Buying a timeshare is an exciting prospect. If you’re considering making an investment in your family’s future holiday happiness, you probably have a lot of questions that need answering. Let’s help you get started understanding timeshare by taking a look at what it is, how it works and more.

What is timeshare?

In a few words, timeshare is a way for you to buy the right to enjoy a stay at a holiday property for a set period every year, for a determined number of years. For many happy timeshare owners, it’s their preferred way to go on holiday.

One way timeshare works is that you own the right to enjoy certain weeks at your resort property and can trade in your weeks for weeks at other properties around the world. Other timeshare schemes are based on a system of points that you can spend at resorts, or on both weeks and points.

Timeshare is an affordable way to enjoy your holiday property just when you need it

As you look to buy your timeshare property, you’ll soon see that timeshare prices depend on a number of things, such as the location and size of your property, the resort facilities, and whether you are buying peak season or off-peak weeks. Apart from the initial purchase price, you will also have to pay yearly maintenance fees to cover the running costs of the property.

There is a wide variety of resorts to choose from, and no matter your budget, you are sure to find the right timeshare deal to meet your family’s needs.

Timeshare has become very flexible nowadays, while still remaining cost effective in the long term. Naturally, buying into a popular resort and dates gives you the best and widest trading options possible, so that’s another thing to keep in mind as you explore your options.

Try before you buy

We highly recommend that you stay at the resort you’re considering, if possible, before you decide to buy your timeshare. Get to know the resort and its staff and see if they are right for you and your family.

Ask the resort if they have a rental program. Most do, and will even offer you a discount if you agree to attend a sales presentation during your stay.

While you are on holiday at the resort, be sure to speak to other owners and guests and ask them about their timeshare experience. That’s a great way to get an unbiased opinion of the resort that will help you make a final decision.

Some of the advantages of owning timeshare

Different timeshare owners will all have different reasons why they love their timeshare properties.

Generally speaking, the timeshare experience is superior to staying at a hotel because you get to enjoy a holiday property with larger living spaces, a fully-equipped kitchen, and a whole range of resort facilities. Owning timeshare is also more cost effective in the long run.

And if you choose to visit the same resort/s regularly, you are likely to meet the same people again and again, make lasting new friendships, and build a wealth of extra-special memories.

Should you buy your timeshare straight from the developer or from a resale company?

The main advantage of buying timeshare from the developer is that you enjoy the consumer protection and peace of mind that you get with a regulated market. Developers are also likely to offer you extra perks and benefits as closing incentives.

On the other hand, it can be less expensive to buy from a resale company. The European timeshare resale market is regulated, and you enjoy the same 14 calendar day cooling off period as when buying from the developer. If you go this route, we recommend you only buy from a resale company that is an RDO member, so that you enjoy the added protection this affords.

Buy timeshare property and invest in delightful holidays and treasured memories

One important thing to understand is that timeshare is not a real estate investment, in the sense that you shouldn’t expect to make money by selling your timeshare down the line. However, when you buy timeshare, your return on investment is measured in terms of lovely holiday experiences and pleasant memories, which are precious luxuries in our fast-paced, busy world.

If you like going away every year, enjoying the top notch facilities you find at many timeshare resorts and building a treasure trove of cherished moments with friends and family, then timeshare could be just the thing you’re looking for.

We hope you enjoy exploring the GoTimeshare website and discovering the many fascinating resorts, destinations and opportunities that await.