Timeshares have a bad reputation. The bad reputation comes from high pressure sales tactics that push timeshares on buyers who are not a good fit. Timeshares do not work for everyone, for some it is the only way to vacation. Timeshares work well for those that vacation frequently (more than twice a year), travel in a group, and desire accommodations similar to home.
Timeshares are a financial obligation. Timeshare owners pay an annual maintenance fee, even if they do not use their week. Timeshares do not work well for those who may have difficulty paying a maintenance fee and vacation costs (transportation, food, entertainment, etc) on an annual basis.
Timeshares are often condos. They typically include multiple bedrooms, a kitchen, and a family room. A timeshare usually offers more space than a hotel room in the area. They can offer the comforts of a home on vacation. Timeshares work well for families, or other large groups. Preparing meals in a full size kitchen can offer families substantial savings when they vacation at a timeshare.
Timeshares can also provide accommodations globally. There are numerous exchange programs that facilitate exchanging weeks owned at one resort for weeks at a comparable resort. Exchanges can enable a timeshare owner to vacation in the mountains of Aspen Colorado one year and enjoy the ocean at a Mexican resort the next year.
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