Are you considering purchasing a timeshare? Before you do, make sure you are aware of all the advantages and disadvantages of timeshare ownership. When you buy a timeshare you will be buying a time slot at a particular condo or vacation unit. You will be that slot at that resort permanently. Although timeshare are very popular I believe people don’t look into what the disadvantages and limits are until after purchase.
Before buying a timeshare property you will have to consider whether it suits to your lifestyle and finances. Timeshare ownership is an investment in an exotic vacationing spot but the buyers may get disappointed if they are buying the timeshare property for its appreciating property value. The biggest disadvantage of time share is the lack of appreciation.
The resale market of timeshare does not increase as of other properties. In timeshare ownership you cannot oblige your friends and relatives and send them for a vacation to that resort because you would get blocked from going there in the same year.
Don’t forget about those pesky maintenance charges! With your timeshare membership you will also be required to pay you annual maintenance charges. THe charges are due like clockwork every year, even if you don’t use it. You will also have to plan your trip way in advance to be sure all your ducks are in order. You will also have to pay taxes and other unforeseen fees.
Ok, so you’ve decided to go ahead and purchase a timeshare membership. How are you planning on paying for it? Tradional mortgages are not available to financie your timeshare, so you are left to pay for it out of pocket or open yourself up for some other type of creative financing you may stumble upon. Are you sure you really what to do this? After all who whant to vacation in the same location (and often the same exact room) every year? Not me.
Timeshare ownership is simply not for the spontaneous, drop of the hat traveler. And timeshares are really expensive. If you want to select a peak week at a specific resort you are going to pay a pretty penny. If you cannot apy the entire amount upfront you will most likley be offered some sort of financing option that has a rediculous interest rate (I’ve seen some at 16%). Sorry but this is just not appealing to me.
If you are interested in going for vacations do not choose timeshare properties when you have a 100 year membership for world travel. If you are really interested to join a membership clubs go for Global Resorts Networks membership. GRN has thousands of properties globally and it is top most travel company for more than 22 years.
With Global Resorts Network you will have access to the best resorts in the best locations. You don’t ever pay a annual maintenance charge. Best of all there are no black out dates. I am telling you, take the time and at least look into it.
My name is Dean Grzelak and I have taken advantage of the Global Resorts Network (GRN) membership. I was so thrilled with the company that I now an independant associate for GRN. Take a few minutes to check out the following website and you will get a better idea what I am talking about. www.grnextremesuccess.com