There are many contradictory opinions when it comes to the topic of timeshare, with those reflecting the points of view of owners who are very content with their purchases and who take advantage of their yearly vacations and those that view timeshare as an unnecessary expense out of their budget. Unfortunately, there are also those who completely and utterly bemoan the experience, having been one of the unlucky few that fell foul to a timeshare scam. Nevertheless, there are a number of simple ways to ensure that your timeshare purchase is a positive life-enhancing experience rather than an unforgettable nightmare.
Firstly, and perhaps most importantly, the caliber of the operator you work with has a lot to do with your experience. Buying with a reputable, established company is a must when it comes to timeshare. Avoiding smaller or new operators will save you a lot of hassle as well as reduce the risk to your investment, especially if you are buying unfinished properties in foreign countries. Most of the serious nightmare situations described by owners are related to scams rather than any inherent problem with the timeshare produce itself. Therefore, if you avoid potential fraudulent companies, you can safeguard your money and your future experiences. A simple Internet search can quickly sort the trusted companies from the swindlers.
Knowing what you want from your vacations is key to your happiness. If you know that you never want to return to the same location, then you would be best to avoid fixed date options and purchase with a plan to join a vacation club, which allows you to exchange your points all over the world. If you are clear with the timeshare seller from the get go, it is very likely that they can work the plan that suits you.
Investing in timeshare as a money making scheme is also a sure way to find disappointment. While your hard earned cash is safe and you can be confident that you have bought a worthwhile asset, your financial benefits arise from the money you save on future vacation rentals and hotel rooms rather than from the resale of your property (although there is money to be made). This leads directly to another source of timeshare nightmares, and that is fraudulent resale companies who ask you to pay a fee in advance of listing your property. If you do opt to sell your timeshare, always use a reputable and licensed agent – again, a little research can save you a lot of tears.
Finally, keep up to date with your maintenance fees. Stopping paying your maintenance quotas is an easy way to cause yourself a legal nightmare. The fees are intended for the general upkeep of your unit and the resort itself; they are an essential part of your continued enjoyment. To protect all owners, legal action will be taken against those who neglect their payments. Always contact your timeshare operator if you are unable to pay on time.