- Nov 14, 2006
- Reaction score
- South Florida
- Resorts Owned
DVC- SSR, Poly,
Wyndham Las Cascadas
HGVC Tuscany Village
Bluegreen CMV UDI
RCI pts at VVParkway
Enchanted Isle resort.
I'm new to time sharing and my wife and I sat through our first presentation about a month ago. I've been looking around this board off and on since then. Ok, If you buy there will always be the annual MF. Are the MFs that much lower than what you can rent a week for to make a purchase worth it? Am I missing something?
The developer made it sound like a no brainier: Buy! He actually called it a 401V(btw, there is no such section in the code) and a way to lock in our future vacation costs.
Any thoughts/insights would be appreciated. Thanks!
If you are not totally convinced that TSing is for you then you might want to consider purchasing a biennial unit. Since you are wanting to go to Hawaii in off season you should be able to find something biennial.
IMO owning a biennial is a low committment way to get into the game at a low cost. Buying something that is versatile is even better. For you possibly something like a Hilton affiliate where you would have access to HGVC points in the club, RCI points and RCI weeks without having to pay for an additional RCI account and possibly access to II's inventory if you decided you wanted to pay for an account. There are also free exchange companies that you can join that would be happy to take your week for exchange or you could just rent from them without ever giving them an exchange week. Some of those would be SFX, DAE, TPI and Platinum Interchange.
You might also consider Wyndham points, Bluegreen points or Worldmark points with a bienial ownership that would get you the same type of set up.
I own my two fixed weeks at the beach in the summer in a resort that is smack dab on the sand in Florida at a time when I want to go. I like the idea of my little place in the sun that I can return to year after year. So far 11 years of ownership and I'm still not tired of the place. I bought it when the MF's were only $400 for a 2 bedroom, 2-1/2 bath unit. It was actually higher than renting at the time but knowing I had it reserved was worth it to me.
Today the MF's are a little over $450 and we've never had an assessment. If I try to rent a comparable unit today it will cost me at least $150-$170 a night. I paid very little for these units on the resale market. I had considered buying a second home but realistically I would only use it a few weeks a year anyway so this was a perfect solution. The resort came with owners day use if I want to come and spend the day on the beach. I'd get free parking, use of the BBQ's, free beach chairs, free wi-fi and a pool to cool off with at the end of the day. Sure can't beat that.
Since this first purchase on the beach, I discovered TUG and the rest is history. I became hooked and love the thrill of the deal. If you don't have the time to commit to this TS hobby then it's probably best that you buy into one system that meets most of your needs and just learn to maximize it and stick to that.
Just let me warn you that hanging around here could infect you with the TS bug.