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
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.