Mainly, the thing that attracts consumer to purchase a timeshare is that they are promised that they can save a great amount of money than going on an ordinary holiday club. But as it turned out, many are frustrated with this issue and as a result, several owners are trying to get out of their timeshare contracts. Along with this, there are also a number of reasons why you must stop owning a timeshare.
One reason is that you might be loaded with your work so you don’t have that much time anymore. Also, you might already be tired of seeing the same place every time. Because of these, you are not optimizing the usage of your unit.
Another important aspect to consider is that you might be sick of paying the increasing maintenance fees, special assessments, and taxes. These fees are of considerable amounts. We are talking here of thousands of dollars which you will be made to pay to maintain a timeshare unit. If you’re considering to pass your timeshare to your children or heirs, they will also inherit the taxes, fees, and all other burdens associated with the property, whether they like it or not.
You may also feel that because of the timeshare, you are restricted from experiencing other vacation getaways. After all, if you are paying for your timeshare unit, you might as well use it and considering other vacation options is an additional cost. So if you still want to enjoy vacation spots other than your timeshare unit, then your expenses would definitely double, if not triple.