"A mind once stretched by a new idea can never regain its original dimensions." ~Oliver Wendall Holmes

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Thursday, April 07, 2011

Number 23: Seriously look into (and possibly buy) a timeshare

For a long time, I have liked the idea of having a timeshare. I have been considering buying one for many years. I liked the idea of having a place to go on vacation once a year. I liked the idea of paying about the same amount for a resort that I would pay for a cheapo hotel. I liked the idea of having the timeshare to give as a gift. I liked the idea of travelling all over the world and always having a place to stay. I liked the idea of letting Avery using it. I liked the idea of owning my vacation and passing it on to my kids.

After some research into timeshares, I discovered that that's just it...I LIKED THE IDEA.

Once I got into the research, I discovered that the cost is not really worth it for me. First there's the cost of buying it, then there are the yearly maintenance fees that run around $1000 per year for the type of timeshare I was interested in. Some of them you couldnt even use every year, but you still had to pay the fees. Also, most timeshares lock you in to a specific week of the year and I dont want to be locked into vacationing the same week every year. I found out that it is difficult and a process to "share" your place with someone else. So that if I wanted to travel to some other timeshare for a week instead of going to mine, I would have to find someone who would trade there place with mine during the same week. Some timeshares made this a long drawn out ordeal, some just made it more expensive. I also found out that you generally dont own a timeshare indefinitely, you only own it for a certain number of years.

In the long run, I think it is better for me to do my travelling on my own time and under my own guidelines. I think a timeshare would be great for people who want to travel to the same spot for the same week every year, like a tradition type of thing, but that's not for me. I want to do things my way. So after some long thought, I decided that a timeshare is NOT for me. Which is kind of a bummer, because I really liked the idea of it. I almost feel like I've killed one of my own dreams.


Tamara said...

Ahh, but you haven't killed your dream...just realized that your dream was a lot cooler than reality. I know people with time shares who love them, but then I also know people who are frustrated with the things you described.

Sounds almost like a vacation home is what you need to buy. You could rent it out when you weren't using it...and then maybe trade with other people to go different places.

alisha said...

Thanks Tamara! I have also thought about buying a vacation home esp since the housing market has been so low. BUT it presents the same basic problem as a timeshare...a single destination. I dont want to go one place on vacation every year. I want to see the world!!!!