Over a million people go on at least one vacation every single year. It’s a great way to unwind from the stress that life has to bring.
The problem is planning a vacation. If you don’t act fast enough, finding accommodations can be impossible.
If you and your family tend to go on your yearly vacation around the same time, investing in a timeshare might be a good idea.
There are many pros and cons of timeshares, but one thing is for sure. You’ll have a built-in vacation with accommodations waiting for you.
Are you not sure if that perk alone is enough to warrant getting a timeshare? Check out this guide to learn more.
It Feels Like Home
The main reason why timeshares are one of the best ways to travel is the accommodations. You and your family will be able to stay in a vacation house that has all the comforts you’re used to at home.
They have a full kitchen, so you can spend some nights in instead of eating out for your entire trip. Most vacation homes also have fun amenities like a pool.
There Are Annual Fees to Worry About
So, how do timeshares work? You’ll pay a fee every year to get a deed to a vacation home that you share with a bunch of other people.
While you don’t have to pay a maintenance fee in most cases, that annual fee will get you. If you can’t pay the necessary costs, it counts as a foreclosure.
The good news is that if you do feel like you’re in over your head with your timeshare, the ability to sell your DVC is a viable option.
You’ve Got a Built-in Vacation
By the time you’re finished planning a vacation, you’ll feel like you need to go on another vacation. The process can be more than a bit exhausting.
With a timeshare, you’ve got a built-in vacation every year. You don’t have to worry about booking a hotel because you’ve already got your accommodations secured.
Since you’re familiar with all the amenities that the vacation home has to offer, you won’t have to spend any time stressing about what you’re going to do.
No Flexibility
While some types of timeshares allow for more flexibility than others, you still won’t have a lot of wiggle room when it comes to planning your vacation. You have to go at the same time every year.
If something comes up, you won’t be able to reschedule your vacation. You’ll either have to consider it a loss or sell your timeshare out to someone else.
Understanding All the Pros and Cons of Timeshares
As you can see, there are a lot of pros and cons of timeshares. They offer a build-in vacation every year, but you’ve got to worry about fees.
You’ll gain access to a house that has all the comforts of your home, but you have no say in when you go.
For more tips that will help you decide if you should invest in a timeshare, visit the Travel section of our blog.
