Vacation Home Investment: Timeshares or Condo Hotels
You are thinking to buy for your family a vacation home but you
don't know exactly what investment to make. Should you be
interested in timeshares or in condo hotels? Well, here are some
facts about these vacation homes options. This info may be
helpful in making a choice that suits you.
First of all, let's discuss the flexibility of using the suit
aspect. A timeshares is offering you a relatively limited
freedom of using it. It means that you have paid to use your
vacation home only for a certain period of time every year. You
can't change the period of time, so you have little options of
enjoying your vacation home. But, when it comes to a condo
hotel, you can enjoy it whenever you want provided the fact that
you will not make it your permanent home.
The facilities aspect should also be taken into consideration
when buying a vacation home. The timeshares usually have a
shared swimming pool and some other common areas. Condo hotels
offer you full access to all the facilities the hotel is
normally offering to his guests: a swimming pool, restaurants,
bars, an on-site spa or a gym centre.
Also look at the furnishings provided by each type of property.
The timeshares' furnishings depend on individual development.
You will pay for the furnishing when you buy the entire
property. A condo hotel is offering you high-tech appliances,
high-end furniture and fixtures that are usually chosen by an
interior designer. The quality of the furnishing is equal to the
quality of all the facilities and services provided by a
high-class hotel. And the price is also included in the
purchasing value of the property.
The services issue may be one of the most important reasons for
choosing on a certain property. When it comes to timeshares, you
deal with the housekeeping issues during the vacation. A condo
hotel is providing you full access to room service, valet,
concierge or maintenance services. So no worries about who's
making the bed!
The location of these properties is also important. Both
properties are placed in popular resorts.
And here it comes the most important issues: money. The
timeshares have different prices, depending on the quality and
comfort, but they are definitely much cheaper than a condo hotel
suit. On the other hand you won't be getting any revenue for the
weeks when you will not be using your property. A condo hotel
suit is more expensive but it also brings you money as you can
introduce it into the hotel's rental programme. The income will
be shared with the hotel.
You have now a lot of reasons for buying a condo hotel or a
timeshares. Your decision depends entirely to your needs and
budget.