When it comes to taking a vacation, people have a variety of options, but two of the more popular choices are timeshares and vacation clubs. While these two services are similar, they have distinct differences. Understanding the pros and cons of both will help you decide which option is best for your family.

What Is a Timeshare?

A timeshare is an agreement between a group of buyers who all go in together on partial ownership of a property. Rather than buying a vacation house just for yourself, you can work with a group of friends or strangers to all own a part of the property. Then an agreement is drawn up between the owners to split up the time on the property, giving you a set window every year to take a vacation.

The benefit of this type of property is that you’ll have access to it at an agreed upon point of the year. It also gives buyers the benefits of owning a vacation property without having to invest a large sum of money upfront. However, they limit vacation times to certain periods of the year and location, so it’s rarely possible to make a spur of the moment trip. Plus, while the costs are shared, you’ll still have to pay for annual maintenance even if you don’t use the property in a given year.

What Is a Vacation Club?

Vacation clubs offer the ability to pay a yearly cost to purchase points that can be redeemed for different vacations. Perhaps the biggest benefit of vacation clubs over timeshares is that they don’t limit you in terms of where you can vacation. Rather, they provide several different options throughout the year that you can redeem.

However, unlike a timeshare, there’s no guarantee that you can take the vacation where and when you want. The options are limited to their availability, and the most popular destinations tend to go fast. By and large, vacation clubs are also more expensive than their counterpart.

 

 If you’re locked into an unfavorable vacation home contract, contact the experts at Timeshare Selling Team in Ballwin, MO. Their experts specialize in helping clients get out of timeshare contracts that they’re locked into, and offer a 100% satisfaction guarantee with each case. To get started with selling your timeshare, call (855) 444-9360 or learn more about their exit options online.