If you like to travel with groups of more than 3 people, a timeshare might be a good option for you. When you buy or rent a timeshare, you’ll have a temporary vacation home big enough to accommodate a whole group. Timeshares are almost always larger than hotel rooms and usually come equipped with private bedrooms and a kitchen. Many think it's simply easier to book a few hotel rooms, and that may be true, but for those looking for a good deal, a timeshare should not be overlooked.
What is a Timeshare?
A timeshare is a vacation property that often looks like a small apartment. These properties have much more space than a standard hotel room has. Most come with at least one private bedroom with its own door that locks and either a queen or a king bed. You can look for those that come with two or three bedrooms too. Some of these bedrooms may have twin beds also. In addition to private bedrooms, most have a sleeper sofa in the living room that can accommodate two people too. You also get your own kitchen that lets you make foods for your group without wasting money on expensive restaurants.
How to Save Money
The easiest way to save money on a timeshare is with a resale. Resales are, as the name implies, timeshares that are available on the secondary market. These properties often come from owners who rent out their vacation homes because they cannot make the trip one year. Renting one lets you see if the timeshare has enough space for your group before you buy. These owners also use the market to sell their timeshares. You can get a great bargain when you buy a timeshare resale from an owner as opposed to making a purchase from a resort.
Places to Visit
When picking a timeshare for your group, think about the destinations that you want to visit. Some prefer staying in the United States and visiting cities that are popular with families like Florida or California. Others find that they prefer adult resorts in Mexico that cater to grown-ups.The good news for timeshare owners is that all timeshares can be exchanged through services like RCI and II, so you’ll never be locked in to just one location.
Timeshares outside of the United States and Mexico can be found in popular tourist destinations such as Phuket, Thailand, Australia’s Gold Coast and even Canada. Some resort developers such as WorldMark by Wyndham allow owners to vacation in all of these destinations without using an exchange service like RCI or II. Instead, WorldMark owners use points to book a timeshare unit in any one of the many resorts in the WorldMark collection.
While you'll likely want to check out the amount of available space and the number of included bedrooms and bathrooms, make sure you consider the resort amenities too. You can rent or buy a timeshare in a resort that offers fun amenities like a heated swimming pool, tennis courts and a kids' club. This is something that sets timeshare apart from a vacation home. If you were to buy a vacation home instead of a timeshare for your group travels, you likely wouldn’t have as many amenities available to entertain guests.
This article is a contribution from one of our contributing writers.
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