5 Mistakes in Choosing Timeshares and How to Avoid Them
The timeshare business is a lucrative industry, with sales topping around $12.5 billion in 2019. People enjoy these getaways due to their unique locations and flexibility in scheduling.
There are lots of options for timeshares available, so it’s crucial that you know how to choose one that meets your vacation needs.
Read on to learn about five mistakes in choosing timeshares that people make, and what you can do to avoid them.
Table of Contents
1. Giving In to Pushy Salespeople
Many timeshare companies offer all kinds of incentives and use aggressive sales tactics to seal the deal. It’s important that you do your research and don’t give in when a timeshare company contacts you relentlessly. Keep in mind that maintenance costs for your timeshare will fluctuate and you’ll be responsible for the cost, so make sure you do your homework before signing a contract.
There are all types of property you can choose for your timeshare, but you should never consider an investment. In fact, most people lose money when they go to sell their timeshare which means you could end up losing money. Think of your options for timeshares as a fun vacation getaway and not as a real estate investment.
3. Buying Instead of Renting
Owning a timeshare is nice, but it will cost you a pretty penny over the long term and you might not use it as much as you planned to. Consider renting your timeshare so that you can get out of the contract if you ever change your mind. Renting also offers you more freedom to choose different locations as your vacation needs and desires change.
4. Not Doing Comparisons
Not comparing timeshare costs including fees and other key costs is one of the biggest mistakes in choosing timeshares. Always do some research and shop around so you can find the best deals. Don’t forget to look into timeshare resale listings so you can find the perfect location at a terrific cost to help you save.
5. Choosing the Wrong Location
There are awesome timeshares located all over the country and around the world, and many are at beautiful beaches and luxurious destinations. Make sure you’re picking a timeshare that is easy to get to and at a location that you and your loved ones will visit frequently. If you choose a location you can’t visit often, you won’t be getting the most enjoyment for the amount of money you spend.
Keep these mistakes in choosing timeshares in mind so you know what to avoid when you’re ready to take the plunge. When you find a great timeshare location at a great cost, you’ll have an amazing getaway that you can escape to for many years to come.
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