Posted on July 25, 2008 in Latest News
Everything in our life has pros and cons. You, me and everyone will lead our lives in a proper manner by following certain pros and cons. However, procedures may be essential to some of us and cons to some. In this timeshare industry, it depends on yourself, how you estimate the benefits and advantages of buying a timeshare with your lifestyle and financial circumstances.
For some people, timeshare investment may be a smaller portion of their wealth but for some it can be hard earned savings of their whole life. In either case, a smart thinking person always looks into the procedures and conditions before investing money in timeshares.
Pros of Timeshares:
Let us discuss about the pros first. Starting with timeshare properties, they are more affordable compared to purchasing a real estate property for life and only using it once a year. Analyze this with purchasing a property for lifetime for $250,000 with timeshare which may be only $15,000 plus annual maintenance fee of $500 for the lifetime. Let us assume the lifetime span of 35 years, then the calculation will be as follows:
$15,000+35 years x 500 = $32,500 for the lifetime
Compare it with purchasing a real estate property for lifetime you can save $217,500. Don’t you think it is a lot of money? Is there any other reason to invest that much of extra money for once a year use? As expected, most of you say ‘no’ wisely.
Now, we will compare it with the cost of hotel. For example, you spend $1,500 every year on a hotel, lets us estimate the cost for 35 years:
$1,500 x 35 years = $52,000 which is still more than $32,500 you pay for timeshare for the lifetime.
In a hotel you may get only one suit. But, a typical condo will have two or three bedrooms, one or two bathrooms, a kitchen and a dining room. In a timeshare apart from saving a lot of bucks you can enjoy the homely atmosphere.
Cons of Timeshares:
Understand and analyze the pros and cons of timeshares and make your vacation memorable.
» Filed Under Latest News
