The Top Benefits of Timeshare Ownership: Is It Worth It?





Benefits of buying a timeshare can significantly enhance your vacation experience, offering consistent quality and affordability. Here’s a quick snapshot of the key benefits:

  1. More Affordable Property Usage: Pay only for the time you use.
  2. Guaranteed Time Away: Enjoy a vacation spot you love, every year.
  3. Access to Amenities: Benefit from resort-style amenities like pools, spas, and fitness centers.
  4. Flexibility with Exchanges: Swap your timeshare for vacations around the world.
  5. Home-like Accommodations: Enjoy more space and comfort than typical hotel rooms.

A timeshare is based on the concept of fractional ownership in a vacation property. Instead of owning a vacation home outright, you purchase a fraction, usually in weekly increments. For example, owning one week of a timeshare means you own 1/52nd of the unit.

There are various ways to structure timeshares. You might have a deeded ownership, where you own a piece of the property, or a non-deeded lease, which grants you the right to use the property for a set number of years.

Timeshares can provide a structured way to guarantee annual vacations in high-quality resorts. But, understand both the benefits and the potential costs involved.

Benefits of Timeshare Ownership Infographic - benefits of buying a timeshare infographic pillar-5-steps

Benefits of Buying a Timeshare

More Affordable Property Usage

Buying a timeshare can be a cost-effective way to enjoy luxury vacations. Instead of paying high nightly rates for hotels, timeshare owners lock in future vacation costs at today’s prices. For example, a family spending $1,400 per week on hotel rooms could save significantly over 30 years by investing in a timeshare with a one-time purchase and annual maintenance fees.

Fractional ownership means you only pay for the portion of the property you use, making it more affordable than owning a vacation home that sits vacant for most of the year.

Guaranteed Time Away

One of the key benefits of buying a timeshare is the guarantee of annual vacations. With a timeshare, you have a reserved spot each year, eliminating the stress of planning and booking. This predictable vacation schedule ensures you make time to relax and create lasting memories with your family.

Timeshare owners are more likely to use their vacation time than those who don’t own, fostering a routine of annual getaways.

Access to Amenities

Timeshare resorts often come with a range of amenities that enhance your vacation experience. These can include:

  • Swimming pools
  • Fitness centers
  • Sports recreation facilities
  • On-site restaurants and bars
  • Room service

These amenities make your stay more enjoyable and convenient, often surpassing what you’d get at a standard hotel or Airbnb.

Flexibility with Exchanges

One of the exciting aspects of timeshare ownership is the ability to exchange your unit for stays at other resorts. Through exchange programs like RCI and Interval International, you can swap your timeshare for another destination, offering flexibility and variety in your travel plans.

This means you can explore global destinations without giving up the security of your investment. For instance, the Patel couple uses their timeshare points to travel to new countries every year, from the beaches of Mexico to the vineyards of France.

Home-like Accommodations

Timeshare units often resemble home-like accommodations, providing more space and comfort than typical hotel rooms. Most units come with:

  • Multiple bedrooms
  • Fully equipped kitchens
  • Living and dining areas
  • Laundry facilities

These features are particularly beneficial for families or groups, offering a more comfortable and convenient vacation experience. For example, the Jones family has been returning to their Orlando timeshare for over a decade, enjoying the familiarity and comfort of a home away from home.

Kitchen Facilities - benefits of buying a timeshare

Next, let’s delve into the financial considerations you need to be aware of before buying a timeshare.

Financial Considerations

Upfront Costs

When buying a timeshare, the upfront costs are one of the first things you’ll encounter. These costs can vary significantly depending on the location, size, and type of timeshare. On average, a timeshare can cost anywhere from $10,000 to $25,000 or more. This price includes your share of the property, which you can use for a specified period each year. BUT, with our properties, they are totally free. Take a look at what is available.

Financing options are available if you can’t pay the full amount upfront. However, these options often come with high-interest rates, making the overall cost much higher. Traditional mortgages aren’t an option because timeshares are not considered real property. Instead, you might need to look into personal loans or financing through the timeshare company.

Resale market prices can be much lower, sometimes as low as $1. However, buying on the resale market requires caution to avoid scams and ensure the ownership transfers correctly.

Ongoing Fees

Annual maintenance fees are a significant part of timeshare ownership. These fees cover the upkeep of the property, including:

  • Property taxes
  • Utilities
  • Insurance
  • Housekeeping services

According to ARDA, the average annual maintenance fee is around $1,000. Still, not a large cost for a guaranteed vacation spot each year.

Special Assessments

Sometimes, resorts face unexpected costs that exceed what the maintenance fees can cover. These costs can arise from major repairs, natural disasters, or significant property improvements. When this happens, the resort may issue a special assessment fee to all owners to cover these expenses.

For example, if a resort needs a new roof or faces extensive damage from a storm, and the reserve funds are insufficient, the cost is divided among all timeshare owners. The more points or weeks you own, the higher your share of the special assessment will be.

Reserve funds are meant to cover these unexpected costs, but they are not always sufficient. Special assessments can be a financial surprise, so it’s crucial to check if the timeshare contract includes any provisions to protect you from unexpected fees.

Understanding these financial considerations can help you make an informed decision about whether a timeshare is a good fit for your budget.

