By Justin Zouhari
Vacation ownership is a term referring to owning a timeshare. It’s usually a deeded ownership (like a house) where you are purchasing a period of time where you can stay at your favorite resort.
Timeshare ownership is another common term for vacation ownership. It means a person owns time at a resort of their choice with a brand of their choice.
Timeshare or vacation owners are also called members of a resort, where each member is allotted a specific amount of time or rights to the unit, as well as added perks and benefits.
If you plan on budgeting for vacation every year, this may be an effective way to do so. Many vacation clubs through Wyndham, Hilton, Marriott and Disney allow you to have options when it comes to travel.
There is an extensive market for timeshare resale that can allow you to own your vacations for a lot less than buying retail.
If you’re not ready to dive into ownership just yet, you can still experience timeshare through renting. Timeshare rentals are available now.