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Re: What are the costs to maintain a timeshare (by Michael K.):
We understood all the pluses and minus before we bought a timeshare on resale. Even though we bought one, for most people, I think it would be better to rent. Remember, it is all about vacation value; it is certainly not an investment. Here was my logic for buying versus renting; so far, my logic is working out for me.
- We bought a group of resorts that we really like and we use twice a year. We never plan on trading out; we rent when we go elsewhere. - We like to take friends and family with us; we have no surprises and they love the experience. - We have a lot of nice amenities not available to renters at these resorts - There are no maintenance fees unless we use - no big deal since we use, but nice to know. - Under these conditions, we pay off our investment rather quickly - and with consistently great vacations and no hassle.
The key to me is to be realistic with your values and true costs.
Mike