| Alternatives to Timeshare |
Alternatives to Timeshare
Over the period of decades the popularity of timeshares has grown by many folds so much so that over two million Americans have timeshare properties in country and out of country. But the rise of timeshare industry saw the rise in scams and frauds. More recently the timeshare industry has been plagued by unscrupulous activities of frauds and scammers. Notwithstanding these serious problems with timeshares a new breed of alternatives are emerging. One of the main reasons why people were attracted towards timeshares was that it will be an expensive affair for a big family to vacation every year at a hotel or a resort. Timeshares proved to be an economical solution to all that.
But on the flip side of it, buying a timeshare requires large upfront fee and the timeshares typically range anywhere from ten thousand dollars to fifty thousand dollars also. On top of that the buyers have to pay the annual maintenance fee, property taxes, management fee etc. which could range from few hundreds to over a thousand also. People have begun realizing that why pay more money and still use the same property every year for only one week. And people get bored of going to the same place again and again. Although some timeshares offer exchange program which would allow owners to exchange their timeshare units across different resorts and locations but it is not that easy with exchange costing more bucks. And when the owner wants to sell a timeshare unit it is not that easy task. Timeshares are one of the most difficult properties to sell. Even when they sell they sell at 30%-50% lower than their original price.
Now a new era of concepts is taking vacation industry by storm. And this era is represented by concepts such as resort memberships and condo hotels. A resort membership is a one time investment i.e. you have to pay the membership fee only once and you can enjoy the benefits of the resort life long. And what more you are not required to pay any maintenance fee or taxes. Resort memberships can cost anywhere from few grand to few hundred grand. Some resort membership may also have yearly fee. But if you do a good research there are some resorts within the range of affordability. The best deal that one can get is may be a lifetime member ship for around three grand and a limited five year membership for two grand. And the members have access to not only the resort they have membership in but they can choose from hundreds of resorts worldwide available in resort company's network. And there is no limit on number of times you want to go and at what time you want to go, your vacation is always assured.
Another concept that is getting popular is condo hotel which is a relatively new concept and only very few people own condos in hotels. But the concept is receiving good reviews and is gaining popularity with the time. The way it works is it allows people to buy condos in luxurious hotels and utilize the benefits of all the amenities available in the hotel. If the owner is not using the condo he can put his condo for rent and can receive percentage of the revenues it produces. A condo hotel in comparison to a timeshare offers more flexibility, is better furnished, and has better amenities, better services and many locations.
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Alternatives to Timeshare Over the period of decades the popularity of timeshares has grown by many folds so much so ...
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Buying Guide for Timeshare Resale Are you on a hunt for timeshares? Are you tired of listening to the lengthy ...
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Buying Timeshares on Auction Websites While many people still go through traditional method of buying timeshares i.e. through timeshare brokers ...
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Buying Timeshare Resale Vs Buying from Timeshare Resort It can be confusing for a starter to decide from where to ...
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Checklist for buying Timeshares Many prospective buyers are stuck when it comes to deciding what important factors that one should ...
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Does it make sense to buy a vacation timeshare? Many people have a question when thinking of buying a timeshare. ...
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How to avoid a Timeshare Fraud As with any kind of investment, the chances of your timeshare investment ending up ...
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How to choose a right Timeshare Broker Finding a real estate broker is easy. They are there at every nuke ...
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Is it worth buying timeshares? Buying a beach front property or a vacation villa may be easy for rich and ...
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Know your Timeshare Rights One of the biggest reasons why many people fall into the trap of scammers and frauds ...
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Orlando Timeshares Orlando is the world's most popular family vacation destination. Blessed with one of the longest white sandy beachfronts ...
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Pros and Cons of Timeshares Everything in life has pros and cons. While pros may be important to some and ...
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Renting a timeshare Although it is not the best of the ideas to rent a timeshare but in some cases ...
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Risks involved in buying Timeshares Buying Timeshares can be rewarding for many people. It might a money wheel for some. ...
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Tax Information about Timeshares Some people have a misconception that timeshare sales are not subjected to income tax. But in ...
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Timeshare Exchange Timeshare exchange is one of the primary reasons of buying a timeshare for many people because this gives ...
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Timeshare FAQs Although the concept of timeshares is not new to the public still people have many questions about timeshares. ...
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Timeshare: Is it right for you? Many people buy timeshares after a lot of research and analysis. But same is ...
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Timeshare Presentations: How to survive? Have you ever attended a timeshare presentation? I wish you would never attend one. It ...
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Timeshare Selling Alternatives Many people simply buy timeshares thinking that they would be able to take out some time from ...
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Timeshare Tips for Buyers Every individual waits for that time of the year, a much deserved time off from the ...
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Tips for Renting Your Timeshare Many timeshare owners know how difficult it is to sell a timeshare. But not many ...
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Tips on selling your Timeshare Many people would agree that reselling a timeshare is not as easy as buying one. ...
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Top Timeshare Travel Destinations Everyone would think that top timeshare travel destinations would only be in coastal states like Florida, ...
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What is a Timeshare? A time share is a name given to a piece of property shared among number of ...
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