Going on holiday isn’t just a luxury – sometimes it’s an absolute necessity! We all lead such hectic, busy lives these days that it’s no surprise if it suddenly starts to feel as though everything is getting on top of you… and when that happens, you know you need to take a break.
We’re very spoiled when it comes to trips away and you can book a flight at the drop of a hat, jetting off to parts unknown at a moment’s notice without too much fuss and bother at all.
But if there’s a particular part of the world you love and know you want to visit again and again, you might find that a timeshare – also known as vacation ownership – is the best option for you and your family.
It’s always lovely to have a home away from home, somewhere familiar you can pop off to for some well-earned rest and relaxation with your nearest and dearest – but it’s hard to achieve this sense of belonging without visiting the same place repeatedly… and that’s why timeshares are so perfect for some.
But how do timeshares work? Quite simply, a resort or holiday home is split up into shared ownership, typically paid in weekly increments. This means you’re sharing a unit with other people but you have an assigned week where you can use the property or resort as your very own.
When timeshares are purchased or rented, you’re buying an amount of time to spend in the place of your choosing, typically a week. Usually, these timeframes are given a number beginning at the start of January, carrying on right through until the end of December, but there are other options that could benefit you.
You could, for example, look into floating weeks, where you can reserve any week you like throughout the year – although this is usually operated on a first come, first served basis. There are also biennial timeshares, where you can go on holiday every other year.
It might also be worth looking into a right to use property, where you can use your timeshare for a certain amount of time, with a lease lasting for between 30 and 99 years. The company in charge of the resort will retain ownership of the property and when the lease comes to an end, your right to use the site will end as well, returning to the company in question.
One of the main benefits of setting yourself up with a timeshare is that it affords you a serious amount of space in which to enjoy yourselves. Whereas you would only have a hotel room or two to live in while on a typical holiday, a timeshare means you have the entire property in which to have fun.
Check out some interesting timeshare facts and stats on the Brandon Gaille blog.