BUYING A BEACH FRONT ROPERTY OR A VACATION VILLA

Buying a beach front property or a vacation villa may be easy for rich and wealthy but not for common middle class people.

he introduction of timeshare concept gave hope to those people who could not afford to buy a brand new vacation home.

That is one of the reasons why the timeshare industry has grown by leaps and bounds ever since its inception in the United States.

One of the aspects of a timeshare property that attracts most people is that they can have a wonderful vacation home without having to worry about its upkeep and maintenance.

But at the same time people have many misconceptions about timeshares. One of the biggest misconceptions is that they compare timeshares to regular real estate property and consider it as an investment option.

But in fact it should be thought as an investment in your dreams i.e. vacationing at a place where you want to go every year.

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Investing in real estate could reap profitable returns but if you invest in a timeshare it may not be guarantee in fact you may end up losing money.

But what if you still want to buy it and you expect no profit from it but neither loss also at the same time. There is always one question in the minds of those people who are planning to buy timeshares.

Is it really worth buying a timeshare? To answer this question you have to go through an analysis of various factors.

An analysis should consider factors like comparable rent of alternative accommodation, appreciation of the timeshare property and your finance rate. How do you do it? Here is a simple calculation.

Consider the worth of your investment as profitability. The profitability should be a measure of the comparable rental rate, rate of appreciation and your finance rate.

If the sum of all these is a negative number then, assume that you are losing money in your investment. The rental rate is the ratio of the rent of that vacation property to the buying price of that timeshare.

Suppose if corresponding rent of that vacation timeshare is $1,000 and the buying price is $10,000 then the rental rate is 10%. Now if we include the annual maintenance cost, membership and all other miscellaneous expenses, if it comes around $500.

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So the actual saving in rent will be $500 now and the rental rate will be the ratio of $500 to $10,000 which gives us 5%.

Now if we assume the annual appreciation of that property is 10% and the rate of our finances is 16%.

If we add rental rate and appreciation and subtract the finance rate you will end up with a negative percentage which means you are losing 1% every year compared to rent.

But this formula is only a rough calculation of the profitable of your investment and may not be accurate. This is just to give you a start up. The depreciation rate may vary and so as the finance rates.

The maintenance fees and other fees may also vary with different locations.

Some resorts have charge reasonable maintenance fee and other fees but some exorbitantly high fees.

So, this is also should be a factor in deciding which resort to choose, it is not a smart idea to pay unusually high fees when you don’t know whether you can utilize the property year after year and you may think of renting out the unit which is not a profitable proposition too.

Another good idea is to add up the cost of your timeshare for the entire year i.e. all fifty two weeks and see. For the above investment it may be around 520,000.

But, does the timeshare property cost that much if somebody wants to buy it as a real estate property. The extra money goes into the pockets of real estate developers who are selling the timeshare.

So carefully weigh in all the factors discussed above before buying a timeshare property.

If you assume that all Timeshare Condos consist of 2, 3, 4 bedrooms units, your
assumption is wrong.

Their are studios, l bedroom units, and units that have
separate bedroom with no door (privacy). By calling the resort you can be clear on
what your condo unit consist of.

Also, other questions like activites, area eating
places, car rental can be answer. This is for the beginner travel

HEALTH AND WEALTH

I’m sure you must have come across the cliché “health is wealth” but do you know what it means and why you should give it a thought? Well, this article will help you put things in retrospect so that you can finally enjoy an optimum healthy life.

Do you know why health and wealth go together?

It’s simple when you’re healthy; you would live longer and hardly spend your money treating one ailment or the other, how cool can this be?

This is why embracing healthy lifestyle choices are the best bet for anyone who wants to enjoy a healthy life.

Yes, you’re rich and can afford all the good things that life has to offer, but without a healthy lifestyle, you’ll spend the majority of your money trying to treat one health conditions or the other, and I’m sure you wouldn’t want that right?

Now is the best time to start making intentional, healthy decisions, if you have been depending on junk foods together with other unhealthy eating habits for far too long, you should strive to change the narrative by embracing healthy lifestyle choices.

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Yes, your work schedules may not be giving you all the time you need to eat healthy meals, but you should strive to always eat healthy meals regardless of how busy you’re.

Remember, you can have all the good things in this world and living healthy may not be one of them.

To maintain a synergy between health and wealth, it would be smart to come up with a healthy eating practice that not only includes healthy meals but some form of activities too.

Always remember that when you eat healthily and spruce it up with one exercise or the other, you will enjoy a blast of wellness like never before.

Stop spending your money treating one ailment or the other, all you may need to enjoy a healthy life is making healthy lifestyle choices.

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