Renting or Purchasing Timeshares: 4 Mistakes and How to Avoid Them
Finding the right timeshare requires knowing what not to do. Here are common mistakes with renting or purchasing timeshares and how to avoid them.
Keyword(s): renting or purchasing timeshares
Almost 10 million households own a timeshare. If you’re planning on being one of these households, how can you ensure you make the most of your investment?
Renting or purchasing timeshares are great ways to prepare a vacation for years to come. It’s also more affordable than renting or purchasing your own vacation home, and you won’t have to maintain it either.
But although there are plenty of perks to timeshares, you might make some timeshare purchasing mistakes if you’re not careful. Keep reading to learn more about these mistakes and how to avoid them.
1. Falling for a Scam
Your timeshare shopping strategy should include avoiding timeshare scams. This is obvious, but the tactics that scammers use may not be.
Legitimate timeshare companies will never ask you to pay money upfront. Otherwise, they may take your money and run without exchanging what they’ve promised.
Also, avoid unsolicited calls from so-called timeshare company employees, resale agents, etc. Scammers are getting a lot savvier with their schemes and may do a lot of research to make their call convincing. If you’re unsure if a call is legitimate, contact your resort or developer to double-check.
2. Not Shopping Around
Comparing timeshare costs is smart for any careful shopper. Although one option might seem enticing, you might find another better suited for you if you keep looking.
Not only that, but the property itself might not be all there is to it. Instead, it would help if you also looked into experiences from previous or existing renters/buyers. This way, you’ll have a better idea of what staying in that timeshare is like.
3. Missing Small Fees
The rental/purchasing fee will be the most significant expense to consider. However, it’s not the only one.
If you’re buying, you’re essentially buying property. So expect the usual real estate fees, though they’ll be much more affordable than those that arise from buying your own vacation home.
Most notably, you should consider timeshare maintenance fees. The benefit of timeshares is that you don’t need to perform maintenance yourself. But someone needs to get paid to do it for you, so you must keep this mandated finance in mind.
4. Thinking Short-Term
Once again, it’s easy to get enticed by the first exciting timeshare option you’re faced with. But never purchase or rent a timeshare on impulse.
As mentioned before, shopping around might show other options better suited for you. You could also discover that some companies’ club member benefits are way more worth it.
Renting or Purchasing Timeshares? Don’t Make These Mistakes
Planning your relaxation shouldn’t be a hassle when renting or purchasing timeshares. So feel free to return to this guide on any day to make the best timeshare shopping decisions.
International Resort Club provides the best timeshare services to both owners and travelers. What are you waiting for? Contact us today to enjoy our gorgeous timeshares and their lucrative benefits!