A major question for timeshare buyers is “How much is a timeshare?” which is a great question. Understanding the initial and lifetime costs of a timeshare can help you feel confident in your decision to buy one. How much the bill will be can differ depending on the brand, location and accommodations among other factors. Here we will dive into the most important factors that come into play.
Costs of Owning A Timeshare
According to the American Resort Development Association (ARDA), the timeshare industry has just seen its tenth consecutive year of growth. Additionally, ARDA reports that the average cost of vacation ownership is currently $21,455. The average age of a vacation owner is 44 years and 64% of owners are married. A recent study by ARDA also found that the timeshare industry accounts for over 500,000 full and part-time jobs. To view the latest prices of timeshares on our marketplace, start browsing.
The initial price of a timeshare differs depending on which brand you are buying with as well as where you buy it from (retail or resale). For example, you might spend more after buying a timeshare at a presentation than you would if you found one on the resale market. Below are the main things that can affect timeshare pricing:
- Resort location
- Amount of points
- Accommodations such as number of rooms/bathrooms
- View from the room
- Amenities such as pool/casino/theme park
- Time of year (if weeks-based)
- Timeshare financing
Keep in mind, every sale of timeshare is different and there may be other factors involved not listed here.
Understanding Timeshare vs Hotel
If you travel often you may wonder what the difference between buying a timeshare or booking a hotel might be. Fortunately, we have developed a timeshare cost calculator to help with that. With our tool, you can see the potential cost savings you could have over the lifetime of your purchase. The comparison tool is located on every posting on our site, so feel free to use it whenever you want to compare!
Timeshares frequently feature more dining and living space as well as in-unit kitchens which are perfect for families. Additionally, you will also have top-of-the-line amenities and accommodations. All of these are seldom offered at regular hotels. Not to mention, when you join many of the top vacation clubs, you are treated as family and not just another guest. You join a new community of timeshare owners who also love the brand you own with.
One of the most apparent costs that come with owning a timeshare is the maintenance fees. Some vacation owners have to pay their maintenance fees to an HOA, much like owning a residential home. Most timeshare maintenance fees are due annually. In some cases, however, these fees may be either more or less frequently depending on the contract you buy.
Vacation exchange networks offer timeshare owners a great deal of flexibility. Traveling to new places each year is most travel lovers’ dream, and exchange helps make that possible. Companies like RCI and Interval International specialize in offering networks of resorts to their members. For example, you could travel to Orlando with your Hilton Grand Vacation Club timeshare and then visit Las Vegas the next through vacation exchange.
You might be curious why this is listed as a vacation ownership expense. In order to join these exclusive networks, you must become a member. We’ve updated the most recent RCI fees for you. Interval International also has annual dues for members to pay in order to join.
Buy Timeshares For Less
If you’re interested in how to buy a timeshare for less, we recommend checking out timeshare resales. Many owners list their timeshares for sale on our online marketplace and set the pricing. While shopping online, you can search for all brands/locations of vacation ownership—not just one. Another thing about timeshare resales is that you have the opportunity to negotiate the terms of the sale and place a personalized offer.
Additionally, there won’t be any high-pressure sales tactics with us. You can submit and offer and our friendly agents will get the process of buying started for you. For free help, give us a call at 407-465-5188 or email us at [email protected].