What is the best type of timeshare for you? Timeshares and how to use it guide
Timeshare Use Guide. Using Or Buying Timeshare For Use At Your Resort.
If you are an existing owner, you know that there are different types timeshare Use. On the other hand if you are a newbie and maybe your friends own timeshare or you have only been to one presentation, how do you know this is the right one and how do you find out which type of timeshare use is for you?
The terms Timeshare, Vacation Ownership or Holiday Ownership are broad terms and the different types of ownership can be more suited to various uses, so pick the right tool for the job and you will be happy thereafter, at least on vacation! For reference also see What are RCI Points and All about RCI Points
Using your own timeshare resort week. This one is pretty obvious even for a timeshare use guide, those of us who have fallen in love with a particular resort or location and simply return to the same place year after year. Later in the series I’ll also be covering multi destination clubs, which is owning at a group of resort, but this article is for those that chose to buy a timeshare to use onsite.
I’ve friends who have two notable UK timeshares, one in Scotland and on in the North of England and they return year after year to the same specific lodges and look forward to doing so. Here’s why.
To them it has become home from home. When I asked them recently on exchange they simply didn’t understand how it all worked. This is quite stunning as these resorts, Slaley Hall and Cameron House are both at the Pinnacle of their exchange network, Interval International.
They would have had no problem exchanging to a like resort or other highly sought after top location, but are simply only interested in their own resorts for fear of exchange. This is despite the fact that Interval has a request first exchange, whereby the risk of a failed exchange is eradicated.
They chose particular lodges and specific weeks and were motivated by the golf and the facilities. Over the years these lodges have become that home from home, with like minded friends also being at the resort on those same weeks.
That works great at those resorts but not all resorts allow particular units. Marriott Timeshares for instance have floating time and units. That means you have the right to use your timeshare at particular times of the year, but don’t have a finite apartment or villa of your own, so you may be in a different apartment every visit to the same resort and never have the same neighbors.
This can work to your advantage as you also aren’t tied to the same week as the timeshare ownership with Marriott’s is banded seasonally. Platinum gets you year round, gold gets you top summer weeks etc, so depending on what you have bought is when you can stay. The downside of course is that you don’t have that same apartment to call your very own, with specific features, for instance a location or floor level onsite, with a beach or sea view, or near or far from certain facilities.
See Also How To Choose RCI Points Timeshare a type of floating timeshare but with a fixable value.
Floating Time. So why do developers sell floating time, isn’t it better to sell individual units with better prices for better locations onsite? The simple answer there is no!
Timeshare marketing has always been expensive, as you have to sell each week in the same way as you would sell a property. In resorts that had fixed deeded properties for each week you might only get to sell 80% of each timeshare unit. Someone might buy weeks 22 and 23 and someone else 25 and 26, making the week 24 a loner and not sell able to someone who would want two weeks together in the same unit. Buyers of two weeks wouldn’t want two separate units and to have to move half way through the vacation! This meant that resorts would be considered “sold out” when they had reached only 80% of their potential sales.
So the magical cure was the invention of floating time. Buyers would buy a “red week” and get allocated a red week onsite in any floating apartment for the vacation. The ownership being a floating apartment with a floating week. This allowed developers and marketers to “pour” owners as they bought into timeshare apartments until all 50 weeks were sold in each – allowing two for maintenance weeks.
Voila! Now resorts could be sold to the hilt, the only hindrance being the ability to sell the less desirable times of the year. This also neatly solved the other aspect of marketing, the less desirable units in the lesser locations.
Top Tip. Be an early bird When the resort is full to capacity there will be winners and losers on the best apartments. As Orwell would have said – all apartments are good, however some are even better than others. Generally resorts like to look after their own, meaning exchange
visitors also play pot luck. The trick is to arrive early on in the day and if you want to play “I want a better location”, then the resorts will have those other apartments without guests yet, remember they are ALL floating and in theory all available!
In my next blog, owning for onsite use at your home resort and as an exchange vehicle. More tips and insider knowledge to impart!
Future topics in this series include Buying RCI Points Guide, RCI Points Timeshare, RCI Platinum Points, Timeshares For Points, RCI Timeshare Weeks Exchange, RCI Gold Crown, Interval International Exchange, Interval International Deposit First and Marriott Timeshare