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Key Timeshare Considerations

Updated: 11/10/2020
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People who want to invest in a timeshare should do some homework before signing an agreement. No teacher ever gave an assignment this much fun, however. The homework for buying a timeshare generally starts by vacationing in one of the timeshare condos or as close by as possible.

The Try-out

Before buying a timeshare, it's best to try it on for size. Rent for a weekend or stay a week, if possible. Determine how well you as a couple or family can fit into the timeshare condo. Is it too small? Does the porch or patio provide extra living space or is it just for show? Asking questions and evaluating the construction of the unit helps to focus on what is important.

Does the condo complex offer amenities? Most travelers expect a minimum of a pool and a hot tub. Others expect workout rooms or game rooms for the kids.

What other fees are involved? Many timeshares offer Golf but the greens fees are not pro-rated just because you are staying in the golf timeshare condo complex.

What is the cost of bike rentals? Boat rentals? If you have a favorite activity, it pays to find out the cost of these activities at or near the timeshare. If these are high, you may want to consider that fact as part of the price of acquiring that timeshare.

The Area

If the weather is bad, what else is there to do? Some beach areas are near urban centers which provide many outlets for shopping, recreation and dining. Others offer few cultural activities outside of bars and cafes. What is available for that inevitable day when rain, sunburn or boredom drives you from the beach?

If the timeshare is in the mountains, similar questions apply. Will you feel isolated if the weather is bad? Will snow or bad driving conditions keep you from using a mountain timeshare? Is the area overly commercial or too quiet and remote?

Schedule and Distance

Before signing, be very clear on the schedule. You don't want a timeshare that you can't use because the dates are never convenient. Also, consider: will the round trip distance be a problem? The cost of driving or flying must be manageable on a regular basis in order for you to enjoy the timeshare.

A timeshare can be a great value if you do some homework first.

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