The Costa Rica News (TCRN) – What used to be known as “timeshare ownership” and was associated with getting a free gift for sitting through a presentation about vacation rentals is now known in the travel industry as “vacation ownership” and is much improved from the days of its predecessor. Trusted names like TradeWinds Bluegreen Resort are now at the forefront of the vacation ownership trend and are offering packages that provide tremendous benefit to travelers including properties of high quality that offer a number of amenities. You may not be aware of the industry makeover that has occurred and how vacation ownership works, so the following is an overview about vacation ownership and what it can do for you.
Vacation Ownership Defined
Vacation ownership gives travelers the chance to buy accommodations of their choosing that are sold in a couple different ways. These purchases can be made in weekly intervals or through points-based systems. A pre-determined purchase price along with a yearly fee for maintenance will secure your property ownership for a certain number of years or even for a lifetime, depending on the package you choose.
How It Works
In vacation ownership, units are broken down into intervals or shares. These intervals may be by the week or divided by a points system. You pay a purchase price for your unit based on factors like location, unit size, amenities offered and season. You are essentially sharing the unit with other buyers and going in on the cost of regular maintenance with your purchase price and fee. A major bonus to vacation ownership is that you can trade use of properties or units with other owners through a system that allows you to travel to various locations and types of properties.
One of the biggest advantages to buying into vacation ownership is that you can lock in current prices of deluxe travel packages for years to come. This can add up to big savings, and it’s estimated that these kinds of deals can pay for themselves in about five years’ time. Along with the economic value comes the flexibility to travel nearly wherever you desire at a time that’s convenient for you.
Another advantage is that these fabulous vacation packages can be financed for up to 10 years, allowing you to pay over time. In addition, you get a lot more for your money than you could ever get from a regular hotel or condo stay. You’ll enjoy luxury resort accommodations and the comforts of home with every vacation package you choose. Amenities and the number of activities available through vacation ownership are beyond compare.
About Your Purchase
Most vacation ownership buyers will purchase their package through an on-site presentation that usually lasts about an hour or so. However, you can also buy through information booths off-site, through direct mail or by owner referral. You often have a short grace period to consider your purchase and change your mind if necessary.
Vacation ownership is an economical choice for traveling that offers a variety of options. Do your research, visit the property and get testimonials in order to ensure a positive buying experience, and you’re likely to be happy with your vacation ownership for years to come.
The Costa Rica News (TCRN)
San Jose, Costa Rica