Timeshares have been one of the most highly debated real estate items for quite some time. Some believe they are a scam, and some believe they are a once-in-a-lifetime opportunity. Though most timeshare deals are indeed legitimate, there are multiple things to consider when deciding if this is the right investment for you. Here, we take a look at the pros and cons of owning a timeshare, and share what we think the final verdict should be.
The most obvious benefit of owning a timeshare is you'll get to take a guaranteed vacation every single year for life. Say goodbye to increasing hotel rates and expensive trips. Other pros of owning a timeshare include:
Like anything in life, there are cons to timeshares, as well. Before jumping in and deciding it's the perfect type of investment, take a close look at the cons:
As you can see, there are many pros and cons to owning a timeshare. Due to the large upfront costs and lack of spontaneous traveling (those are usually the best trips!), we feel it's best to simply stay in hotels and be able to travel as you please. Hotel prices vary greatly — so if you happen to be low on money you don't have to stay at the nicest resort. After all, who you're with and the sights that you see are typically what make a trip one to remember!
Of course, the choice is yours! Readers — what do you think? Do you or would you consider owning a timeshare?
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