For some people, timeshares are a way to a great vacation. But we also hear a lot of stories regarding complaints from owners and how hard it is to get out of their timeshares. It is not all pleasure when talk of timeshares. There are also a number of drawbacks with this vacation option.
First, there is not much flexibility over time and location with timeshares. With this option, you’ll only get the chance to be in you unit over a specific time. Although, there are some options today about timeshare exchange but this comes at a considerable fee.
In addition, timeshares can be too costly. When you purchase the unit, it may have a very competitive price. But you might overlook the extra fees that the resort owner is asking you. This includes charges like housekeeping, park and reservation fees and this might be higher than what you really paid in acquisition.
Moreover, you should also expect additional charges every now and then with timeshares. With this, it puts you into a lot of fees and charges like special assessment fees that may come anytime once you own it. Sometimes, these are higher than the cost when you purchased the unit.
Lastly, take note that the promises of timeshares are made to advertise. Promises are just ways to catch much attention from potential buyers and resorts who are selling a piece of their vacation property make sure they are getting a lot of bids. Resort owners will do their best to convince people on trading opportunities with timeshares. Some of these companies would even mislead the consumers with some information just to close a deal.