All About Timeshares

By Danny Ricks

Timeshare is a property ideal for vacation, shared by a number of individuals not related to each other. These properties include resorts and condominium units wherein its co-owners can practically spend their vacation there at a given amount of time.

There are a lot of factors that dictates the price of these properties. The place you want to stay and for how long and the resort amenities you want are the factors you. These are based on the point, credits or intervals that you purchased.

Timeshares started out in France in the 1960s as a way of sharing times in the condominiums in the French Alps. It is a market strategy of a ski resort developer to boost sales when during that time the resort industry is totally down. As time passed, this industry became more flexible to meet the needs of any vacationer. Before, owners have a fixed week and location where they can spend their vacation. Today, because of the point or credit based system. They have the power to decide when and where they want to travel, as well as the size of the unit they want to stay in.

To date, over 1,600 Timeshare resorts are in the United States and over 5,000 in almost 100 countries worldwide.

Investing Timeshares. Time share comes in 2 forms - fixed week and floating system. Fixed week is where you own the rights of the place at a specific week in a specific place every year. This means, you can only enjoy the property at that particular time of the year. This is the traditional way of holding a Timeshare property. Today, timeshares are equipped with point systems. You are in control of your vacation. Choose your date, your place and the unit size to suit your vacation needs. This is what we call the floating system.

If there are times wherein you can not use your credits for that year, you can roll them over into next year. Or if you want to spend longer time in a bigger unit, you can always upgrade your credits by purchasing more points.

It is basically like investing your own home, but in timeshare, you are investing a great vacation. The property can be paid annually, quarterly or even monthly. Financial assistance is also offered by these companies to help vacationers in financial matters. The maintenance fees, taxes and insurance are also shared by the owners.

What are the Advantages of Timeshares? Having your vacation in a timeshare resort allows you to pamper yourself as you have all the luxuries you want in home with the resort amenities. You do not have to spend too much, because you can always have that dream vacation locked at today's prices.

You are in complete control of your vacation. You can choose from a variety of timeshare vacation choices. You can stay at beachfront resorts, on mountainside chalets, country cottages or even spend your vacation in major cities. Exotic cruises are also offered in timeshare plans. You can create a memorable vacation experience to different places or visit your favorite spot over and over again.

As mentioned earlier, it is an investment. It is not just a dream vacation. As a matter of fact, it can be passed to heirs as a form of real estate. And if an owner does not want to use for their own, he or she has the choice to rent their timeshare to others. - 33387

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