How do timeshares work is a question that on the face of it

is a simple one to answer, as all timeshares work on the

same principle. However, due to the massive number of

timeshares available today, it is no surprise that

timeshares are far more flexible and give the timeshares

owner far more choice than they did twenty five years ago.

The main principle of timeshare is that it is better to own

than it is to rent the same thing, very much like a house or

a car it is better and cheaper in the long run to own your

own than to rent. The car is the best example as a car very

much like a timeshare will reduce in value over time.

All timeshares involve two main expenses to get involved

and these are the initial purchase price that is paid one

time and not repeated and then an annual maintenance fee

that the timeshare owner pays to the resort where they own

to maintain the quality and upkeep of their resort. Both of

these fees vary immensely depending on the timeshare in

question as timeshare condominiums vary in apartment size,

quality, location and time of year available. Each timeshare

is purchased in a block of one week, or 7 nights, and you

can purchase as many weeks as you like and then you pay an

annual fee for each week that you own.

A weeks timeshare in a five star resort, in a popular

destination and a large accommodation size will be much more

sort after and much higher priced than a studio apartment in

low season in a not so popular resort. Every timeshare does

exactly the same thing but a more expensive and popular

resort will get you a much better set of options than a

lesser week.

Each timeshare will give the owner a chance to either stay

at their chosen home resort every single year, or, exchange

their week(s) through an affiliated exchange company to

another destination at another time of year, providing what

they are requesting is like for like with what they own. The

exchange company will charge a minimal fee for the service

they provide to switch the owners timeshare to another

resort and for many timeshare owners, this is an option that

was the main reason they made the purchase. Timeshares are

available today in more than 70 countries and have attracted

some huge names, such as Hyatt, Sheraton, Marriott and the

like, all of who provide top end timeshare experiences.

With so many resorts and brands to choose from today, some

timeshares offer more than just the traditional week for

week exchange option described above, but have now evolved

into points schemes that can offer not just timeshare

resorts on a 7 night basis, but points can be used for

single timeshare nights, hotel nights, cruises, flights, car

rentals and a huge choice of other travel or non travel

related benefits. Although timeshare should never be

purchased as investments, if the right timeshare is

purchased in the right place for the owner, then providing

that have a good fundamental idea on how it works, owning

timeshare can be an extremely enjoyable and rewarding

experience and money will be saved.

Many people get caught up in the moment when they buy their

timeshare and do not fully understand the possibilities of

what they could do with their purchase before they sign.

With the average timeshare being more than the average

family purchase it is important that people fully understand

the purchase and make it work for them in the best way

possible. Timeshare is a growing industry and millions of

people worldwide enjoy fantastic vacations every year and

the industry will continue to grow. The best thing anyone

can do wanting to understand timeshare is to make sure you

completely understand the product to make it work for you

rather than against you.