Timeshare Cost In 2020 | Factors & Fees
What does a timeshare cost in 2020? Timeshare cost is determined by a number of factors. Some of the costs are determined by week type, season, whether the purchase is resale or direct from the resort, the location, size and any maintenance fees paid to the resort.
Getting familiar with Each Of The Factors that affect what a timeshare costs is a good idea, especially if you are currently in the market to purchase a timeshare.
What Are The Average Costs For Timeshares?
According to the American Resort Development Association, or ARDA, the average timeshare cost in 2020 is $22,180. Some owners will pay more to own a timeshare, some will pay less depending on the size, amenities and other factors mentioned below.
Factors Determining How Much It Will Be Costing You
The First Factor in determining how much a timeshare will cost you is the type of week you choose to purchase. The different types are: Fixed, Floating, Right to Use and Points.
The Second Factor in determining how much a timeshare will cost is the season, or the time of year you are going to vacation. Certain times of the year have more demand than others in various resort locations, so the costs of a timeshare will go up depending on seasonal demand.
The Third Factor in determining how much a timeshare will cost you, is whether you are purchasing on the resale market or directly from the resort. Purchasing resale may be cheaper, but you lose some of the perks available from the resort.
The Fourth Factor in determining timeshare cost is the location. Popular tourist spots will be much more expensive and costly, and purchasing a week at a popular destination on a high demand week costs much more than a lesser known location on a low demand week.
The Fifth Factor in determining the price, or cost of a timeshare is the size of the unit. How many rooms a unit has will increase costs or decrease costs depending on the number of rooms.
The Sixth Factor to consider when determining the cost of a timeshare are maintenance fees. These are often yearly fees that go towards the upkeep and maintenance of the property. Maintenance Fee cost is largely affected by the size of the unit.