TUG MEMBERS: Joining TUG does not automatically register you as a user of the TUG Bulletin Board. You must register yourself.


*ads are disabled when logged in as a member*
  1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.
  2. The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 25 years!

    Join tens of thousands of other owners just like you here to get any and all Timeshare questions answered!
    Dismiss Notice
  3. TUG has now saved timeshare owners more than $12,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $12Million dollars
    Dismiss Notice
  4. Sign up to get the TUG Newsletter for free! Join tens of thousands of other owners who get this every week! Latest resort reviews and the most important topics discussed by owners during the week!
    Dismiss Notice
  5. TUG is trying out a new program that will trade you a TUG membership for a Timeshare resort review if you are an expired member, or even just a guest here on the forums!

    Read more here
    Dismiss Notice
  6. Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    Read more Here
    Dismiss Notice
  7. Follow the TUG Member Banner as it travels the world on vacation with Timeshare owners! Also sign up to get the banner sent to you so you can submit a photo of your vacation with the banner to share with TUG! Banner Thread
    Dismiss Notice
  8. TUG has now joined Priceline.com as an affiliate!

    Members and guests who book air travel, rental cars and even Cruise Vacations thru TUG's priceline links will now support TUG in the process!

    Read more here
  9. A few of the most common links here on the forums for newbies and guests!
    Dismiss Notice

Five Reasons Why We Bought a Timeshare

Discussion in 'New to Timesharing? Look Here!' started by anderik1, Nov 10, 2018.

  1. anderik1

    anderik1 TUG Member

    Joined:
    Oct 1, 2018
    Messages:
    28
    Likes Received:
    24
    Trophy Points:
    53
    I wrote this post on my personal blog, but thought it may help other folks here on the TUG since so much of what I learned about my situation came from advise here on the forums.

    I’d love any feedback you have, but more than anything, I hope this helps someone else. The original post follows:

    [​IMG]

    My wife and I have gone to more than our fair share of timeshare presentations. I’d imagine that we’re somewhere in the neighborhood of ten different pitches. Most of the recent ones have been through Book VIP. The deal is always that you can get a significant discount on accommodations (and often they include All-Inclusive packages) in return for selling your soul for a few hours ( aka the obligation of sitting through a timeshare pitch.)

    Having been through as many as we have, I’ve actually gained quite a bit of knowledge of not only how the sales pitches work and how to combat the tactics used by the parade of sales people, but I’ve also learned about the different timeshare systems themselves. And when you look past the sales info, there’s no doubt in my mind that there is at least some truth behind the story that you can either save money on travel or travel with nicer accomodations — ASSUMING that you are able to pay a reasonable amount of money to acquire your week.

    It’s also no secret that we like to travel, which is why I’ve always given the idea about buying a timeshare some thought. But like many of you, I’ve often heard horror stories about them. You can’t book when you want. Maintenance fees are expensive. And you can’t get rid of them. Any of the ones that are worth owning are ridiculously expensive to purchase. Other than that, sounds great, right?

    Based on the things that I’ve read, a lot of that can be true.

    However, if you do your research and know what you’re getting into, owning a timeshare can improve the way you vacation… or at least that’s my theory and hope going into this. I’ve done quite a bit of research so I do feel good about it going into this.

    Here are five reasons why I believe buying a timeshare is the right move for us:

    1. We travel most years. Who am I kidding, we travel every year. Quite often a few times a year. We buy “things” on occasion, but we are definitely of the mindset that experiences and memories are more important than accumulating stuff or always driving a new car. Because we know that we like to travel, we include money to cover those expenses in our monthly budget, so that it’s covered when the time comes.

    Knowing that we are going to prioritize travel means that I’m ok with the commitment to pay a maintenance fee every year.

    2. We like going to places where there are timeshare locations. Well, perhaps more accurately, we like to go a lot of different places, and a lot of those locations also have timeshares. If you’re going to buy into a timeshare system, you should either really want to go back to that same location or the other locations that are operated by the same or partner companies. If your vacation destinations don’t line up with where there is resort availability, owning a timeshare isn’t likely for you.

    [​IMG]
    3. We’d enjoy having a bit more space when we travel. This one is probably a bit more subjective to us right now. With the kids being the ages that they are, we’re all really ok piling into a single standard hotel room with two queen beds. Half the time, we end up splitting up the adult and kids anyway. When we were in Hawaii, we only had an adult bed and a kid bed for one night.

