Is it a wise purchase. Lets start with the cons: timeshares can be difficult to unload. And the annual maintenance fee. Is the ongoing cost. This cost is passed to your children. So besides the timeshare they will also inherit this fee. And for those companies that say they will sell your timeshare. Well, please do your due diligence. Even my father was taken by one of those road show, and with that being said, this also pertain to vacation clubs, which in most states are not regulated like timeshare industry here in the United States.
Now who doesn't like to vacation. If fact we could all do with a little bit more Rand R. So now the pro's: Timeshares are financially attractive for several reasons. Instead of owning a condominium and living in it for vacation purposes only two weeks out of the year, the program allows you to pay only for what you use. Sounds good right. At the same time, many believe you get your money's worth simply because you don't have to deal with upkeep (annual fees take care of that) or worry about a property's security amid the 50 weeks you're in the city working. Yes also good, bottom line if it works for you and your family go for it but go with both eyes open.