At the end of 2018, the US timeshare market rose to just over $10 billion! If you’ve seen these statistics before, you might have considered whether buying a timeshare is a smart investment or even the best investment you can make.
While you’ll want to consult a financial advisor before you make an investment, you must also understand how timeshares work and why they’ve become so popular.
This short guide will show you the basics of why timeshares are popular and why you want to consider them.
Here’s what you must know:
You Can Work With a Vacation Club
One of the best reasons to make an investment in a timeshare today is you can join a vacation club such as Hyatt timeshares.
This means that you’ll own a timeshare in a hotel or building run by Hyatt. As one can expect, it’ll be a luxurious dwelling and will come with many amenities including gyms, pools, gaming studios, etc.
This is a great investment as many Americans have a favorite spot to travel to but rising hotel prices are a concern. Consider renting out a timeshare in Miami Beach or in Aspen where tourists enjoy spending several months.
Vacation clubs also offer great customer service. After buying your timeshare, you’ll have a concierge service to assist you with any issues.
With a vacation club, you’ll also have a variety of options on the type of property you want. You can opt for a studio apartment or a large condominium. This makes it easier to reach a wide variety of customers.
Easy to Liquidate
There’s always the concern that an investment is easy to get and hard to sell. However, with timeshares, you can always sell your portion of the timeshare to another owner.
If you opt for a vacation club then you can sometimes sell the timeshare to the provider. In many cases, an organization such as Hyatt might let you “return” your portion of the timeshare and compensate you.
You Can Work With Your Fellow Owners
You can also negotiate deals with the other owners of the timeshare. Let’s suppose you own the timeshare for 3 months each year and you want to buy one extra month.
You can negotiate with another owner to sell you one month from their ownership. The same goes for selling — you can sell your timeshares to the other owners.
What’s great about a timeshare is that you only pay for it when you use it. You don’t have to pay for months when you’re not using the timeshare.
A Timeshare Is a Smart Investment
Now you know that a timeshare might be a smart investment for you. You can decide based on the factors in this guide if you want to take the plunge.
With timeshares, you can work with a vacation club. This lets you own a timeshare in a luxury property made for spending your holiday.
Timeshares are also much easier to liquidate compared to traditional property investments. You can also negotiate deals with your fellow timeshare owners.
You can find more smart investment tips on our website.