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How much do timeshares cost?

How much do timeshares cost?
10 Dec 2012
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Is it worth buying a timeshare?  Learn more about timeshare industry and how the cost can be very volatile

According to some travel magazines and newspapers, timeshares have “revolutionized” the way to vacation, making it one of the fastest growing sectors of the travel industry and creating the perception that a timeshare is an intelligent investment and great way to spend quality time with your beloved ones, but this is just the tip of the iceberg.

What is really intriguing is the rest of the information that is hidden under the water.  Everything happens for a reason, and sometimes the reasons are wrong. Timeshare sales practices are often high-pressure and fraudulent. When attending to a timeshare presentation; people are put into a 2-4 hours nightmare where they are told over and over again how great it would be for them to buy a timeshare, at the extent it gets annoying and even aggressive.

On one side are the resorts, claiming that buying a timeshare is a good investment and a fantastic way to vacation, and on the other side are the dissatisfied owners, who are desperately looking for solutions to get rid of their properties. All of this has created lots of confusion on how much do timeshares cost, and if it’s really worth it to purchase one.

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How much do timeshares cost – The variables

There are some variables that determine how much do timeshares cost. The cost of a timeshare will depend on:

  • The size of the resort
  • The age of the resort
  • The resort brand
  • The location
  • The current market demand
  • The amenities

The cost also relies on the economic position the potential buyer has. A salesman can sale the same timeshare unit from $10,000 to $30,000 USD, depending on how much the person is willing to pay. The purchase price of a timeshare, if you buy from the developer, can go from $5,000 to $200,000 USD. According to BudgetTravel.com, the average cost to buy a timeshare for a week is $15,000; this price does not include the extra costs. These extra costs are the ones that make the difference between buying directly from the developer and buying on the resale market. Different story happens on the resale market, where you find properties from $1 USD. 

How much do timeshares cost – Extra costs

Since a timeshare will be like a partial residence, there will be a tax implication. It would be great if by getting a timeshare you’d only have to pay the purchase price, but along that purchase come the annual fees you have the responsibility to pay. This fact alters the perception given by the resorts on how much do timeshares cost.  If you buy a timeshare for 20 or 30 years, you have to keep in mind you will have to pay those fees whether you use your timeshare week or not, and the fees won’t stay fixed, they will increase while the time goes by.  The fees and the taxes depend enormously on the value of the timeshare and the location.

  • Extra Costs:
  •  Maintenance fee: Depending on the running timeshare resort, it can go from $450 to $750 per year.
  •  Membership fee: Some resorts charge a membership fee that goes from $90 to $200 USD.
  • Assessment fee:  An assessment fee is nothing but an extra charge made to the owner when the resort is going through a reshuffle or a restyling.  
  • Transfer tax: If you are not happy with your purchase and are planning to sell it or rent it, it will be applied a transfer tax.
  • Make sure you read the fine print of your contract for you to know which fees you will have the responsibility to pay.

How much do timeshares cost – The amenities

There is hardly a difference between the amenities provided to regular clients that the amenities provided to timeshare owners. The units are already furnished and they count with a daily housekeeping and maintenance service.  Most timeshare units are larger than an ordinary hotel room, looking more like a suite, equipped with a living room, a kitchen and a hot tub in some cases.

Timeshares used to be considered unique and as a luxury, but now they are just like any other resort suite. There is nothing special about them.  The amenities you will receive with your purchase depend on the timeshare running resort, and as it was mentioned, they are on more variable that determine how much do timeshares cost. The more amenities the resort has, the more expensive the timeshare is.

How much do timeshares cost – Is it worth it?

is it worth it

Straight up and simple: No.  By simple logic, a timeshare needs to be seen as an expensive purchase and not as an investment.

So, how much do timeshares cost? – .

Before making a timeshare purchase you have to think objectively, despite all the promises you will be told in order for you to buy a timeshare.  If a timeshare is such a good investment, why are thousands of people to sell their properties?  Very simple, because it is really hard to keep on with the annual payments, and with the economy as it is now, it is important to manage our money properly and keep our credit record clean, for the sake of our families.

