Are Small Timeshare Companies Safe?
October 14, 2013
With any investment, there is a risk and as a rule, the smaller the company the greater the risk factor, and the same is true of timeshare companies. While buying a timeshare is intended to bring a lifetime of happiness, the reality can be somewhat different if you do not do your research.
Frequently, the smaller timeshares companies can appear to offer the best deals and generally give away some apparently excellent incentives to go to a timeshare presentation. Like the company itself, these freebies are often too good to be true. It is always important to take into consideration the product you are buying, especially if you are dealing with a small timeshare company.
Timeshare experts and advisors generally hold to the opinion that the larger long-standing companies are best, so lets have a look at some of the reasons why smaller companies are not the best option:
- Financial insecurity – here today gone tomorrow
- Harder to carry out background checks and research
- Lack of experience
- Don’t benefit from economies of scale
- Less flexibility and choice
- Few upgrade options
- Higher Maintenance Fees
- Harder to resell or rent
Happy Timeshare Tips
August 12, 2013
Fractional ownership and timeshare is supposed to be a positive experience. Those who claim otherwise have usually been subject to a scam or some kind of intentional ripoff. Even so, it is prudent to think about the benefits and disadvantages before buying a timeshare. Take a look at the top tips below to make sure your purchase is a success:
Choose a destination where you would like to return on a regular basis and one that would appeal to others. You never know when you may want to rent or sell your timeshare for profit at a future stage and a great destination will make it easier to market your timeshare. The best tips for choosing a destination are to consider the amenities, restaurants and services close by. Is your resort near to downtown? Does it have its own beach access? Is there room for development in the future?
Choose a destination that has regular direct flights at great prices. This will make it easier to take full advantage of your property and makes traveling with the family much more comfortable.
Choose an Established Operator
Save yourself time and money by buying from a renowned timeshare company like The Villa Group Timeshare, preferably choose an operator that has years of experience. The benefit of opting for experience over new companies is that you reap the rewards of their expertise and avoid the risk of the company going out of business before you get chance to enjoy your unit.
How much can you afford?
There are many different levels of properties with a price for almost everyone with a credit card. However, it is preferable to be clear about what you can realistically afford to pay so that the seller can find the perfect property for your budget and necessities.
Make regular use of your property
It seems obvious, but the best way to enjoy your timeshare is by using it. Timeshares can be lent to family or even rented for profit. There is no need for your property to be left empty during your purchased week(s). Enjoy the fruits of your investment and make regular use of your timeshare.
Beware Timeshare Nightmare
August 11, 2013
Timeshare produces an array of different responses from owners who are really happy with their timeshare to those who have had a negative experience because of a deliberate timeshare scam. However, most timeshare operators are actually legitimate and there are a few ways you can avoid a timeshare nightmare as shown below:
Beware Timeshare Nightmare
Choose a timeshare company that has a great track record, like The Villa Group Timeshare.
Experience and expertise has a lot to do with your timeshare experience and a reputable company will make all the difference. Avoid new companies that have just begun and those companies who only have one resort or condominium. Making a simple Internet search will help you sort the legitimate companies from the scams.
The best way to avoid a timeshare nightmare is to know what you want from your vacations. If you like returning to the same location then a fixed week timeshare would be perfect for you, but if you like to go somewhere different each year you may want to add your timeshare to a vacation club or preferred access scheme. Nowadays you can exchange your timeshare for almost anywhere in the world, including cruise vacations.
If you think that your timeshare purchase is going to make you lots of money then you are on your way to disappointment. While you can indeed make money on vacation rentals or selling your timeshare at a later date, the return on your investment comes mainly from enjoyment and memories.
Another way to make sure that your timeshare does not become a nightmare is to keep up with your maintenance fees. These are essential to secure your investment and ensure that your property is in good shape when you arrive for your vacations. If you stop paying your fees you could be subject to legal action – a nightmare you definitely would want to avoid.