How Timeshares Work: The Essentials

Although timeshares are not new to the vacation world, there is still little understood about the industry due to its seemingly complex terminology, intense sales pitches, and confusing reputation amongst timeshare owners worldwide. We have broken down all the essentials of timeshares into a few simple points, so you know exactly how timeshares work before you purchase a timeshare ownership.

Understand What You Are Really Buying

With a timeshare, you are buying shared rights to a vacation property, that you can use during a certain period of time every year. Traditional timeshare ownership is normally sold one week at a time. You can either holiday during one specific week, season, or whenever you choose throughout the year, depending on your type and level of ownership.

Because timeshare is a form of vacation ownership, you will find timeshare resorts located in the most popular tourist destinations all over the world. Since most families have a favorite annual holiday destination, a timeshare could be the perfect option to help relieve the stress of finding good quality accomodation each year.

Why Do Price Ranges Vary?

When it comes to market value, timeshares are similar to traditional real estate. Much like a holiday home or apartment, there are several factors which affect the value of a timeshare, including the location, proximity to popular attractions, size of the timeshare unit, and the types of features and amenities that the resort you choose to buy in offers.

A timeshare unit can also vary in price depending on the week or season you would like to own and its popularity. A week at the Marriott’s Marbella beach resort in the summer, is going to cost much more than that same unit in the low season winter months.

Remember, that on top of what you’ll be paying to have ownership at a specific resort and property, you will also be responsible for the maintenance fees on your unit. These costs are typically billed annually, and cover the maintenance, taxes, and utilities of your resort and personal unit. Price ranges for these fees also vary, so make sure to ask about maintenance fee costs when looking to purchase (if not already listed). At Fab Timeshare, we are here to help you make the best choice, so please do not hesitate to contact us for advice or guidance on purchasing a timeshare which meets your needs.

How To Make the Most Of Your Timeshare

If you are worried that you will get bored of visiting the same destination every year-  Don’t fret; you can always mix things up with a timeshare exchange! We can help you rent or exchange your timeshare at any Marriott Vacation Club  resorts worldwide. So take advantage of your timeshare by using it to travel to all of your dream destinations.

Vacation Clubs Are Also Forms of Timeshare Ownership

If you’re more of an adventurous traveler and feel as though a timeshare will be too restricting, try a vacation club instead, such as Marriott’s Playa Andaluza or Marriott Son Antem. Still a type of vacation ownership, these clubs give you greater flexibility in choosing where in the world you wish to travel, which resort you would like to stay at, and when in the year you are available to vacation.

With a vacation club membership, you are not tied to one Home Resort and will not need to go through the hoops and hurdles of exchange companies to book your retreat. Most vacation clubs work on a point system, where you purchase a set number of points to spend each year at any of the resorts in the network. Some vacation club packages can also include food, airfare, car rentals, amenities, and discounts on popular attractions.

These types of clubs are becoming increasingly popular among travelers, leading more and more resort brands to offer both traditional timeshare and club memberships.

We hope this post gave you a useful insight into timeshare ownership basics. If you want to learn more, Contact us here!