What is Vacation Ownership?
Vacation Ownership is an alternative to maximize your standard vacation time and vacation options. When you buy into a vacation membership program you basically lock-in the purchase price of accommodations, and guarantee future vacations at top rated resorts and hotels at today's prices.
and physically important to all of us and creates memorable moments for you and your family to enjoy.
Vacation Ownership offers you luxury vacation homes for just about the same dollars as regular hotel accommodations. Most vacation ownership suites offer you larger rooms than regular hotel accommodations; unit sizes range from studios to three bedrooms and they include fully equipped kitchens or kitchenettes and daily comforts you will most likely have at home like DVD players, washer and dryers and TV sets.
Any vacation expert might tell you that Vacation Ownership is a great investment when it comes to lifestyle on future vacations and quality time with your family. However, they will also tell you that it is not a financial investment so don’t purchase one expecting to profit from selling or renting. It’s best for you to buy because you plan to use the vacation ownership product for years to come.
Vacation ownership purchases are usually financed by consumer loans and the terms vary depending on the type of unit you purchase, the weeks usage, the down payment you leave and the life of the loan. All memberships are priced according to the size of the suites, resort amenities, location, and season. Once you’ve purchased your membership you will only have to cover an annual management and maintenance fee.
Vacation Ownerships are usually sold by shares. Each room at a vacation ownership resort is divided in 52 separate units of time. Each unit of time is a week long, so each unit is sold 51 times a year, leaving a week for resort maintenance and renovations.
As we all know, it is important to include leisure travel in our lifestyle to make sense in our minds of all of those long working hours. Taking regular vacations is mentally
Travel the world using your membership!
Most resorts within this industry affiliate themselves with exchange companies all throughout the world which administer exchange service for their members, such as Interval International and RCI. A complimentary membership is usually included in your contract, however once this exchange membership is due it is up to each member to continue being affiliated.
When ready to exchange your membership you may contact the affiliate exchange company and deposit a week into the company's pool of resorts. You will then choose an available resort or location. You must cover an exchange fee and make sure your annual maintenance fee has been paid in order to exchange. You can also bank weeks you can use in the future.
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