    That being said, the kids are starting to get older, and it would be nice (not required, but nice) to have some more private space. We also bought enough HGVC points for a two bedroom unit, which would also give us the flexibility to have grandparents or friends potentially travel with us. We also don’t have to eat out every meal — especially breakfast — so having a working kitchen will be nice.

    4. We’re getting a high quality unit at a low price. If you go out to timeshare sales sites, you can quite often find units for sale for $1 — or in some cases, I’ve even seen where people are paying all of others closing costs just to get them to take them. Quite often, those locations are with questionable companies with high maintenance fees. I have no idea what the prices of timeshares will do in the future, but I feel confident that in the worst case scenario, I won’t be out too much capital — and could easily pass on the unit to someone else. However, my expectation is that we’ll hold on to this for a long time.

    The high quality unit also means that we should have good trading power if we wanted to go outside the Hilton Grand Vacation Club system. The location we’re buying into trades into both RCI and II — the two major players.

    There’s one additional benefit from a high quality unit which takes me to my final point.

    5. The week at the location that we’re buying rents for more than double the maintenance fees. Owning a high demand week in a high demand location also means that if we wanted to, we could reserve the week and rent it out and more than cover the maintenance fees for the year. If we actually did rent it out every other year, it would essentially pay for a free vacation for us every other year as well. I don’t know how often that we would consider renting it out, but I love having that as a fallback option if we don’t need it for one reason or another.

    We’re definitely still early in our journey, but I’ve done enough research that I feel very comfortable with our decidsion. I’d also be remiss if I didn’t give a shout out and thank you to the friendly folks at the TUG (Timeshare User Group) forums. They not only helped by answering a few of my specific questions, but just reading through others’ posts was exteremely beneficial.

    Stay tuned for more updates as we actually begin to use our new timeshare. Do you have a good or bad timeshare experience to share? Let me know @TalkToErik.
     
  2. DrQ

    DrQ TUG Member

    Joined:
    Jun 13, 2005
    Messages:
    1,129
    Likes Received:
    711
    Trophy Points:
    323
    Location:
    DFW
    Resorts Owned:
    HICV, Westgate (second cousin, twice removed)
    I'm onboard with points 1-4.

    Our first was a slick developer presentation off site for an Orlando T/S and we had visions of Disneyworld dancing in our heads. Big mistake.

    We definitely were onboard with #3 and I looked for a regional system on resale where we were a day's drive away. When we checked out the unit, we were disappointed but we liked the resort locations, so we doubled down and upgraded. We could visit family, but still stay in the condo each night to decompress :thumbup:. We were able to use the benefits to save the cost of a motel room on the way up and back.

    We purchased a couple of weeks on eBay for $1 and $100 and we really love those weeks. Again, a day's drive away.

    The unit we purchased resale had 2 weeks deposited in RCI and we traded to Hot Springs AR and had a great time. Unfortunately, the game RCI was playing left a bad taste and we left and retreated into the system with internal exchanges and were happy.

    Our system was purchased by HICV so again we doubled down again and converted because our family has moved and HICV has resorts close to two of them and we can use the system to vacation close to family.

    On pont #5, none of our T/S have much rental value. :rolleyes:
     
    anderik1 likes this.
  3. anderik1

    anderik1 TUG Member

    Joined:
    Oct 1, 2018
    Messages:
    28
    Likes Received:
    24
    Trophy Points:
    53
    I agree with you @DrQ that #5 may not come to fruition, but I'm optimistic. Worst case scenario, if it doesn't rent, we can use them for the rest of the year since we own week 1.

    Sent from my SM-G965U using Tapatalk
     
  4. LannyPC

    LannyPC TUG Member

    Joined:
    Jul 5, 2010
    Messages:
    2,732
    Likes Received:
    509
    Trophy Points:
    248
    Location:
    British Columbia
    We're not TS owners (we used to be) but I agree with your points if such suits one's travel needs, preferences, and circumstances.

    It would be nice if people could see a thread like this before they go on social media totally lambasting the idea of owning a TS. It's a real shame when some people who have had bad, personal experiences with TSs blast the whole TS industry and emphatically try to tell everybody not to buy a TS.
     
    TravelTime, mpumilia and anderik1 like this.
  5. anderik1

    anderik1 TUG Member

    Joined:
    Oct 1, 2018
    Messages:
    28
    Likes Received:
    24
    Trophy Points:
    53
    I'd have to imagine that a significant portion of those folks bought under a high pressure sales pitch and also pay way too much for what they got.