If you find yourself in a situation where you are stuck with a timeshare you don’t want anymore, there is no reason to be hopeless.  Everything has a solution, and the best way to get rid of a timeshare is by cancelling the contract.

At Mexican Timeshare Solutions we offer you a free consultation on your timeshare matter, and we do not make any charges until your contract is appropriately cancelled. Contact MTS today and relief yourself from your timeshare; get the financial freedom we’re all looking for.

Information to share

If you liked this article, please help us to share this information to more people in order to avoid more timeshare scams victims, how?

  • Share this link http://www.timesharescam.com/blog/118-how-much-do-timeshares-cost/ on your favorite blogs and forums

Leave your comment below and share this post on Twitter and Facebook to prevent others from becoming victims of timeshare fraud. 

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20 Comments
  • kierahJuly 14, 2014, 11:44 am

    We went to a time share presentation in Mexico. We were staying in Riviera Maya and we were offered private transport round trip to Cancun, breakfast in Cancun as well as heavily discounted tickets to Chichen Itza and Xcaret. It was worth a morning's presentation to spend the day in Cancun and get the tickets. You just need to be savvy consumer.

  • JulietaApril 4, 2014, 3:29 pm

    partiendo desde el hecho de que muchas veces no seremos nisiquiera capaces de usarlo, y aun asi pagar por ellos.. creo que debe ser muy alto el costo

  • PacoMarzo 10, 2014, 12:11 pm

    muy interesante articulo, siempre me los leo todos para informarme mas sobre tiempos compartidos, he estado planeando comprar uno, pero no quiero caer en la trampa que caen muchos

  • FranciscoMarzo 3, 2014, 10:02 am

    pues para mi, solo mencionarme "tiempo compartido" es como si me mencionaran al diablo, es lo mas costoso que puede haber, por el simple hecho de que es algo totalmente inservible

  • mackenzieJanuary 31, 2014, 2:32 pm

    I think timeshares are a poor investment. I would never get one. Its very rare to hear anything good about them. All I hear about is timeshare relief scams and hidden fees. Be thankful you didn't fall for that.

  • 88hanmanJanuary 27, 2014, 12:05 pm

    Timeshares cost so much because there are all that freebies given to people to come for presentation and seller's commission. They give u gift to attend but very persistent. But, people buy them because they get suckered in, or really have a need (like me with large family, it is cheaper using timeshare than multiple hotel rooms). It takes some long planning and know how to use the timeshare. It took me three years to start enjoy my purchase. If you can not plan ur vacation 3-6 months out and don't take much vacation, timeshare is really a waste of time and money, and great headache as the article points out.

  • 88hanmanJanuary 27, 2014, 12:04 pm

    Timeshares cost so much because there are all that freebies given to people to come for presentation and seller's commission. They give u gift to attend but very persistent. But, people buy them because they get suckered in, or really have a need (like me with large family, it is cheaper using timeshare than multiple hotel rooms). It takes some long planning and know how to use the timeshare. It took me three years to start enjoy my purchase. If you can not plan ur vacation 3-6 months out and don't take much vacation, timeshare is really a waste of time and money, and great headache as the article points out.

  • LyndaSDecember 9, 2013, 12:55 pm

    I can’t imagine being tied down to a particular property / place until the end of time. I like to visit new places each vacation. The price is absolutely ludicrous when you factor that one unit is purchased by 52 others at roughly the same amount. How many suckers ARE born every minute?

  • Fred JohnsonNovember 27, 2013, 10:35 am

    Timeshares are a disaster with their ever-increasing maintenance fees and their special assessments when they decide to put in a new? pool or happen to install new lighting fixtures or need to redo the landscape.

  • VictorNovember 18, 2013, 10:13 am

    Altísimo, al principio te dicen una cifra, pero siempre va en aumento!

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