What Is A Timeshare & How Do Timeshares Work?
what is a timeshare and how do timeshares work? Also referred to as vacation ownership or fractional ownership, what a timeshare is, is a property with a divided number of owners, each vacation home with varying ownership and use rights.
How does a timeshare work? Typically timeshares are at vacation resorts and set up in such a way that resemble condominiums. What really sets timeshares apart from regular hotels are their amenities.
What Are They Used For?
What is a timeshare used for? Timeshares are used for a number of reasons. They can work to give you the peace of mind that a property will be there when you want to use it to stay at your favorite vacation resort or vacation spot.
Since a timeshare is owned, there is no need to book a reservation with fractional ownership as you would need to staying at a hotel or motel so owning and using one is a hassle free alternative to hotels or motels.
Benefits Fractional Ownership Over Hotel Or Motels
What a timeshare does, is ensure the opportunity to take fabulous vacations with one's family, usually putting the family up in a larger sized accommodations than just a standard hotel which is especially nice if it is a large family that a standard hotel would not be able to accommodate.
Larger sized accommodations is just one of the many perks of owning a timeshare and staying at a vacation home rather than booking a hotel.
Another perk of timeshare or vacation ownership over staying at a hotel or motel is that they have many or all of the same amenities as both home ownership and a luxury resort!
Treated Like A Property Owner, Not Just A Renter
What is timeshare ownership like? With fractional ownership, you are considered a property owner rather than just a renter, so you are treated with the respect allotted to a property owner, as well as the fact that timeshare resorts offer much larger accommodations than standard resorts or hotels and motels which further increase your quality of stay.
Timeshares do come with the responsibility to take care of ones property by paying a yearly fee, also known as a timeshare maintenance fee, but so long as you use it, the fees tend to be less then the standard inflation that one sees in hotel rates on the rise.
Need help understanding your timeshare better? Visit our FAQ Page on timeshares.