SSaha
newbie
- Joined
- Oct 6, 2021
- Messages
- 5
- Reaction score
- 4
- Points
- 3
- Resorts Owned
- Woodstone Luxury - Massanutten Resorts
Hi
I am a first time timeshare owner and today I nervously signed on the dotted line to ‘own’ Woodstone Luxury (week 1) at Massanutten.
I am not entirely interested in coming to Massanutten again, but am owning this mostly for the points which I would like to use at other locations through RCI. I usually end up spending on 2 one-week long vacations every year and wanted to stay at better places for the Exchange Rates all over the world.
Is this a good deal? I am confused.
What I am paying:
2 bedroom timeshare condo price - $10,990 (this was owned by someone else who can’t pay anymore and we will begin ownership in 2023).
Plus maintenance fees of $487 per year (I was told this is the lowest in the timeshare world and i)
Plus RCI annual fees of $124 per year
What I am getting:
Week 1 stay at my condo (which I don’t really intend to use)
35,000 - 37,000 RCI points per year if I don’t use my condo
1 bonus week per year (starting this year and will rollover. So in 2022 I have 2 bonus weeks) which can be used by paying $249 for 7 night stay.
RCI points to be utilized by paying exchange rates from $59 (1 night) to $288 (14 nights or more).
Is this fair? Should I run and cancel or stay on?!
thanks!!
I am a first time timeshare owner and today I nervously signed on the dotted line to ‘own’ Woodstone Luxury (week 1) at Massanutten.
I am not entirely interested in coming to Massanutten again, but am owning this mostly for the points which I would like to use at other locations through RCI. I usually end up spending on 2 one-week long vacations every year and wanted to stay at better places for the Exchange Rates all over the world.
Is this a good deal? I am confused.
What I am paying:
2 bedroom timeshare condo price - $10,990 (this was owned by someone else who can’t pay anymore and we will begin ownership in 2023).
Plus maintenance fees of $487 per year (I was told this is the lowest in the timeshare world and i)
Plus RCI annual fees of $124 per year
What I am getting:
Week 1 stay at my condo (which I don’t really intend to use)
35,000 - 37,000 RCI points per year if I don’t use my condo
1 bonus week per year (starting this year and will rollover. So in 2022 I have 2 bonus weeks) which can be used by paying $249 for 7 night stay.
RCI points to be utilized by paying exchange rates from $59 (1 night) to $288 (14 nights or more).
Is this fair? Should I run and cancel or stay on?!
thanks!!