If you are planning to purchase a timeshare for your family vacations and you are attracted to a timeshare unit because of the luxurious and comfortable amenities that it offers, here are some additional information before you spend your hard earned money. Some facts regarding alternatives of timeshare purchase will also be discussed.

There are two basic types of timeshare purchase and ownership, namely, traditional and points based. The traditional ownership offers a single timeshare property with the option to use it for a specific week during the year. With this type, you are limited to the same location every year for your vacations. On the other hand, the point-based timeshare ownership, you are purchasing points to redeem for access to a variety of resort locations and accommodations. Therefore, with this type, you can choose when and where to travel, as well as your timeframe. The traditional timeshare ownership usually ties the buyer to a specific resort at a specified time interval. But some traditional timeshare companies also offer exchange programs that allows the owners to trade their weeks for other locations.

Each type of traditional timeshare also, has two options. We have the certificate ownership and the deeded ownership. With certificate ownership, you have the contract for a pre-determined number of years. In deeded ownership, you own the property in perpetuity for as long as you want, for the specified week(s) purchased. This type can grant you the right to pass your timeshare property to your heirs.