Timeshare Pros and Cons
Are you interested in purchasing a timeshare in Mexico, and want to think through the advantages and disadvantages of timeshares? There are both positives and negatives to owning a timeshare in Mexico, and it is always a good idea to weigh all sides when it come to making a big financial decision. Let’s discuss some of the pros and cons to timeshare ownership so you can evaluate whether a timeshare in Mexico is a smart investment for you.
Schedule Regular Vacation Time
When compared to purchasing a stand alone vacation home in Mexico, a timeshare is a wise decision if you only plan to vacation for a week or a few weeks each year. When you purchase a stand alone vacation home, it will end up being unused a good portion of the year although you will have to pay for upkeep and maintenance all year long. When you invest in a timeshare in Mexico, you only pay for the time you use which makes it more affordable. Also, the maintenance costs are equally divided between all timeshare owners so the upkeep for a timeshare won’t break the bank.
Top Vacation Destinations
Another benefit to owning a timeshare in Mexico is you have a guaranteed vacation destination. With the hustle and bustle of daily life, sometimes work takes a priority over down time and people can miss quality vacation time. With timeshare ownership in Mexico, you plan ahead for your vacations to ensure that you make time for yourself to relax and enjoy the small things in life like quality time with loved ones. Also, depending on what company you purchase your timeshare with, you may be able to enjoy resorts at other locations in Mexico if your timeshare is part of a group. For example, The Villa Group timeshare resorts in Mexico have properties in top tourist destinations of Cabo San Lucas, Cancun, Loreto, Puerto Vallarta, and Riviera Nayarit. Timeshare ownership with a company like The Villa Group allows you to use your allocated vacation time to try out new resorts and get to know other beautiful beach locales in top vacation destinations.
Share Your Timeshare with Family and Friends
Want to share your timeshare in Mexico with friends or family? Or do you have a philanthropic spirit and want to share an amazing vacation experience to someone who may not have the opportunity otherwise? Depending on the rules and regulation of your timeshare company, you can usually share your timeshare with others or offer it as a prize for a charity auction. Lastly, you may also be able to rent out your block of time if you don’t use your timeshare week one year. This depends on the details on your timeshare contract, but is a possibility in some situations so you could make some money if you are unable to enjoy your allocated vacation time for whatever reason.
Timeshare Drawbacks?
As far as drawbacks to a timeshare in Mexico, there are some drawbacks to consider. While maintenance fees are generally very reasonable, you should be aware that annual increases on maintenance fees are possible. Maintenance fees must be paid whether you use the property or not, as well as special assessments which is to be expected with any vacation property. Another minor downside to timeshares is that they can be hard to sell if for some reason you decide you do not want your timeshare in Mexico anymore down the road. However, it is more likely you will never want to give up your timeshare so this drawback is not of a huge concern.
In conclusion, there are both benefits and drawbacks to owning a timeshare in Mexico. Do you think timeshare ownership is a smart investment or not?
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