By Justin Zouhari
According to the American Resort Development Association (ARDA), the timeshare industry reported that the average cost of vacation ownership in 2019 was $22,942.
There are quite a few things that can affect the cost of a timeshare. Resort location and popularity will affect the price tag. In addition, timeshares at a single resort will cost more or less depending on the size and location of the villa.
These fees go towards resort upkeep and renovations, along with employee wages. Your vacation unit will be kept in its best conditions, even when you’re not there!
Vacation ownerships are considered luxury items, so like a car or a boat, they do not always retain their value. If you’re ever looking to sell your vacation unit, keep in mind that you will most likely not get back everything that you paid for it.
Instead of paying a large sum upfront, you can divide the cost into more affordable yearly payments. Timeshare financing makes it possible for more people to afford vacation ownership!
Timeshares frequently feature more dining and living space, as well as in-unit kitchens which are perfect for families. You will also have top-of-the-line amenities and accommodations. All of these are seldom offered at regular hotels.
Traveling to new places each year is most travel lovers’ dream, and exchange helps make that possible. Companies like RCI and Interval International specialize in offering networks of resorts to their members.
A few common scams to look out for, including people posing as resale companies asking for bank accounts or social security information. As a rule of thumb, legitimate resale companies will never reach out to you out of the blue.