare is that you get to be the owner of your own vacation property without any of the hassle of full ownership. You do not have to take responsibility for maintenance nor do you have to pay for all the repairs yourself. You pay yearly maintenance fees, divided between all owners and someone else takes care of organizing that your property is perfect for when you arrive.
Time share allows you to be able to afford to join vacation ownership where full ownership would be out of your budget. You only pay for the time that you buy and therefore are not investing money in the months where your property would otherwise be sat empty. You can also afford to buy something more luxurious than you would be able to pay for if you were to invest in full ownership.
The other pros are that you reap the benefits of years of expertise. The timeshare companies develop their resorts in the best destinations and you get to enjoy the fruits of their decisions. If you choose a highly reputation time share company, you are likely to experience excellent resort facilities too, in addition to your accommodation. That way you get to enjoy gourmet restaurants, spas, infinity pool and state-of-the-art gyms, all on site.
So, what are the cons?
The only real con to time share is if you purchase a time share unit that you are not going to use or lend to family. If you do not intend to take a vacation every year or know friends and family who would use your time share, then your investment is not going to reap you any real benefits, except the prestige of owning a second home.
The other point that some people see as a con, but is in fact debatable, is that when you buy a fixed week timeshare you have to visit the same resort every year. For some, this is not a con, and they want to return to their property in the same place each year. However, the reality is that time share does not limit you to the same destination, unless you wish that to be so. You can easily exchange your time share for other destinations around the world and therefore use your time share benefits wherever.
The important thing to consider about timeshare pros and cons is to assess your own vacation needs. When time share is right for you, it will be the best decision you will ever make.