Next, let’s explore some potential drawbacks you should be aware of before committing to a timeshare.

Potential Drawbacks

Timeshares are illiquid assets. This means they are difficult to convert into cash quickly. Unlike stocks or bonds, you can’t easily sell a timeshare when you need money. So, think of a timeshare as a long-term vacation plan, not as a financial investment.

Use It or Lose It

Most timeshares operate on a “use it or lose it” basis. If you don’t use your allocated time, you lose it. There is no rollover into the next year. This can be a downside if your schedule is unpredictable or if something comes up that prevents you from using your timeshare.

While some timeshares offer rental options, allowing you to rent out your unused time, this is not always guaranteed or profitable. If you don’t use your timeshare or rent it out, you still have to pay the annual maintenance fees.

Resale Difficulties

Reselling a timeshare can be extremely challenging. The market is flooded with used timeshares, and many owners are eager to sell, often at a loss. According to RedWeek, selling timeshares on the resale market can be difficult, and there may not always be a buyer interested in what you have to offer.

Some timeshare contracts include resale restrictions, such as the developer having the right of first refusal or requiring you to pay a commission even if they don’t sell it for you. These clauses can make it even harder to resell your timeshare.

Scams and Fraud

The timeshare industry is notorious for scams and fraudulent activities. Both the Federal Trade Commission and the FBI have issued warnings about timeshare reselling schemes. Scammers often target desperate sellers with promises of quick sales, only to disappear with their money.

Understanding these potential drawbacks will help you make a more informed decision about whether a timeshare is right for you. Let’s move on to some frequently asked questions about timeshare ownership.

Frequently Asked Questions about Timeshare Ownership

Is there any benefit to owning a timeshare?

Yes, there are several benefits to buying a timeshare:

  • Affordable Property Usage: Timeshares allow you to access luxurious vacation properties without the high cost of full ownership. You only pay for the time you use, making it more cost-effective than renting a vacation home every year.

  • Guaranteed Time Away: With a timeshare, you have a pre-planned vacation spot each year. This takes the stress out of planning and ensures you get your well-deserved break.

  • Access to Amenities: Timeshare resorts often come with top-notch amenities like pools, fitness centers, and sports facilities. This means you enjoy a high standard of accommodation and activities without extra costs.

  • Flexibility with Exchanges: Many timeshares come with exchange programs that let you swap your vacation spot for another location. This gives you the flexibility to explore new destinations while still enjoying the benefits of timeshare ownership.

What is the downside to a timeshare?

While timeshares have their perks, there are also downsides to consider:

  • Not an Investment: Timeshares should not be seen as an investment. They typically depreciate in value, and selling them can be difficult.

  • Use It or Lose It: If you don’t use your allotted time, you generally can’t roll it over to the next year. This means you could lose out on your vacation if you can’t make it.

  • Ongoing Fees: Timeshare ownership comes with annual maintenance fees, which can increase over time. These fees cover the upkeep of the property but can add up and become a financial burden.

  • Scams and Fraud: The timeshare market is rife with scams, especially in the resale sector. Always research thoroughly to avoid falling victim to fraudulent schemes.

Is timeshare ever a good idea?

A timeshare can be a good idea if it fits your lifestyle and vacation habits:

  • Consistent Vacation Spot: If you love returning to the same place every year, a timeshare can offer a familiar and comfortable vacation experience.

  • Family Memories: Timeshares can be great for families, providing a consistent vacation spot where you can create lasting memories.

  • Flexibility: Modern timeshares offer flexible options with points-based systems, allowing you to explore various destinations.

However, it’s crucial to weigh the pros and cons carefully. Consider your financial situation, vacation preferences, and the potential long-term commitment before making a decision.

Now that we’ve covered some frequently asked questions, let’s delve into the financial considerations of timeshare ownership.


Owning a timeshare offers a mix of benefits and drawbacks. It’s essential to weigh these factors carefully to make an informed decision.

Pros and Cons

Affordable Property Usage: Timeshares provide access to luxurious vacation properties at a fraction of the cost of owning a vacation home.
Guaranteed Time Away: Enjoy stress-free, planned vacations every year.
Access to Amenities: Many timeshares come with resort amenities like pools, fitness centers, and sports facilities.
Flexibility with Exchanges: Points-based systems allow you to explore various global destinations.
Home-like Accommodations: Spacious units with multiple bedrooms and kitchen facilities offer a comfortable stay.

Not an Investment: Timeshares typically depreciate in value and can be difficult to resell.
Use It or Lose It: If you don’t use your allotted time, it’s often lost.
Ongoing Fees: Maintenance fees and other costs can add up over time.
Resale Difficulties: Selling a timeshare can be challenging, and scams are prevalent in the resale market.

Making an Informed Decision

Before committing, consider your financial situation, vacation habits, and long-term plans. Timeshares can be a wonderful way to ensure memorable vacations, but they come with financial commitments and responsibilities.

Free Vacation Ownership offers a range of luxury vacation properties with no initial cost and ongoing maintenance. We provide a transparent and straightforward process to help you enjoy your vacations without the hassle.

For more information on our luxury vacation properties, visit our Vacation Villas page.

The value of timeshare ownership lies in its use as a vacation destination. Make sure it aligns with your lifestyle and financial goals before taking the plunge.

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