We’ve all heard the stories of people spending tens of thousands of pounds on a timeshare week and getting burned later when they end up not using it. They may have even taken out finance in order to pay for it, which means that interest builds up. While this can all be a nightmare for some, for savvy spenders who wish to secure their future holidays, they can actually save money with timeshare in the long run.
It may seem expensive to spend upwards of £10,000 on a timeshare—especially when bought directly from the resort or developer. However, if your family’s annual holiday costs you £1,000 and you spend twenty years visiting your home resort, spending your points, or exchanging, that initial outlay pales in comparison to how much you’ve saved over two decades of holidaying.
A Few Ways to Save Money with Timeshare
Freeze your costs at the start. The hotel market can be volatile and prices change all the time. If a hotel’s price goes up in the future, the cost of travelling to your favourite location increases. In contrast, the cost of your timeshare never changes. Even if the price of a hotel increases, you’ll always pay the same amount. This is the easiest way to see how to save money with timeshare. It ensures you will take regular vacations that aren’t affected by price changes.
Explore the option of renting out your timeshare. If you can’t vacation at your timeshare one year, renting it out can cover your maintenance costs. The amount you can charge depends on the property location and the week you own. If your week is in demand, you may even be able to charge more than the yearly maintenance fees. Some resorts even have their own rental programme where they will find someone to rent the week and pay you an agreed amount for the privilege of doing so—all hotels and resorts want to have a consistently high occupancy, so it benefits everyone involved.
Reduce Costs and Book Cheaper Flights
Reduce your costs in comparison to if you owned a holiday property outright. It’s a long-standing debate: is it better to invest in property or buy a timeshare? There are advantages to both, but owning a timeshare means you’re not solely financially responsible for the upkeep of the property. You pay an annual fee for maintenance – but this is shared with other timeshare owners. Also, with an investment property, you’re responsible for keeping it booked for as much as the year as possible. This can be stressful, given that most houses are empty outside tourist season. With a timeshare, the cost of the property is split between all timeshare owners.
Enjoy the ability to book cheaper flights. With a fixed week timeshare, you know exactly when you’re going to take your holiday. This means you can book flights whenever you want – months in advance or close to your travelling date – without worrying about your accommodation being unavailable. By watching the price of flights, you can often save money by booking at the cheapest time.
In conclusion, you really can save money with timeshare if you take the time to do your research. You’re essentially buying future vacations at today’s prices, and you can even rent your timeshare to make some of the cost back. While the upfront costs can be higher, many people find that timeshares are cheaper than booking vacations each year… Particularly when buying timeshare with a resale company such as Travel & Leisure Group.
Save Money with Timeshare Today!
When buying timeshare with us, you buy privately from existing timeshare owners. You’ll receive at least fifty percent on the developer’s list prices (if not more) by simply cutting out their marketing costs—these often make up at least forty percent of the list price. By buying from existing owners, you also have access to the owner’s knowledge of the resort, so you may get a few insider tips along with the bargain price! You’ll also be able to avail yourself of our team’s unrivalled knowledge, collected over nearly a quarter of a century in the timeshare industry.
So if you want to save money on future holidays, contact our friendly Buying Team today.
Until next time, stay safe and travel happy!
Originally posted on our WordPress blog 18/08/2016.