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Re: Buying timeshares (even resale) (by R P.):

adahiscout wrote:

While it is very true that resort maintenance fees do rise over the years, there is nothing unique about that, is there? Most things do, so we need to face the fact and plan on it. MD

Yes, maintenance fees have to adhere to inflation just like anything else. It's the amount of a yearly raise that bothered me.

We owned at a resort that charged a special assessment (paid in yearly increments for 3 years totalling $525) paid along with the maintenance fee, then the resort raised fees by $50 every year until we sold. The resort had no reserves and had let things go. This is when we started selling all our timeshares as we saw the handwriting on the wall. There should be a percentage cap on rises in maintenance fees.

As long as you're happy with whatever percentage rise your maintenance fees are every year, then I see no problem. However, when it becomes clear that the financial burden is placed on owners due to a lack of maintenance issues not being addressed by the HOA, then I definitely see a problem.

There are some resorts that are so well run/managed that some years there's no rise in fees at all and if there is it's not that much of a rise percentage wise.