Timeshare suffers from a lot of criticism, some of it deserving while some of it misplaced. The justified complaints are frequently associated with timeshare scams which give genuine timeshare developers the hard task of fighting a negative reputation. Putting timeshare scams aside, below is a list exposing some of the most common timeshare myths that frequently put off potential owners from following their dreams to become a vacation property owner.
Costly
Many people believe the myth that you have to be rich or stupid to buy a timeshare, when you don’t have to be either to enjoy fractional ownership. Buying a timeshare is an affordable way to experience luxury vacation ownership at reasonable prices. There are lots of different levels of timeshare ownership to suit all budgets, which also means that your timeshare can grow with you as your economy increases over time.
Precarious Business
The risk in timeshare is easy to spot and is associated with emerging companies, unbuilt resorts and deliberate scammers. When you buy with a reputable long standing developer it is very unlikely for you to lose your investment. To be honest, the risk involved in timeshare is very low. With a little research into the timeshare company, you should be able to avoid any fraudulent or risky operators.
Too limiting
The most common excuse for not wanting a timeshare is that people believe the myth that you are locked into the same week every year in the same resort. While that can be the case, it is your choice if you do so. Timeshare is actually very flexible and there are those who rarely stay in their “home” timeshare who opt to exchange their weeks and visit different destinations every year. Likewise, there are those people who deliberately want to return to their property every year as they like the familiarity and the friendships they have made.
Maintenance Scams
Maintenance fees are not a scam but a necessary “evil” to ensure the quality and repairs of your timeshare property. The fees also go towards the upkeep of common areas such as the pool, gyms and spas, so you can see where your money is going. Owning a timeshare means that you get to divide the cost of maintaining these luxuries; all you have to do is pay the fees and the operator takes care of the rest.
