The actual definition of a timeshare according to the dictionary is an arrangement whereby several joint owners have the right to use a property as a vacation home under a time-sharing agreement
How Does a Timeshare Work?
Timeshares offer so much more than just a typical hotel stay. Just the difference in space is incomparable. Typically, a hotel room is simply a bed or two, a tiny common area, and a small bathroom. A timeshare is basically like a home away from home. When you buy a timeshare, you are getting private bedrooms, large common areas, a kitchen , and often a balcony that offers a scenic view. By renting or owning a timeshare, you can have access to all the amenities at that resort. You can take advantage of the private beach access, private pools, health clubs, and all kinds of sport areas, picnic and grilling areas, kids' activities, and so much more! Not to mention, there are plenty of resorts that offer all inclusive vacations
Timeshare membership means
Rather than purchasing a specific resort in a specific unit size, vacation club members purchase the opportunity to use a variety of timeshare accommodations at numerous resort locations . The owner would have the use of all accommodations that are affiliated with the specific vacation club.
Timeshare maintainence fee mean
Should you invest in a timeshare, you will be dealing with monthly fees referred to as timeshare maintenance fees. These fees are established and collected by the Homeowners Association or Resort Management Company at each resort. These fees are for maintaining the property and paying for insurance, utilities, and any refurbishments that may be needed. Of course maintenance fees will vary depending on the size and type of the timeshare unit.
How to exchange your timeshare
Third party exchange companies like RCI or Interval International offer timeshare owners the ability to exchange with a massive network of other timeshare owners! First, you have to check with your resort to see who they are affiliated with. Next, sign up for a membership and "deposit" your timeshare week or points into your account . This is where your ownership will be converted into a new points system with its own seasons and demand. Once you are all set up, you can now use those points to book at thousands of hotels and timeshare resorts all over the world! These exchange programs also let you redeem your points on cruises, excursions, high-adventure trips , airfare, car rentals, event tickets, passes to popular attractions and so much more. Some people go as far as to buy their timeshare based on who they exchange with! The options are limitless and depending on your property's popularity on these networks, you can really add value to your vacation ownership
Studio apartment (4 Adults- privacy for 2)
One-Bedroom apartments (4 adults - privacy for 4)
Two-Bedroom (six adults - privacy for 4).