    Sent from my SM-G965U using Tapatalk
     
  6. CalGalTraveler

    CalGalTraveler TUG Member

    Joined:
    Dec 21, 2014
    Messages:
    3,532
    Likes Received:
    2,078
    Trophy Points:
    298
    Location:
    California
    Nice well thought-out article. What TS are you buying?
     
  7. breezez

    breezez TUG Member

    Joined:
    Jul 1, 2015
    Messages:
    1,019
    Likes Received:
    688
    Trophy Points:
    174
    Location:
    Dover, FL
    Resorts Owned:
    WorldMark 39K
    Wyndham 406K
    RCI Points 196K
    Hyatt Pinon Pointe
    Hyatt Coconut Plantation
    Timeshares for me have been a learning curve. As I dabble in different brands I learn more about each system what I like and don’t like. So currently I am constantly adjusting my portfolio to get me where I hope to be when I retire and can travel more.

    But ultimately I have taken many vacations to places I have never been before. Some I had never even heard of before we went. Being involved in TS have given me many awesome vacations with hopefully many more to come.
     
  8. anderik1

    anderik1 TUG Member

    Joined:
    Oct 1, 2018
    Messages:
    28
    Likes Received:
    24
    Trophy Points:
    53
    A Platinum 2 bedroom week at Craigendarroch (HGVC).

    Sent from my SM-G965U using Tapatalk
     
  9. CalGalTraveler

    CalGalTraveler TUG Member

    Joined:
    Dec 21, 2014
    Messages:
    3,532
    Likes Received:
    2,078
    Trophy Points:
    298
    Location:
    California
    @anderik1 Good choice. We own 2 HGVC (W57 bHC, Vegas) and this is high on our list to add to our portfolio in the future so we could get to Elite and have lower our MF/point.

    +1 @breezez I agree. It makes us aware of locations we haven't thought of before. Through HGVC we stayed in Tuscany. We now have Barbados, Scotland, Japan and Portugal on the list for the future.
     
    Last edited: Nov 11, 2018
    sharewhereMiMi and anderik1 like this.
  10. Panina

    Panina TUG Review Crew: Elite TUG Member

    Joined:
    Jul 13, 2015
    Messages:
    3,977
    Likes Received:
    4,303
    Trophy Points:
    298
    Location:
    USA
    Resorts Owned:
    Hgvc Eagles Nest, Hgvc Surf Club, Hgvc Indian River, Hgvc Anderson, Sunrise Bay & Club, Chetola, Gulf Tides, Jade Tree Cove, Banyan Resort, Blue Ridge Village
    I am retired and can travel more and do and even though I recently felt I was done and my portfolio was perfect I just adjusted. This time it was my hubby who wanted the change. He wanted to go to Key West a few weeks later then we currently go.
     
    TravelTime, Sugarcubesea and mpumilia like this.
  11. bbodb1

    bbodb1 TUG Review Crew: Veteran TUG Member

    Joined:
    Apr 9, 2016
    Messages:
    1,696
    Likes Received:
    1,284
    Trophy Points:
    223
    Location:
    High radiation belt of the Northern Hemisphere
    Resorts Owned:
    RCI Weeks: LaCosta Beach Club, RCI Points: Oakmont Resort, Vacation Village at Parkway. Wyndham: CWA and La Belle Maison, and WorldMark.
    Excellent points, Anderik1.

    From our perspective, I would add that TS ownership has 'forced' us to include vacation planning as part of the yearly routine. I'm not saying that as a negative, rather as a push factor. I am very confident that TS ownership has 'made' us go many more places than we would have if we had to start from scratch each year, and consider the type of room/unit we wanted. We have been to areas of this country we would not otherwise have visited.
     
  12. Panina

    Panina TUG Review Crew: Elite TUG Member

    Joined:
    Jul 13, 2015
    Messages:
    3,977
    Likes Received:
    4,303
    Trophy Points:
    298
    Location:
    USA
    Resorts Owned:
    Hgvc Eagles Nest, Hgvc Surf Club, Hgvc Indian River, Hgvc Anderson, Sunrise Bay & Club, Chetola, Gulf Tides, Jade Tree Cove, Banyan Resort, Blue Ridge Village
    Would just add you are guaranteed the resort, unit size, time and view if you buy a fixed week. You get exactly what you want.
     
  13. DannyTS

    DannyTS TUG Member

    Joined:
    Mar 24, 2018
    Messages:
    1,898
    Likes Received:
    647
    Trophy Points:
    173
    Location:
    Canada
    Congratulations on the purchase. Week 1 is the New Year's week at Hilton Craigendarroch Lodges so it is the best in terms of rental value.
     
