Timeshare ownership seems impeccable—especially when you bought it during its peak years in the 70s and onwards. The concept originated in the French Alps by a French hotelier. It became the answer to the vacation needs of middle classmen. Owning a vacation house as well as traveling was once necessities. It was also that time wherein commercial planes started to fly.
The timeshare phenomenon continued and spread across nations. It showcased the many beautiful vacation hotspots of the world from the US to Europe and to the rest of the world. Assurance for a vacation in a certain time of the year lessens the clients’ booking time. No more questions to be asked since owners already know what to expect. Timeshare expectations are always high and developers never failed to do it since they are the top hotels, resorts, etc. in their respective places. In here, you are also assured of high standards in terms of facilities, amenities, as well as services.
As time goes by, innovation was incorporated to suit the needs and the desires of timeshare owners in the form of perks. Flexibility became a word fixture that best describes timeshares as it ventured into Exchange programs wherein clients could have a timeshare experience in another location and thus is not limited to their purchased unit.
These and more are just few of the timeshare privileges. But these privileges are paid not just once but many times in your entire life.
A deeded timeshare requires the owner to pay the unit’s maintenance fees throughout his lifetime. Since it is deeded, it can be passed on the immediate beneficiaries who could be the owners’ children. The responsibility of paying the maintenance fees are now in the hands of the children. The scenario may not seem to be a problem but later on you’ll discover that the payments may be a burden to you. It will be since almost all the commodities and services’ rates increased due to recession and that includes the rising of maintenance fees. Whether you like it or not, or whether your income couldn’t sustain those expenses are not the problem of the developers.
So you might as well give it up as early as now. Why waste your money on a unit that you don’t use that often? You don’t want to get stuck on its fees, do you?
Resource: http://www.timesharereliefnow.com , Timeshare Relief`s official website.