Should I Buy a Blocked Week or Timeshare Points?
October 7, 2013
You can classify timeshare into two principle types: blocked weeks or timeshare points schemes. What is best for you will depend on your vacation requirements. So let’s take a look at some of the differences.
Blocked Weeks vs Timeshare Points
There are various benefits to both options. If you know when and where you wish to take a vacation every year and are limited to certain weeks because of your job, school vacations or family commitments, then a fixed blocked week might be for you. When you buy a fixed week you are guaranteed your timeshare unit for your chosen week every year. If you always spend Thanksgiving with your family, then buying a fixed week around those dates would be beneficial.
For many, the reason they would not buy a timeshare is because they do not want to vacation in the same place, in the same dates every year. That is why timeshare operators have developed their points schemes. In this case you buy the equivalent timeshare points as you would pay for a fixed week timeshare and then exchange those points when you know when and where you want to travel. It means that you are completely flexible.
The other advantage of the timeshare points system is that you can divide your time and travel more than once a year. Imagine you have bought points enough for a two bedroom apartment for one week but this year you wish to travel for a shorter period of time in spring and winter. The points scheme allows you to take a weekend vacation in one destination and then another all in the same year. Likewise, if you cannot visit your timeshare for some reason, you can bank your week and take two weeks the following year.
Timeshare Investment Myths
October 2, 2013
There are many myths surrounding the timeshare industry, most of them painting a negative picture thanks to deliberate scams. The reality is somewhat different when you purchase from a reputable company and many of the myths that circulate about it are actually misleading.
The myth that you need to have a lot of money to be able to afford a timeshare is a fallacy. In fact, timeshares are a great way to invest in a second home when you would otherwise not have the funds to do so. There are also many different levels of ownership meaning that there is something for all budgets, and thanks to upgrades, you can move up to a more luxurious accommodation as your finances evolve.
The risk involved in timeshare depends on the company you buy with. As a rule, most genuine operators present relatively low risk, but you must be sure to avoid scams. With a little research on the internet, the fraudulent timeshare companies become very obvious.
Because you buy a timeshare week at a particular location for specific dates, many people assume that this is inflexible. The truth is rather different. The beauty of timeshare is that you have the option of going to the same place during the same dates every year, if you wish, but can also swap those dates and destinations according to your preferences and plans.
Costly Maintenance Fees?
Maintenance fees are a reality of timeshare as they are intended to secure your investment and make sure that your property and common areas are kept in perfect condition. They are unfortunately an essential outgoing but should not be unnecessarily high.
Trading Power Benefits Explained
August 31, 2013
“Trading Power” is an RCI term that refers to the value given to a timeshare week when “deposited” into the RCI exchange network inventory. As the world’s largest vacation club, RCI collaborates with the biggest names in the tourism business and is considered one of the most reputable, leaving members with thousands of options.
Trading power is calculated in a way that allows a like for like swap of timeshare properties by applying certain criteria such as location of timeshare, size, demand or resort facilities and so on. Your timeshare is consequently given a value or trading power based on the combination of these elements. You can then use your trading power to select other properties and vacation experiences. There are also easy methods to improve your trading power rank like early deposit of your timeshare up to two years in advance or by reserving a high demand week in your home resort.
But what benefit does Trading Power have?
Once you have joined RCI as a member you are able to start depositing your timeshare weeks in order to exchange them for other properties in different locations around the world. Your timeshare gets added to a kind of inventory, available for selection and you are free to choose another unit according to your points.
The trading power system provides flexibility and ease as you don’t have to use all your points at once. In fact you can bank them for the following year or take two shorter vacations within the same year. For example, you might use the points you accrued from your week in a three bedroom peak season timeshare in Mexico for two weeks in a one bedroom apartment in Puerto Rico.
Simply put, trading power helps you take advantage of your timeshare week and allows you the flexibility to craft your vacations exactly as you like them every year.