Why Pay off Timeshare Annual Expenses

Author Information

Alfred Hinkley has 18 Published Articles

United States of America,
Ohio,
Kitts Hill,
Pannel Drive,

Why Pay off Timeshare Annual Expenses

Posted On : Jan-10-2011 | seen (236) times | Article Word Count : 372 |

If you own a timeshare, chances are you've found yourself staring at a little slip of paper asking payment for "annual maintenance". Most owners don't even know what such fees entail, and here we explain them to you.. 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 operation, maintenance and management of a resort is evenly divided among all owners through the annual membership dues.. The charges includes reserves to pay for non-recurring costs such as furniture, landscaping and external repairs, as well as general resort maintenance, similar to the upkeep of a house.. 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 current dilemma of many owners, who only considered the initial membership price without thinking of the annual charges that may rise overtime. Especially since the economic depression, a lot of members have found that they cant afford to pay the increasing maintenance fees. In some rare case, it can een become more expensive to pay those annual fees than renting the units 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.

Re-Publish this Article

<h1>Why Pay off Timeshare Annual Expenses</h1> Author: <a href='http://www.articleseen.com/profile_Alfred Hinkley.aspx'>Alfred Hinkley</a> If you own a timeshare, chances are you've found yourself staring at a little slip of paper asking payment for "annual maintenance". Most owners don't even know what such fees entail, and here we explain them to you.. 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 operation, maintenance and management of a resort is evenly divided among all owners through the annual membership dues.. The charges includes reserves to pay for non-recurring costs such as furniture, landscaping and external repairs, as well as general resort maintenance, similar to the upkeep of a house.. 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 current dilemma of many owners, who only considered the initial membership price without thinking of the annual charges that may rise overtime. Especially since the economic depression, a lot of members have found that they cant afford to pay the increasing maintenance fees. In some rare case, it can een become more expensive to pay those annual fees than renting the units 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. About the Author: If you are planning on letting a developer manage your <a rel="nofollow" href="http://timesharepages.com/timeshare-news">timeshare</a>, then your maintenance fees may be temporarily taken care of. However, your fees may greatly increase without your notice. You should therefore ensure that you also keep track of the management of your timeshare. Article Source: <a href='http://www.articleseen.com/Article_Why-Pay-off-Timeshare-Annual-Expenses_47958.aspx'> http://www.articleseen.com/Article_Why Pay off Timeshare Annual Expenses_47958.aspx</a>

Article Source : http://www.articleseen.com/Article_Why Pay off Timeshare Annual Expenses_47958.aspx

Author Resource :
If you are planning on letting a developer manage your timeshare, then your maintenance fees may be temporarily taken care of. However, your fees may greatly increase without your notice. You should therefore ensure that you also keep track of the management of your timeshare.

Keywords : Timeshare,

Category : Business : Business

Print this Article Send to Friend