Original Message:
Determining resale market value (by R P.):
patrickd79 wrote:What I was getting at is that I currently rent a house in the same area. I am trying to determine if buying a timeshare there makes financial sense versus just renting. If the cost of the rentals would exceed the purchase + maintenance fees after a given point it may make sense to just buy. I am wondering if there is a realistic timeframe in which that break even point should occur.
In that case, you would have to consider several criteria; initial investment, yearly maintenance fees and possible special assessments vs paying a rental fee each year.
The main consideration if you want to purchase to use yourself every year is initial cost. If you buy resale at a reasonable price, then I think you can break even sometime in future years if maintenance fees are kept reasonable and there are no special assessments.
However if you decide that you don't want/can't use the timeshare any longer sometime in the future then you are legally responsible for paying maintenance fees and special assessments until it's sold to another party. With renting you have no future responsibilities or emcumbraces except paying rent.