    Last edited: Nov 11, 2018
    anderik1 likes this.
  14. anderik1

    anderik1 TUG Member

    Joined:
    Oct 1, 2018
    Messages:
    28
    Likes Received:
    24
    Trophy Points:
    53
    Thank you! That's a big reason why we picked that one. We could have purchased a few different weeks for at least $1000 less, but I thought between the higher potential rental, better resale (maybe), and flexibility to use it the whole year was worth a bit more up front.

    Sent from my SM-G965U using Tapatalk
     
    TravelTime, marisa777 and Panina like this.
  15. DannyTS

    DannyTS TUG Member

    Joined:
    Mar 24, 2018
    Messages:
    1,898
    Likes Received:
    647
    Trophy Points:
    173
    Location:
    Canada
    as others said, it is wise to buy the best you can afford. congrats again
     
    Last edited: Nov 12, 2018
    anderik1 likes this.
  16. sharewhereMiMi

    sharewhereMiMi TUG Member

    Joined:
    Nov 8, 2018
    Messages:
    34
    Likes Received:
    17
    Trophy Points:
    58
    Location:
    Virginia
    Resorts Owned:
    Massanutten VA,
    Presidential Resorts Wilderness VA, Wyndham Myrtle Beach SC,
    The Quarter House, New Orleans LA
    Good reading. Thank you for sharing. We are pretty new at TS. I am glad that my husband is of the same vein, same value driven approach... geared towards family use of destinations purchased. our current dilemma is leaving our beloved homestead every time we journey to one of our TS. Wonder how you fellow TUGs prepare your home for a week or more absence? Especially those with older Victorian era homes. Is anyone else out there with a 100+ year old home?
    Perhaps a new thread?
     
    Last edited: Nov 17, 2018
    anderik1 likes this.
  17. JudiZ

    JudiZ TUG Review Crew: Veteran TUG Member

    Joined:
    Jun 7, 2005
    Messages:
    248
    Likes Received:
    175
    Trophy Points:
    253
    Location:
    Southern New Hampshire
    Thanks, anderik1. This is a lovely post and I may need to memorize it for every time someone asks me about vacations and I mention my timeshares. Their eyes roll back and they usually unleash tales of frustration and/or horror about their own or someone else's experiences. This would be immediately after they have noted, usually with a bit of envy, that I seem to go on nice vacations and stay in nice places. I do, however, agree with you that they or someone else bought under pressure. In many instances, either they or someone they know could not figure out how to use the week and/or couldn't sell it.

    A woman at work was telling me about her daughter's timeshare and complained that she couldn't sell it. For the record, I would have loved to have had it but I knew she would think I was trying to cheat her daughter if I had offered what it was worth. When I told her that her daughter would not get the thousands she expected, she got really frustrated with me. I directed her to TUG but to no avail. Shortly later, her daughter was enticed by some PCC so she assumed I was wrong and all would end well. We all know how it ended. So I understand how frustrated people can be but, for some of us, timeshares "work" and I am always appreciative of those who can articulate as well as you did.

    Judi
     
    TravelTime and anderik1 like this.
  18. anderik1

    anderik1 TUG Member

    Joined:
    Oct 1, 2018
    Messages:
    28
    Likes Received:
    24
    Trophy Points:
    53
    Thanks for the kind words, Judi! My family is still early in their journey, but my wife is already excited looking at up all the opportunities that we have to go on vacation. Perhaps I created a monster.

    Sent from my SM-G965U using Tapatalk
     
    TravelTime, GT75 and sharewhereMiMi like this.
  19. geist1223

    geist1223 Guest

    Joined:
    May 20, 2015
    Messages:
    2,130
    Likes Received:
    1,499
    Trophy Points:
    174
    Location:
    Salem Oregon
    Resorts Owned:
    Worldmark 89,000
    Seaside Oregon Residence Club
    Diamond Resorts Intermnational Hawaiian Collection 50,000
    Royal Solaris San Jose del Cavo
    We have a Craftman Chalet that turned 100 this year. But plumbing, electrical, heating, and A.C. were all updated in the past 9 years. We also have 3 pets. So we hire a House/Pet Sitter that moves into our House when we travel.
     
    sharewhereMiMi likes this.
  20. marisa777

    marisa777 TUG Member

    Joined:
    Oct 12, 2016
    Messages:
    37
    Likes Received:
    5
    Trophy Points:
    68
    Great blog/article. Here are my added comments. :)

