Did you know that early 75 percent of Americans did not take a summer vacation in the last year? That is way too high, especially when vacations are needed now more than ever.
One route that many are looking to in order to maximize their vacation experience is to “own” their vacation. You can own your vacation through a timeshare.
Here are the top 5 things you should know about timeshare resale and owning your vacation.
1. You Can Rent Out Your Timeshare Rental
Some people don’t like timeshares because they think it locks them into taking a vacation at a specific time of the year. But timeshares are much more flexible than that.
You can rent out your timeshare for the specific week or time period that you have it for. That way, you don’t have to feel like you aren’t getting the most out of your investment. Plus, you can even make a profit if it’s during a busy season or at a popular location.
2. You Can Own More Than One Timeshare
Speaking of renting, you can make a nice side hustle by purchasing more than one timeshare and renting them out. Having more than one timeshare also gives you more flexibility in when you can take some time off and relax on a vacation.
3. Find the Right Timeshare Brokerage for You
It is important to remember that not all timeshares are made equal. When looking at retail vs. resale listings, these factors could add even more confusion to the timeshare process.
By connecting with an experienced brokerage that does not rely on high-pressure and sometimes questionable sales tactics, you can navigate much more smoothly through the timeshare purchasing process.
The brokerage should be able to explain the differences between things like vacation clubs, timeshare properties, resorts, and more.
4. Find the Best Timeshare Properties on the Resale Market
If you are looking to expand your timeshare portfolio and maximize your ownership or your vacation, look for the best properties on the resale market. Not only can you find incredible deals at sometimes a fraction of the cost, but you can find timeshares in some of the most beautiful and popular locations.
5. Find the Timeshare that Fits Your Budget
The best way to maximize your vacation ownership is to find timeshares that fit your budget. People’s biggest complaint about timeshares is that timeshares can sometimes overwhelm them financially.
Don’t make this mistake and stick to a smart plan for managing your finance within your timeshare properties.
Want to Know More About Maximizing Your Timeshare Resale?
Timeshares in general can get a bad reputation, thanks to high-pressure salespeople and not understanding how to maximize your timeshare. By knowing the five steps mentioned above on getting the most out of your timeshare resale property, you can not only enjoy your timeshare much more but can even expand your portfolio of properties.
If you want to know more about timeshare investments and vacation ownership, be sure to look at our other posts. We regularly publish articles on all things timeshares, vacations, and finance.