Timeshares have been very popular for the last several decades. Traditionally the owner invests around $16,000-$17,000 in exchange for spending one or two weeks per year at that property. Additionally the user spends at least $300 per year for annual maintenence fees. This expense can go as high as $900 or more each year. This expense must be paid no matter if it is used or not. The owner's week can be exchanged for a different week or location as long as a fee is paid to a Timeshare exchange company. Usually the exchange fee is $200 or more.
So just exactly why are Travel Club Memberships in such high demand these days and why has the popularity of Timeshares been decreasing at such an alarming rate? The following should help to answer this:
1. Initially, the capital investment requirement is much lower when buying a Travel Club Membership. This investment amount can be at least five to six times less that that needed to buy a Timeshare. And when you factor the current economic slowdown into the equation, it makes much more economic sense.
2. Also there are no upkeep fees required because you pay as you go. Costs can be as low as $298 for an entire family for a whole week. If you do not use it you won't pay anything. And what many people do not realize is if you fail to pay your upkeep fee on your Timeshare, you could have your Timeshare foreclosed on. Even if you failed to use it during that entire year. There are no taxes or check-in fees included in this weekly rate. And most of all, there are no dreaded Timeshare presentations required in order to experience these extremely low rates.
3. Like we discussed previously. When you own a Timeshare you will have to exchange your week for another if you wish to vacation at a resort other than the one you own. You can do this by contacting a company like RCI. RCI will allow you to exchange your Timeshare week with another that's in their registry. This can use up alot of your time and also can cost up to several hundred dollars. Alternatively, you can post your ad on several places online like Craigslist or Backpage. Hopefully you'll find someone that wants what you have and vice versa. . Now, when you own a Travel Club Membership you most certainally will have 10's, 100's, or even 1,000's of elite properties from which to choose. And you will have accessibility to some of the most sought-after vacation destinations worldwide.
About the author: Wayne Hinrichs is a travel club membership consultant. Wayne enjoys helping travelers receive access to elite timeshare places at the lowest rates possible. He also helps clients receive big discounts with their Hotels, Cruises and Airfare at some of the nicest destinations.
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