Although most of the advantages that come with vacation ownership are experiential there are some financial benefits which should be taken into consideration when you purchase a timeshare or membership to a residence club. It is true that the real benefits of buying a timeshare or joining a vacation club are related to the great accommodations you have access to in the best vacation destinations in the world and so on, but many people overlook the way that vacation ownership can save you money.
The first consideration is the fact that when you buy a vacation property, you are paying today’s prices; and as we all know, inflation will have its way no matter what. Therefore, over time you will essentially be saving money on your future vacation accommodations. This is especially true if you are able to pay for your membership or timeshare unit without taking out a loan or can quickly pay off the capital. What you will find is that your accommodation will simply start to pay for itself the more you use it.
When you have fixed your dates for your vacation, you can start planning in advance and are therefore more liekly to get the best airline deals. This is a hidden bonus of vacation ownership because you are encouraged to reserve with time and can take advantage of cheaper airfares, thus saving you money.
As opposed to full ownership, your maintenance costs will be lower when you buy a timeshare or join a residence club. You share the costs with all owners rather than hold sole responsibility for paying for the upkeep and cleaning of your property.
One key way that you can save money by owning timeshare relates to the type and size of the unit you buy. If you were to purchase a suite with one or two bedrooms, a kitchen and dining area etc, you would be able to save money by fitting all the family into one unit. Likewise, you can make good use of the kitchen and not spend so much eating out in restaurants every night.
Finally, other financial benefits of timeshare, vacation clubs and residence clubs are the deals, discounts and offers that are available for owners. You can sometimes get great deals on car hire, discounts in local stores and restaurants.
