Understanding The Different Types Of Timeshare Options
Posted on: 4 December 2019
Owning a timeshare is popular for many reasons. Who doesn't want a great place to stay in a prime vacation destination? Most people who own a timeshare make taking a vacation a priority, which is great for mental health and creating lasting memories. There are timeshare properties in many different locations, typically in places that tourists love to visit regularly for vacation. However, since buying a timeshare requires a financial investment, it is not something that you should do on a whim. It is important to understand your options. Continue reading to learn more about the different types of timeshares available for purchase.
Fixed Week
When you buy a fixed week timeshare, you are able to use the unit for the same week every year that you are a timeshare owner. Buying a fixed week timeshare is a great option for people who love to vacation at a specific time, such as over a holiday week or during days that have special meaning, like an anniversary or birthday. A fixed week timeshare is also a good choice for people who need to plan their time off from work in advance. When you take a vacation at the same time every year, it is much easier to plan ahead.
Floating Week
If you buy a floating week timeshare, you will still be able to use your unit for one week each year, but you will have more flexibility when planning vacations. With a floating week timeshare, you can opt to book your unit any time during the year. A floating week timeshare is ideal for people who don't know when they can get away, or want to experience a destination during different seasons of the year. One important thing to note when you buy a floating week timeshare is the fact that you will need to plan ahead and book your week far in advance if you want to use the unit during peak times.
Point-Based
Many timeshare developments now offer buyers the opportunity to participate in a points-based timeshare system. With this type of system, a timeshare owner still owns at their home resort, but their unit is assigned a point value. If an owner doesn't want to stay at their home resort for a week during a given year, they can use their points to book a stay at a different resort within their timeshare network. This type of timeshare ownership is very appealing to those who want to visit new destinations from time to time.
Whether you're looking at Hilton timeshares or any other type, keep this information in mind.
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