Timeshare and Vacation Ownership – Would You Rather Own Your Vacation or Keep Paying Rent?

If you’re like most people, you’ve heard the word “timeshare” and probably taken a timeshare tour at a vacation destination or maybe even at a local sales office in your community where they explained the product but you didn’t see the resort.

Surprisingly enough, there are many people who have never experienced a timeshare tour and the word timeshare and what to expect are a mystery. I was one of those people four years ago. I had never taken a timeshare tour and my only knowledge of timeshare was what I heard from people about buying a specific week every year to vacation, at the same resort, in the same sized condo. It sounded all too restrictive so I never investigated it for myself to see if it was a viable option for my life. I loved to travel and always wanted ways to do more and save money.

Finally, in Las Vegas, in 2003, I was convinced to take a vacation ownership tour. The concept of vacation ownership takes timeshare to a more flexible level. With vacation ownership, you can often become the owner of your vacation without having to commit to a specific time frame, size, or specific resort. When a person rents a vacation by staying in a hotel, motel, or other accommodations, the money spent on that rent is gone at the end of that vacation. As a renter, not an owner, you must continually replace the money to take more trips. The more vacations you take, the more money you have to come up with to go away- whether you save, put it on a credit card, or do a little of both.

So many developers of vacation timeshare resorts divided the resort ownership into weeks and specific sized units. Buyers would return to their home resort, in their week, every year, to stay in their unit.

Consumers wanted more options so exchange companies were created so that owners could trade their resort for another resort in another week and have more choices. Millions of people are involved in timeshare.

As consumer needs kept changing and lifestyles kept changing, so did consumer vacation demands and desires. So many families have a variety of vacation schedules, often needing time off for less than a week. People need a break. A vacation can be any amount of time away from home whether a night or several weeks. Flexibility and choices for places, a variety of size accommodations, and a need to go on vacation whenever they can make it possible lead to the development of vacation ownership.

Vacation ownership is about buying vacations that never end, with flexible options on how the vacation can be enjoyed, without the restrictions of a specific week in a specific sized unit every time.Vacation ownership is helping consumers to have the most lifestyle choices for their vacations. Vacation ownership iand timeshare are assets which you can buy and ultimately get paid off, enjoy and then passed on to future generations or sell.

Whether you purchase a timeshare at a specific resort, for a specific week, in a specific sized condo, or you buy vacation ownership, ask yourself, isn’t it better to own than to pay rent for each and every trip with 100 percent loss? Owners have options about what to do with their ownership in the future. The best way as a consumer to decide if it’s for you is to attend a presentation and ask questions. Then, make the best educated choice for you and your loved ones.