Did you know that only 2 out of 5 Americans go on at least one vacation each year?
From expensive hotels to exhausting research to plan an itinerary, it’s no wonder why lots of people are turned off from traveling. If you need a push to start taking more vacations, then owning a timeshare could be the best form of self-care.
Even though timeshares can be a brilliant investment, it’s crucial to remember that they’re not all created equally. Keep reading to learn about the top 5 mistakes with choosing timeshares so you can be an informed buyer.
1. Not Understanding the Terms of the Timeshare
You should never be the type of person who listens to a well-crafted sales pitch and make a decision right away. You need to spend time reviewing all the details of purchasing a specific timeshare to ensure that the deal is as good as the salesperson is making it sound.
For example, understanding the difference of timeshare points vs. weeks could make a huge impact on your satisfaction with your purchase.
2. Not Factoring in Your Travel Lifestyle
A majority of timeshares are located in one spot, which means you’ll be locked into one city whenever you go on vacation. If this doesn’t appeal to you, then you should seek out more flexible timeshares that boast all types of property across the globe.
Finding a timeshare that meshes well with your travel goals will enhance your vacations instead of making you feel trapped.
3. Not Comparing Timeshare Costs
Comparing prices should always be included in your timeshare shopping strategy. Browsing your options can help you get a feel for which costs are reasonable and which timeshares feel like a scam.
You never know if you might end up finding an even better deal, so it’s worth taking a peek.
4. Falling for Strange Fees
A telltale sign of a scam is needing to pay a large sum upfront to secure a fancy deal in the future. If the salesperson has so much money waiting for you in a few months, then why do you have to pay now?
Be mindful of how each pitch is framed so you can save yourself from bad deals.
5. Being a Bad Host
Owning a timeshare means that you’re responsible for paying maintenance fees. If you can’t go on as many vacations as you’d like, then renting out your timeshare could offset these costs.
In a renter’s world, you need to be an accommodating host with a reasonable cancellation policy.
Now You Know Which Mistakes With Choosing Timeshares to Avoid
With so many options for timeshares on the market, it’s understandable why some people end up with buyer’s remorse. Learning about the most common mistakes with choosing timeshares will allow you to explore everything with confidence and pick your perfect match.
Traveling is a simple way to enrich your life, but there are plenty of other worthwhile endeavors you should consider as well.