Talk To The Pros About Time-Shares

A lot of people have either heard or though about time-shares which became popular in Europe in the 60’s. Basically time-shares is a joint ownership or lease of property between several people. It could time-share cruises, recreational vehicles, campgrounds or the more popular condominiums, yet one has to take into consideration the negatives and positives of time sharing.

Let us consider our first positive. Take condominiums as an example. If you were to actually buy one for holiday purposes and was only to use for two weeks of the year, unless you were able to rent it out you’d be losing money. Time-sharing allows you to pay only for what you use. Also you don’t have the hassle of maintenance and other fees while your not using it. Another plus is that hopefully in the future you will be able to sell it and make a profit. You’re also guaranteed a holiday destination and if you can’t go you could rent it out at a profit. Some people actually get into time-share just so they can rent it out and make some money.

On the down side, there can be high maintenance fees and you have to pay your share. You want to make sure you buy in the right time and place because in the short term real estate can be quite volatile. Another con used to be that you were stuck to holidaying in one place, yet luckily fairfield resorts revolutionized time-share. In 1991, the company forever changed the face of the timeshare industry by introducing FairShare Plus®, a revolutionary concept of points-based exchange. It was becoming apparent that people needed more flexibility with their time off — in their vacation length, their choices of locations, when they travelled, and even the size of the unit they stayed in. FairShare Plus offered consumers substantially greater flexibility through a yearly allotment of points that could be “spent” in increments for custom-sized accommodations at any time of the year and for varying lengths of stay.

When considering time-shares it's always best to talk to a professional like Fairfield Resorts.