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Fractional property Ownership: The Growth of its Gainful Aspects and the Issues of Possessing One

By Edited Sep 27, 2016 0 1

Despite the international crisis dealing a blow to the real estate industry, timeshare property possession proved its competitive expansion in the economy, by outperforming guests' expectations through endless advancement in services.

Families, couples, and even singles engage in timeshare vacations, mainly because of the benefits that it brings. However, there are folks who refuse to purchase one, no matter how fantastic the offers are, because of the unavoidable hassles and risks of partially owning a bungalow that may be thousands of miles away from their domiciles.

To truly know whether timesharing will work for you, here are some of the positives and cons of maintaining a timeshare, before deciding if it's the right investment for you.

One of the most apparent benefits of owning a timeshare property has to be practicality - financially and comparatively speaking. When compared to the amount spent in renting a hotel room or buying a piece of real estate property that you probably use only once a year, possessing a timeshare is definitely the best move. Timeshare works pretty much the same way as buying a pet does. You pay one time for the ownership and make extra, considerably smaller, payments annually for the maintenance of your shared asset.

Moreover, timeshares normally offer a more comfortable stay, providing ample space for a larger family. Timeshare condos are often much bigger, loaded with full kitchens, living areas, and multiple bathrooms, compared to ordinary hotel rooms, which will become expensive once a vacationer requests for a larger one.

Other excellent benefits of possessing a timeshare include the distinctive rewards that go with it, like use of the spa or golf course and access to exclusive restaurants, and the exclusive exchange program that allows owners to stay in different properties every year if they choose to.

Despite these benefits, owning a timeshare may not be the best choice for people who do not take a yearly vacation, or who might want very flexible travel plans. Though there are vacation ownership exchanges that offer swapping, this is troublesome if people do not take a regular trip, or travel on a whim. In addition, the yearly servicing charge would be useless if the owner won't be using up his assigned weeks for the year.

SCAM ALERT. There's a saying: "If it's too good to be true, then it probably is." Due to its continuous popularity and growth, the timeshare industry has seen its fair share of scams. Offering members over-promised yet very irresistible packages, scam artists supply an experience falling far short of what they promised, or sometimes market property that do not exist at all. It is highly recommended to all owners to be aware and not fall victim to increasing fraud practices, by looking for the company online and paying special attention to owner reviews and consumer advisory alerts.

MARKET DOWNTURN. Some timeshare owners end up reselling their fractional homes in hopes of acquiring a better one, or just to be rid of the annual fees. However, with the ongoing distress in the real estate industry, selling these properties, despite all the advantages, would be tough. We understand that some families invested their ownership in hopes that the property's value will rise, but now is not the best time to sell it or else you'll only lose a large amount of money in the deal.

These are some of the usual merits and disadvantages of timeshare ownership. Some might not be tackled here but are currently experienced by some owners. The idea here is weighing-out the positive aspects and complications that you have encountered before investing your hard-earned money.

You're not being paranoid when you research on something that has to do with thousands of your money. With such a substantial investment, it's only suitable to be wise.



Aug 27, 2010 6:45pm
great information here, research is definitely the key. Great article!
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