Month: September 2017

How to Buy a Timeshare

How to Buy a Timeshare

Buying a timeshare is a big decision. You’ll want to shop around for the best possible deal, but without sacrificing what you really want in timeshare ownership. It’s wise to evaluate various timeshare offers and the different types of ownership before making a decision.

Fixed or Floating Weeks

Fixed weeks are great if you generally know what week you’ll be vacationing in advance every year. With a fixed week timeshare, your timeshare will be available to you on the same week each year at the same location. On the other hand, if your vacation times change each year, you might consider a floating week or a vacation club with membership points.

Consider the exchange value of your week. Timeshare weeks are valued according to the time of the year – busy times being the highest value as well as holidays. If your week usually falls during slow times and you purchase it accordingly, the exchange value will be low each time you need to exchange the week. Timeshare weeks are typically exchanged with weeks of comparable value. If you feel you will be exchanging your week quite a bit, it might be wise to purchase a week of higher value to be on the safe side.

Also consider your ability to split a week if you desire to do this and the frequency of your timeshare use. You might only need a timeshare every other year. In this case, you might want to opt for an EOY (every other year) timeshare program. This program enables you to buy timeshares for less according to usage so that the unused weeks in between aren’t lost.

Right-to-Use versus Deeded Units

With a right-to-use timeshare, you don’t actually own part of the property. You only own a right to use the timeshare during your allotted time. You do not have rights of ownership if the property manager decides to quit or transfer. With deeded units, however, you are actually part owner of the property. You will own your timeshare even if the manager becomes defunct.

Benefits of Lockout Units

Some resorts offer lockout units, which are basically timeshare rooms that are divided into two subunits. The subunits may be occupied separately, which gives you more flexibility as to how you use the unit. You can occupy both subunits, or occupy only one while exchanging the other.

Timeshare Locations

If you plan to vacation at the same spot year after year, a timeshare can provide you with wonderful, luxurious accommodations each year. It guarantees you’ll be able to have an enjoyable vacation without paying exchange fees. If you plan to trade your timeshare location regularly, consider the purchase price and annual fees for doing so, and choose locations, weeks, and seasons that will provide the best possible exchange value.

When purchasing a timeshare, always consider the purchase price, annual fees, maintenance fees, and taxes for a unit. Also consider the estimated exchange fee if you plan to trade the unit often. Timeshare rentals can be taken into consideration if you don’t plan to use your week every year. Compare the costs of timeshare ownership with normal hotel rental rates for your family for similar condo accommodations. Weigh the pros and cons of each, and decide which will work best for your family and budget.

Timeshare ownership shouldn’t be taken lightly. You’ll want to take your time and study all your options carefully. Don’t be swayed by elaborate presentations as you view timeshare opportunities. Keep in mind that the representative’s goal is ultimately to sell timeshares. So naturally, the salesperson will be very persuasive. Look beyond the condo’s beauty and consider the bottom-line figures of how much it will cost and the benefits you will receive as a timeshare owner.

When shopping for timeshares, the Internet can be your best tool. Browse an online timeshare listing service to see what’s available in your favorite vacation area. A listing service usually helps people buy timeshares or sell timeshares objectively, and you can use the service to research properties and compare timeshare resale prices. Keep an open mind and consider all the opportunities before leaping into a timeshare commitment.…

How Just One Good Investment Can Make You Money Down The Line

How Just One Good Investment Can Make You Money Down The Line

The prospect of investing their money into something can fill many people with horror. Ideas that only the experts can succeed in such pursuits can put many people off. Whilst something like shares can prove to be a slightly trickier proposition, you really don’t need to be an expert to succeed here in the Dubai freehold property market! And when you do take that leap of faith it really can pay off in a big way in the future. That easy Well you do need to some knowledge of the market and what’s hot or not, but this can be achieved by just spending a little time looking over the market, and of course a good agent will be able to advise you in this regard.

I mean you only need to take a look at the Palm Jumeirah to see how just one property investment can pay off in a big way. Those who bought into Nakheel’s premium development at the very beginning are certainly smiling at the moment. The property here has increased in value several times over since the initial launch, with Signature villas here now costing several million and upwards. Investors here maybe were taking a risk. After all it’s arguable that the property boom really stared with the launch of the Palm Jumeirah. When people bought into the development the real estate market here was hardly established. Hard to believe now given the breathtaking rate of development that has taken place since. So those who took that calculate risk back in 2002 are now reaping the rewards. The good news is that purchases now come with much less risk given much improved property laws and proven global interest. You may not experience the huge premiums that have been seen on Palm property, but one investment can still be generate a good return on your money if you pick wisely.

There are plenty of other examples of developments that have proven equally profitable for those that invested there. The Burj Dubai, Emirates Hills, Jumeirah Beach Residence to name just a few. Whist it’s now much harder to route out and find a development that offers a good value for money investment in today’s market, we will be able to advise you as to what freehold property we think suits your needs best whilst offering good return in the future.…