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How much do timeshares cost?

How much do timeshares cost?
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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.


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

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  • Heriberto frias April 21, 2016, 5:29 pm

    Absolutamente cuesta mas de lo que te dicen en un principio , con solo tomando en cuenta los intereses y esas actualizaciones "repentinas" de las cuotas de mantenimiento , terminas pagando muchisimo dinero , lo digo por propia experiencia, acabo de cancelar mi tiempo compartido gracias a MTS, y de verdad que es increible como ganan dinero estos resorts abusando de que no saben lo que firman sus clientes.

  • Luis ToledoJanuary 19, 2016, 10:44 am

    Cuesta mas de lo que dicen inicialmente, eso es una realidad, nunca terminas pagando lo acordado , en muchas cosas el contrato si cumple pero en la mayoria no ..yo en lo personal no puedo pagar mas mi tiempo compartido y no encuentro como cancelarlo principalmente porque me estan cobrando mas de lo acordado, ya hable con el resort pero me salieron con cosas como servicios incluidos, seguro y nose cuanto mas, cosa que firme en el contrato y no me di cuenta , creo que no volveria a cometer el error de comprar otro tiempo compartido.

  • Romeo H.August 24, 2015, 10:03 am

    LOT OF MONEY , actually timeshare is very expensive and never gonna be the quantity that told you at the start, i knew many people ( like me ) that were scammed by different resorts, so in my own opinion i can tell you that to invest on a timeshare is not an investment at all .

  • Axel RojasJuly 7, 2015, 10:26 am

    Si hubiera investigado bien antes de comprar un tiempo compartido ,nisiquiera estuviera escribiendo aqui , fui estafado por mayan palace en mexico , la vd es que todo lo que me dijeron no fue cierto , el costo de entrada era uno y despues me exigieron que hiciera un upgrade para poder usar los servicios, entonces el dineral que pague para que fue ? y asi un sin fin de cosas que te salen estos resorts, son unos ratas, asi que lean bien antes de firmar cualquier papel , saludos

  • Zamudio D.May 18, 2015, 10:13 am

    Cuesta mucho ! y mas si el resort te estafa dela forma como me lo hiciero ami , si estan pensando en invertir en un tiempo compartido preparense para tirar su dinero por el caño , hace un año aproximadamente fui estafado por un resort en mexico , hasta la fecha no me recupero de las perdidas que tuve con ellos, jamas lo pude usar.

  • RaulFebruary 2, 2015, 11:13 pm

    Es increible como todas esta bola de lacras siguen estafando a las personas, el costo no es el cual te dicen durante la presentacion , porque no mencionan las cuotas de mantenimiento , costo de papeleo, iva , eentre otras tantas cosas que cuando adquieres uno te das cuenta que es mas del doble de caro de lo que supuestamente era el precio, asi que ni se les ocurra adquirir uno se los digo por experiencia propia, aun me estoy reponiendo

  • AmandaAugust 25, 2014, 9:50 am

    We could not afford to pay the dues anymore. The timeshare that we had stated in a letter that we would have to forfeit/surrend the timeshare if we didn't pay the dues. After contacting them and speaking to them, we surrender the timeshare with the understand that if we did this, the dues to would be forgiven since we gave it back. NOW, we get a letter from a collection department stating that we owe this money. What do I need to do?

  • L&NAugust 5, 2014, 1:43 pm

    I would like to get the info of whom ever helped you. They didn’t allowed us to cancel. There argument was that we had purchased a FORECLOSURE DEED. Please please please help us. I cant even sleep at night thinking what and how am I going to feed my children the following month.

  • 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

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