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What is a Timeshare?In recent years, timesharing (also known as vacation ownership) has become one of the most popular ways to vacation, yet many travellers still don't know a lot about timeshares or how they work. If you are one of these individuals who would like to know what makes a timeshare vacation so different from any other vacation, you have arrived at the right web page. The main points covered in this article include:
- -Timeshares versus hotels - is there really a difference?
- -How does timeshare ownership work?
- -Is a timeshare a cost-effective purchase?
1. Timeshares Vs. Hotels
There are many things that set a vacation timeshare resort apart from the average hotel, but the main difference is the quality of the actual rooms available.
Compared to traditional hotel rooms, vacation timeshares are far more deluxe and can range in size from studio units to suites with three or more bedrooms that can often sleep ten or more guests. Here is a head to head comparison of common features you will find in most hotel rooms and those you will find in most time shares.
Standard Hotel Room Features:
- Single room, including:
- One or two beds
- Adjoining bathroom
- Cable television and DVD player
- Closet and dresser
- Coffeemaker and/or mini-fridge
- Couch/chairs/table (some rooms)
- Iron/ironing board (some rooms)
Standard Timeshare Suite Features:
- Multiple rooms, including:
- One, two or three private bedrooms
- Private master bath
- Living area, including:
- Convertible sofa bed
- Cable television with DVD player
- Balcony or patio
- Additional bathroom(s)
- Fully-equipped kitchen or kitchenette, including:
- Refrigerator (or mini-fridge)
- Coffeemaker, microwave, stove/oven
- Utensils, dishes, pots, pans, etc.
- Separate dining area (some units)
- Additional features:
- Washer/dryer (some units)
As you can see from the list above, timesharing offers additional conveniences and comforts not available to travelers who stay exclusively in hotels. In addition to the en suite amenities listed above, time share resorts also provide an extensive range of on-site activities and amenities. Many resorts offer championship golf courses, ski mountain access, equestrian centers, water complexes, world-class spas and even five-star restaurants.
2.How Does Timesharing Work?
There are many different types of vacation ownership products available on the market today, but these can be divided into three main categories:
- Traditional timeshare ownership
- Fractional ownership
- Points-based ownership
Traditional timeshare ownership refers to the purchase of an interval of usage at a single resort. Ownership is usually tied to a particular unit or unit type (one, two, three bedroom) and falls within a set week or within a season (a specific time of year or range of weeks when the owner can use his/her timeshare).
Fractional ownership refers to the purchase of a much larger increment of time (usually a set block of weeks) and is a good for travelers who are able to vacation for more than one or two weeks a year. Some top brands features on our website such as Ritz-Carlton offer fractional ownership. Fractional properties tend to be even more luxurious than traditional timeshares.
Points-based ownership (also often called vacation club memberships) refer to a system in which owners are allotted a specific number of points per year which can then be exchanged for accommodations at a variety of in-network resorts. Points function much like traditional timeshares in that they are often tied to a specific usage season, however they offer the added flexibility of being able to book shorter stays in larger units (or vice versa).
Each of these types of ownership products can be either fee-simple or right-to-use. Fee simple refers to a deeded purchase in which you own the time share perpetually, whereas right-to-use refers to a lease-like agreement in which your ownership expires after a set number of years. If you would like to learn more about timeshares and the types of ownership available, please visit ourtimeshare resale FAQ page.
3. Are Timeshare Vacations Cost-Effective?
The abbreviated answer is: yes. But here are some of the main reasons that vacation timeshares are a savvy option for sophisticated but frugal travelers:
- Timeshares only cost a fraction of what a vacation home or condo would cost outright.
- Maintenance fees and incidental expenses are divided among multiple owners.
- Your accommodations are prepaid, so inflation cannot affect your ability to vacation.
- When you buy from a current owner through SellMyTimeshareNOW, you can often save more than 50% off retail value (the price at which the same property is sold by the resort).
One Final Thought About TimesharesIn the United States alone there are more than 4 million owner families, 80 percent of whom report that they are more than satisfied with their timeshare vacation purchase (see ARDA — the American Resort Development Association — for more industry statistics).
Any timeshare owner will tell you that vacation ownership not only makes sound financial sense, but also provides for a far more secure, relaxing, and enjoyable vacation experience. Stop throwing away your money on hotels and start actually enjoying your vacations — try a vacation timeshare today.
Our staff specializes in timeshares, so don't hesitate to call us with any questions, toll free at XXX-XXX-XXX.
- One or two beds
- Adjoining bathroom
- Cable television and DVD player
- Closet and dresser
- Coffeemaker and/or mini-fridge
- Couch/chairs/table (some rooms)
- Iron/ironing board (some rooms)
- One, two or three private bedrooms
- Private master bath
- Convertible sofa bed
- Cable television with DVD player
- Balcony or patio
- Additional bathroom(s)
- Refrigerator (or mini-fridge)
- Coffeemaker, microwave, stove/oven
- Utensils, dishes, pots, pans, etc.
- Separate dining area (some units)
- Washer/dryer (some units)