| Timeshare
is simple: You purchase your timeshare at a one time cost just like
when you bought your home. In the case of timeshare however, you get
to use it during a particular week each year. The weeks are numbered
1-52 beginning with the first week in January. |
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Each year you can choose to vacation at the timeshare you
own during the week that you own, or you can deposit what
you own into a vacation space bank and go to one of several
thousand other resorts in the trading systems during the week
you own or a different week if you desire.
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If
you choose to trade for another resort there is a fee to the trading
company for this exchange. It depends on the trading company and
whether you trade for something in the United States or outside
the US. The exchange fee can be anywhere from $100 to $166. Now
that you own a vacation home (albeit for only one week per year)
it requires someone to take care of it as well as take care of you
when you go there. Therefore, on a yearly basis you will pay your
resort management a maintenance fee. Just like any other Condominium,
this takes care of the building and grounds and facilities, pays
the salaries, and handles repair and replacement of furniture, etc.
You will also pay yearly property tax since you own real property.
Your management company will bill you once each year for these fees.
And since you are an owner, you will have a say each year as to
how much these fees will cost you.
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Your
yearly Trading company membership fees are $75 to $85 (less
if you take the 5 year plan). This is well worth it because
of the additional benefits you get like being able to rent
unused units for weekends at an average of about $119 for
the family, or full weeks at an average of about $199. Many
hotels charge you at least that much for just one night.
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It
may sound like you’re paying a bunch of fees here and there which
can add up,so let’s recap what your timeshare can cost you yearly:
Trading
company membership:
Average
Exchange fee:
Maintenance/tax:
Total:
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$
85
$124
(this is only if you trade yours for another)
$400
(this is an average yearly figure)
$609
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So,
as you can see, for about $609 per year you get a fully furnished
condo for the whole family; a different and exciting place each
year. Remember, however, that if you are the type that would like
to vacation at your own resort during the week that you own, you
need not join the trading company or pay an exchange fee. In that
case your only expenditure yearly is the maintenance and tax fees.
In the example above, this was only $400.
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A
word from our founders:
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| “We
love it. As a middle income family we could not have given our
children these types of 'Million Dollar' vacation experiences
until we found Timeshare. To rent the two and three bedroom
condo's and ski chalet's in these fabulous resorts during our
Christmas vacations (which is the only time we could go) would
have cost us $2,000 to $3,000 per week. |
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| We
couldn't afford that. Because we are owners of timeshare it only cost
us a few hundred dollars. We started out by buying two weeks as this
was all the vacation time we could use in a year, but we purchased
more later on and used them in many creative ways. We now give weeks
away as charitable donations. We give them as gifts such as honeymoons
to newlyweds and getaways for anniversaries. We use them to gather
the family for reunions in fabulous resorts worldwide. To say it simply…Timeshare
has greatly improved our way of life.” |
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