    I love timeshares because:
    • They large kitchens and living rooms.
    • I save money and time cooking together in the TS rather than going to expensive restaurants three times a day.
      • I have a friend who owns a TS and she and another friend took their families on vacation, same time. She stayed in a timeshare and her friend in a hotel. Her friend spent three times more money because of restaurants and needing extra hotel rooms to accommodate her family.
    • I don't hear vacuuming in the morning and feel pressured to be out of my room for cleaning service.
    • The culture is family/friendly oriented and the service is higher quality in my opinion.
    • You are treated like family and they lavish you with amenities versus hotels where there is a charge for everything.
    • Timeshares have been one of my favorite investments. In my opinion, there is no investment that can give me such great memories, laughs and time well spent with people I treasure.
    • I could go on. :)
     
    DrQ, GT75, TravelTime and 2 others like this.
  21. mpumilia

    mpumilia TUG Review Crew: Veteran TUG Member

    Joined:
    Jul 16, 2010
    Messages:
    8,101
    Likes Received:
    3,694
    Trophy Points:
    399
    Location:
    Pine Bush, New York
    Resorts Owned:
    Smugglers Notch Resort
    Innseason Pollard Brook
    I am assuming you are planning to leave your home in the winter? Our house is not like yours, but was built in the 80's and is set back 700 feet in the woods, but we just don't travel in winter. Too many things can go wrong and we don't have any neighbors, family or friends here to check on our house. Plus- we wouldn't want to deal with any issues from afar.

    The most we do is go away for a couple of days for XMAS to see our son- who happens to live up north anyway. We keep the heat up during that time.

    BTW- we do have a whole house generator for the frequent power outages we get year round. I would consider that a must. It automatically comes on when the power goes out. We shut off the main water valve also. They do have gadgets that monitor water pipes. We have a monitored alarm system and we set a light timer and stop the mail. Alexa can pay guard dogs barking round the clock if you have the Echo gadget. We used to keep a car out in the driveway for the appearance of someone being home, but this summer a rodent ate through some wires that cost us $350 to fix, so not sure we will do that vs. keeping it in the garage. Then again, rodents can get to it in the garage also.
     
  22. Goaltender

    Goaltender Guest

    Joined:
    Apr 3, 2017
    Messages:
    8
    Likes Received:
    2
    Trophy Points:
    13
    Resorts Owned:
    Marriott DC Points
    You forgot the damn resort fees hotels are charging now!
     
    DannyTS likes this.
  23. AndySamuels

    AndySamuels Guest

    Joined:
    Jan 22, 2013
    Messages:
    85
    Likes Received:
    24
    Trophy Points:
    68
    Location:
    NC
    After reviewing the concept again I am still not sold on it.

    The lifetime & beyond annual maintenance and occasional special assessment commitment + club fees are a lot even when a timeshare is (near) free.

    Our travel is mostly to Vegas and AC. Two locations with excessive hotel room capacity and a lot of special offers and casino comps.

    8 nights (2X 4 nights) in AC in a flagship hotel on the Boardwalk will set us back $200. Hard to justify a $1100 annual maintenance fee for 14 nights.

    Although it would be really fun to have a timeshare.
     
  24. DannyTS

    DannyTS TUG Member

    Joined:
    Mar 24, 2018
    Messages:
    1,898
    Likes Received:
    647
    Trophy Points:
    173
    Location:
    Canada
    For $1100 maintenance fee (or less) you can get 7000 points if you buy platinum season. You can stretch the points for 6.5 weeks silver season or 4.5 weeks gold season in a studio at Flamingo. I am not sure what hotel, unit size, season you are referring to, the differences can be huge within the same city.

    Las Vegas though is not even the best use of points , from a value standpoint there are other places in the club where you can get the best bang for the buck.

    I like to calculate the cost of our vacations factoring in the maintenance fees and and an amortized initial cost. Most times this cost is 60-70% less of what we would pay online (Expedia etc) for the same resort or something very similar for the exact same dates.



    upload_2018-11-28_23-23-29.png
     
    Last edited: Nov 29, 2018
    Panina likes this.
  25. TravelTime

    TravelTime TUG Member

    Joined:
    Mar 20, 2018
    Messages:
    2,612
    Likes Received:
    1,341
    Trophy Points:
    249
    Location:
    SF BayArea
    Resorts Owned:
    MVC, Westin, Hyatt, DVC, Four Seasons
    I do not think you should buy a time share. It makes no sense for you. It is cheap and easy to rent where you travel most frequently.
     

Share This Page