Timeshare Annual Costs: A Short Guide

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<h1>Timeshare Annual Costs: A Short Guide</h1><strong> Author: <a href='http://www.articleseen.com/profile_Catherine Wolf.aspx'>Catherine Wolf</a></strong><br /><p>Most timeshare owners are simply unaware of the impact of timeshare maintenance fees and are often hesitant to ask, thinking that it just "comes with the territory of owning a timeshare. Even if this is the case, it is essential that you are thoroughly aware of the responsibility of owning a timeshare, especially when it comes to maintenance fees. The cost of a resort’s operations is evenly shared among all owners via an annual maintenance fee. The fee is inclusive of reserves to pay for non-recurring costs like furniture, landscaping, external upgrades, appliances etc. and other costs in maintaining the resort as it deteriorates, same as your own costs for maintaining your house or car. Cost is determined by the developer or HOA (homeowners association). As such, it should be noted that when a developer manages a timeshare, the upkeep charges may be temporarily borne by the developer as a marketing investment. However, when the HOA takes over after some period, the fees may immediately rise without warning. The cost of maintenance fees differ in accordance with the location and resort. Charges usually range between $200 to $1,000. According the American Resort Development Association, the average fee is around $400 a year. What you need to know is that when you buy your timeshare, it is impossible to keep the same maintenance fee for the rest of your ownership tenure which is usually lasts for a lifetime for most deeded properties. I'ts inevitable that the $400 annual fee today will rise in the 20 years that you are part of the timeshare club. This is the case at present, with many resorts increasing their annual maintenance fees that it reached a point where it doesn’t appeal as much to customers. In some rare cases, it can even become more expensive to own in annual maintenance fees when compared to a non owner that just rents the unit for a week. Perhaps the moral of the story is this: in considering a timeshare investment, look beyond the initial price. Long term investments like cars and houses inevitably entail rising upkeep costs, and so do timeshare properties. </p><strong>About the Author:</strong><br />Timeshare maintenance fees usually increase along with the duration of your ownership tenure. It is therefore pertinent that you do the necessary research before investing in a <a rel="nofollow" href="http://timesharepages.com/timeshare-news">timeshare</a>. <p> Article Source: <a href='http://www.articleseen.com/Article_Timeshare-Annual-Costs-A-Short-Guide_47969.aspx'> http://www.articleseen.com/Article_Timeshare Annual Costs: A Short Guide_47969.aspx</a></p>

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Keywords : Travel News, Timeshare, Timeshare Company, Travel, Timeshare Club,

Category : Travel and Leisure : Travel and Leisure