The idea behind owning a timeshare seems like a pretty good idea because we have no need to own a vacation property for the whole year if we only use it for a few weeks each year. The only question is if the price is right and the service by the management company is good.
Let me guide you through the way timeshare works is that a whole bunch of people each own a period of a week or more for the same property. If you own the first week in July that is your property for that week regardless of if you choose to use it or not. You can leave it empty but that seems like a waste of money.
You can usually let friends and family use the timeshare property for a vacation if you cannot go yourself. You may be able to rent out the property for your period of ownership or you may choose to swap your week with someone else who owns a timeshare property somewhere else.
The benefits of timeshare are mainly that it is cheaper than owning a whole property and it needs little management from you. The downside is that it fixes your vacation in one place but you may be able to do a swap and try different places around the world.
No related posts.