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January 7, 2022

Renting a Timeshare

Although it could be considering the best of the ideas, to rent a timeshare but in some cases, it works out to be more economical than other options. Timeshare rentals were not so easy to find earlier as the owners of timeshares don’t make any profit when they rent out their timeshare units and also very few people had timeshares. Over the past few years, the popularity of timeshares has grown tremendously and there are many big names entering into the business now. There are over 9.6 million Americans who have timeshares. The timeshare rentals are available because they couldn’t use it due to their hectic schedules. Timeshare units can also be rented through a third-party company with timeshare rentals and sales. But always be careful while approaching the brokers because the timeshare industry has witnessed many mishaps due to some unscrupulous brokers. Make sure the broker is a licensed broker and reputable also. 

But how will the timeshare rentals work out? Let us do some math. If you rent a hotel or a studio room in a resort the rent per night typically costs around $250 per night. This means it is around $1,750 for a week’s vacation and if you have more people and if you need another room it will end up totaling $3,500. Compare this to a timeshare rental which may cost $150 per night. The total would be $1,299 for a 2-3-bedroom unit. The benefits you get are immense. A timeshare unit gives you more room compared to a hotel suite and is better furnished. Typical timeshare units have two to three bedrooms, one to two bathrooms, a kitchen, a dining room, a laundry room, and an indoor or outdoor pool. Most of the timeshares are strategically located near the attractions. And they are located in some of the finest vacation resorts in the world. Timeshare resorts provide more amenities and conveniences compared to hotels. The timeshare resort also offers discounts on air travel, rental cars, and tickets to many attractions. The resorts have many facilities like a golf club, tennis courts, athletics, marinas, and many more recreational activities. You can invite all your friends and family to the unit and have a gathering as well, all in the comfort of a luxurious unit. 

But few things have to be considered before opting for renting a unit. Try to select the best location if possible like near the pool or other resort facilities. You don’t want to be left out when others are making full use of these amenities, the point is in busy seasons the pools and other facilities are overly crowded, so the more near you are to these facilities the better chances you have.  And do not hurry in deciding on a timeshare unit; nowadays more and more units are being available as many big resorts have ventured into this business. So, shop around and go for the best price. Some timeshare units can be without kitchens, make sure you rent the one with the kitchen as it can save you a few extra bucks by saving you from eating outside. 

Also, do your homework by researching out to the resort from where you are renting the unit. In this age of the internet, the resources are easily available which provides you with reviews of the resort and more information to make you knowledgeable. It’s also a smart idea to rent the timeshare unit near the attractions which will save the cost of renting a car. Idea place would be one which is easily accessible to public transportation. One can also share rental units with other interested parties by dividing the unit into two. Renting a timeshare definitely makes a strong financial sense compared to hotels and motels.