FREQUENTLY
ASKED QUESTIONS
TIMESHARE COST
What
does vacation ownership cost?
Is vacation ownership really less expensive than
a hotel vacation?
Yes, it is. By purchasing time at
a resort, you're fixing your vacation costs in today's
dollars, beating
inflation and getting all the extra value and benefits
that a traditional hotel vacation just cannot provide.
For example, on an average hotel room, at a cost
of $150.00 per night, your total expenditures over
20
years of vacations with just 3% inflation, would
exceed $30,000.00 and all you would have is credit
card receipts
to show for it. You can also expect to save money
by preparing some meals in your own kitchen rather
than
eating out three times a day.
What are the costs?
Prices vary from resort to resort
and the unit price or points is based on product
type, location, unit
size, amenities and supply. The average price
for a one-week interval is $10,000 plus an annual maintenance
fee of $300 - $500 per week. You can also expect
to
pay an exchange fee ranging from $114 - $124
if
the exchange is within the USA and $135 - $162
for International
exchanges.
What are annual maintenance fees?
Annual maintenance
fees are fees paid each year to a HOA for the maintenance
of the resort.
Just like
taking care of a home, resort maintenance
fees help maintain the quality and future value
of the resort
property. In a vacation ownership resort,
all owners share the maintenance costs. They pay
for on-site
management, unit upkeep and refurbishing,
utilities and maintenance
of the resort's common areas and amenities,
such as pools, tennis courts and golf courses.
Just
like residential
condominium owners, after management has
been turned over to vacation owners, they determine
the fees
through their HOA Board of Directors. The
amount
of the yearly
maintenance fee typically depends on the
size, location, and amenities of the resort. Maintenance
fees are
assessed and paid annually by each vacation
owner.
|
