Owning the right timeshare can be a great asset. It means that you will have a guaranteed holiday destination every year (or more often than a year).
You will not have to worry about making specific plans for your yearly holiday or missing out on affordable accommodation or on the best destination.
In some cases, you can leave some of your belongings at your timeshare so that you do not have to worry about moving them back and forth with you every time you go on holiday.
HOWEVER, KEEP THIS IN MIND:
Many people end up regretting the time share that they have bought and are now trying desperately to get out of it. It is incredibly important that you purchase a timeshare that is right for you and that you can afford.
Checklist for buying timeshare
The following checklist will help you to make sure that you are making the right choice when it comes to buying your timeshare.
Think carefully about the area that you buy your timeshare in
Is there a particular area where you and your family always go for your holidays? If you have visited the area a number of times and you are very happy with your holidays there then it is a good idea to buy your timeshare there.
Buy a timeshare that is the right size
Keep in mind that your family may not have grown in a few years’ time. If you are thinking of having more children, go for a timeshare that is big enough to accommodate all of your immediate family with some room left over for your children’s friends or for other family and friends.
Make sure you can afford your timeshare
Make sure that you can afford the yearly or monthly payments on your timeshare with going bankrupt. Keep in mind that the fees may go up in price from year to year and you should find out how much they are set to go up by.
Would you be assured of getting a holiday time that would suit you?
Make sure that you will be assured of getting a holiday time that suits your schedule and your children’s school schedule as well. You want your holiday time to fit around your schedule and not the other way around.
If your usage dates are set, would you be able to make it every single year?
If your holiday dates are set in stone, would you be able to make the same date for the same length of time every single year? It is very difficult to commit to something like that for years in advance as you never know what is going to change before then.
If your usage dates are not set, how early would you have to book your dates every year?
You want to make sure that you are not in a situation where all the good dates have been booked for months and months in advance and you area left with times that you can’t actually make.
- If you are buying through a broker make sure that he or she is licensed
- What is the maintenance fee and would it go up every year?
- Does the timeshare price match the market price of property in the area?
- Do some research to be sure that you are not being asked to pay a price that is too high
- Make sure you see the unit in person before you purchase it
Follow the above points carefully to make sure that you purchase the right timeshare for you and your family. You want to be sure that you have many years of holidays to enjoy in a perfect location.