Our Vacation Adventures

Shared Vacation Ownership - Is It A Good Idea?

Shared vacation ownership is an idea that seems to be coming into its’ own lately. Like anything else that costs good money, though, you need to investigate whether it really is a good deal for you or not.

You need to watch out for a few things if you plan on going this route.

4. Do you want to ensure the value of your purchase?

If you are comfortable with a country club style membership which provides luxurious vacations, then a destination club can certainly meet your needs for an expensive buy-in fee. Whatever type of membership or ownership you choose look for credibility in a developer. What have they done before? With who are they associated? Do they know the area? Have they honored the buy-back commitments outlined in contracts? Are your annual dues or fees going to support club operations or are they going to pay the mortgages on the homes in the program? All these elements are keys to a strong, secure investment.

The list continues and is a must read for anyone considering purchasing a Shared Vacation Ownership. Make sure it really is a good deal before plunking down your money or signing a contract you just don’t understand. Vacationing is supposed to be fun!