Published on May 23rd, 2023
Nowadays, the timeshare industry has over $10.5 billion in annual sales, with over 5,600 resorts in the world. Considering that around 9.6 million American households own one or more of them, it’s clear that timeshares are a worthwhile investment.
Of course, you still may be skeptical, as any amount of money can be potentially lost. And you always hear bad things about timeshares, so it’s best to avoid them, right?
However, you might be missing out on one of the best lifetime opportunities. Read on to see what benefits you can get from buying timeshares.
You’ll Save Money On Vacation
On a long-term basis, if you use the timeshare property regularly, it’ll save you money. This is because hotels and other vacation rentals can cost much more, and over time, this can add up.
In addition, many properties have amenities and services you’ll have to pay extra for when choosing traditional vacation options, such as meals and organized activities.
So if there’s a destination you enjoy visiting, then buying timeshares there is a good idea.
There Are Exchange Programs
You aren’t always tied down to the one property you’ve bought shares in. Often, there are exchange programs that offer flexibility.
For example, the company may allow you to swap your timeshare week for a different location. Or they might allow you to pick a different time of year.
You Can Make Extra Rental Income
Not planning on traveling as much in a certain year? Or are you interested in exploring more of the world? Then you don’t have to let your timeshare go to waste.
You can rent out your timeshare week to interested vacationers and recoup your loss (such as paying maintenance fees). In many cases, you can even make extra rental income!
There’s Good Resale Value
There may come a time when you tire of your timeshare, and that’s ok. If you’ve bought from a branded resort, then there’s a better chance of your timeshare holding its value. In fact, some may even grow with time, so you can make some money back.
Even if you sell for less than you bought for, if you’ve used the property repeatedly over the years, you’ll probably still come out on top.
Click here for selling timeshares if you want to learn more.
Buying Timeshares Is A Good Idea
If you were on the fence about buying timeshares, then these benefits should open your eyes to the subject. It can be worth timeshare rentals if you vacation in an area often and want to save money. Plus, there’s potential for extra rental income and great resale value.
So the next time you get a timeshare offer, don’t just shut it down immediately. Take the time to find out more about it, and you may have a worthwhile investment on your hands!
If you’re interested in property investment or want to learn more about real estate, then keep reading our blog page now.