Maintenance Fees Same Year Round?

[Nolathyme]

In general , are maintenance fees the same year round at a given timeshare, assuming the same size unit?

Do timeshares at ski resorts charge more for prime weeks than say fall or late spring weeks? If so, are they charging more because it costs more to plow the snow off the walks or because they can?

Do timeshares at beach locations charge more for prime weeks.....


I thought I saw someone mention on tug that a beach resort was letting people pay every other year for maintenance fees but still be able to use one week every year. If this was true , this would really devalue the current owners.

 

[Passepartout]

Since you only pay your MF once a year, how can it be different month-to-month? The MF varies only by size, not season.

As to only paying every other year and having annual use, I'm guessing you recall people who own EOY 2 BR lockoffs who are able to use the one bedroom side one year and the studio the next.

Jim

 

[ampaholic]

In general , are maintenance fees the same year round at a given timeshare, assuming the same size unit?

-snip-

Most timeshare creation agreements are based on the idea of dividing the year into 48 or 50 or 52 weeks (some units reserve 2-4 weeks for maintenance).

With most HOA's the idea is that it costs X to maintain the resort and so each owner of a week should pay 1/50th of X (or 1/48th or 1/52nd) as their "fair" share of that units cost - and the decisions about which weeks are the "better" weeks are left to others such as RCI or II.

That is why the MF for a dead red week are usually the same as a deep blue week.

Of course this helps contribute to the demise of some resorts as the blue week owners are much more likely to "flush" their ownership, since it represents a significantly lesser value than a red week for the same MF.

Until HOA's catch on to this and do something about it - this "flushing" will continue IMHO.

 

[ronparise]

To add to what ampaholic said: When the original developer sold these weeks the more desirable weeks were sold for more than the undesirable ones, which for the original buyers made things somewhat fair.....now ; not so much

also consider this; I own at one resort where the fees are the same for every week and all sized units...a two bedroom red week pays the same mf as a one bedroom blue week

Dosent seem fair, but thats the way it is, and as ampaholic has said unless the HOAs can figure out a way to fix it..this problem alone will bring down more than one resort

 

[Maple_Leaf]

Maybe points is the answer

As a Canadian, I have seen the impact that 8 weeks of good weather has on timesharing. Except for major ski resorts (e.g. Whistler), only weeks 27-34 have much value. It seems to me that a points system that corresponds to this seasonal reality is the most viable timesharing model for these types of resorts.

 

[Gussie]

It depends on the timeshare. We own at 3 different resorts; 2 charge based on unit size only, while the 3rd charges based on unit size and season.

 

[Free2Roam]

Ocean Sands in VA Beach charges by the season. The rest of my fixed/float weeks charge by the unit size.

 

[Nolathyme]

Free,

Ocean Sands is the resort that someone mentioned allowing someone to pay maintenance fees eoy. Here is the thread:

http://www.tugbbs.com/forums/showthread.php?t=115962

Is this something an HOA could do?

 

[Free2Roam]

Free,

Ocean Sands is the resort that someone mentioned allowing someone to pay maintenance fees eoy. Here is the thread:

http://www.tugbbs.com/forums/showthread.php?t=115962

Is this something an HOA could do?

Seems the poster in that thread mis-typed. Since they mention pmt of $242 each yr and MFs = $485...they should've said 1br EOY but MFs every year.

Their best offer was $10k for a 1br every year (but with eoy maint fee) at Ocean Sands. (Yes, we toured Ocean Key, but they offered us a unit at Ocean Sands.) Maint fee was $485, so that turns into $242 each year.