A timeshare ownership is a property model where customers own allotments of usage in the same property. This type of model usually happens for condominiums, apartment complex and vacation houses. A property management will manage the turnovers and maintenance of the whole property.

Timeshare property is perfect for those who are looking for an investment that they can use for a certain time and does not want to shoulder all the maintenance issues. But having this awesome opportunity also has its own disadvantages. To help you decide whether or not you should invest on a timeshare property, we gathered the top pros and cons of this property model.

Pros

Instant vacation spot

Tired of booking overpriced places for your family or office vacation? Having a timeshare property guarantees you an instant vacation spot with cheaper price without worrying about the year round maintenance.

Trade times

Afraid that you might get stuck in a single vacation spot? Timeshare properties allow you to trade times and locations to other co-owners making sure that your annual holiday is always a great surprise.

Rent option

If you’re not going to be able to use your time on the property, then you may use it as an instant rent option. Let your property manager find prospective renters. Extra cash is coming your way!

Great for large families

One of the stress that comes from booking a hotel is the rooms needed. With a timeshare property, you can choose for a house that has many rooms and can accommodate a huge family. Rules also don’t apply in your situation. You can do whatever you want and it’s totally fine.

Cons

Annual fees

Yes, you no longer have to worry about maintenance. But timeshare properties are not guaranteed to stay on the same price. There are annual increases on fees that you might not like it.

Hard to sell

Timeshare properties are hard to sell especially when it’s already old or overused. You might be stuck with the same old property without having any chance on selling it or making money out of it.

Limited vacation schedule

Unfortunately, you won’t be able to use the property any time. Remember that you are sharing the property with other people. You must clear out first if they will need the property on the day that you’re going.

Extra maintenance fees

There are also extra maintenance fees that you have to think about. Some property managers will give you excess that it can become too much for your own good.

So what do you think? Should you still pursue timeshare properties? In the end it’s all based on the kind of lifestyle that you prepare and want.

Image source: http://www.persquare.com.ph/for-sale/house-lot-calabarzon-region-4-a-cavite-dasmarinas/house-lots-for-sale-at-chester-place-in-dasmarinas-cavite_122266 – Val U Realty