JUST ENJOYING — Retirement, additional income, traveling or just having more
Additional income to travel and enjoy retirement to the fullest is what anyone
is entitle to after a long career.
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Although the concept of timeshares is not new to the public still people have many questions about timeshares. Few of the most important frequently asked questions that people enquire about are discussed as follows:RETIREMENT INCOME — PASSIVE RESIDUAL INCOME
Is renting a timeshare better than buying it?
Buying a timeshare gives you much bigger choices. As an owner of the timeshare, you get the amenities are better and cost much less. Owners can get discounts on lodging, entertainment, food, travel, and many other resort facilities.FREE INFORMATION ON HOW TO START A BUSINESS
The average rental fee is way higher than the average maintenance fee and is also increasing every year. In addition to all the above benefits, a timeshare owner has equity in the property which can come to the advantage of the owner when he wants to sell it.
Is buying a timeshare a good investment?
Many people get this question in their minds whether to buy timeshares as an investment. The answer can be disappointing to you because it has been seen that the value of the timeshare depreciates with time and they can go do as much as 30%-50% depending on the location and season.
A timeshare should be thought of investment in life, for guaranteed vacations and better facilities. Also if you compare the cost of owning a timeshare with a hotel in a long-term period, a timeshare would save you a lot of money.
Can you rent your timeshare to somebody else?
Most timeshare companies have a business network with timeshare companies and you are automatically enrolled into an exchange program and also the fee for the first year is paid by the timeshare developer in most cases.
You can also go to the timeshare exchange company and put your timeshare for exchange. But keep in mind few things like you will get similar kind of unit meaning you can’t expect to get a two-bedroom timeshare in exchange of a one bedroom.
Also, plan in advance if you plan to exchange timeshare as it may take a while depending on the availability. Also, remember there is a fee for exchanging timeshares.
What are fixed week and floating week?
In a fixed week plan you are entitled to use your timeshare only at a specific week each year and specific unit. But in a floating week you have the option of choosing a range of weeks but only on a first come first serve basis as many owners would like to do the same thing.
The advantage of a fixed week is that your timeshare week is assured and also the unit you want. While the floating week is advantageous to people who have schedule conflicts with a fixed unit timeshare.
Are there any other additional fees when you buy a timeshare?
The answer is yes. Typically there is a maintenance fee and another fee like a transfer fee if you are transferring a timeshare. There may be property tax also.
Should I have to pay any upfront fee while buying/selling a timeshare through a broker?
The answer is a strict no. Experts say never ever pay an upfront fee to buy or sell or rent a timeshare. Like any other industry, the timeshare industry is also prone to many scammers and frauds.