apples23
TUG Member
Hey There,
I've roaming the forums here for a while, and just decided to sign up.
I'm currently contemplating purchasing a unit at WKORV. I rented a studio unit from a timeshare owner last January, and completely fell in love with both the island and the resort. I'm a new father, and am looking down the road at how costly and difficult hotel room vacations can be with kids, hence my interest in timeshare.
Im leaning towards buying a 1 bedroom even or odd year unit on resale. My reasoning for the 1 bdrm, is obviously the lower cost of both the unit and MF. I'm not looking at an annual unit, as I'm in Canada and the hike to Hawaii is pretty far, and likely not something that ill do on an annual basis.
I also really like the flexibility that the SVO units seem to offer whereby you can book on a float week basis, and there seem to be some great vacation options.
So here's the debate:
1. I will probably not even make it to Maui every 2 years, more likely every 4. My intent is to exchange through Starwood to go elsewhere in those interim years. Does it make more sense to look at the Westin KV? My concern is that the rentability of the units doesnt seem to be as strong at KV in the event that I needed to forfeit a season.
2. I know that it's tough to speculate, but given then state of the US economy, would I be better off on purchasing in the new year, in the event that the market continues to travel in the same direction.
3. Are there any other variables that I should be considering here?
I've been poking around, and seen what seems to be relatively good deals. One unit that I have my eye on can be purchased for under $8k.
I'd love to hear some advice from existing owners. I don't really know anybody who owns a timeshare, and for the most part I've been getting the "stay clear, bad investment" advice from friends and family.
Thanks in advance, and sorry for the long winded post.
I've roaming the forums here for a while, and just decided to sign up.
I'm currently contemplating purchasing a unit at WKORV. I rented a studio unit from a timeshare owner last January, and completely fell in love with both the island and the resort. I'm a new father, and am looking down the road at how costly and difficult hotel room vacations can be with kids, hence my interest in timeshare.
Im leaning towards buying a 1 bedroom even or odd year unit on resale. My reasoning for the 1 bdrm, is obviously the lower cost of both the unit and MF. I'm not looking at an annual unit, as I'm in Canada and the hike to Hawaii is pretty far, and likely not something that ill do on an annual basis.
I also really like the flexibility that the SVO units seem to offer whereby you can book on a float week basis, and there seem to be some great vacation options.
So here's the debate:
1. I will probably not even make it to Maui every 2 years, more likely every 4. My intent is to exchange through Starwood to go elsewhere in those interim years. Does it make more sense to look at the Westin KV? My concern is that the rentability of the units doesnt seem to be as strong at KV in the event that I needed to forfeit a season.
2. I know that it's tough to speculate, but given then state of the US economy, would I be better off on purchasing in the new year, in the event that the market continues to travel in the same direction.
3. Are there any other variables that I should be considering here?
I've been poking around, and seen what seems to be relatively good deals. One unit that I have my eye on can be purchased for under $8k.
I'd love to hear some advice from existing owners. I don't really know anybody who owns a timeshare, and for the most part I've been getting the "stay clear, bad investment" advice from friends and family.
Thanks in advance, and sorry for the long winded post.
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