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(Discount luxury cruises) Timeshare - The Frequently Asked Questions

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By Paul Hata

 Although the concept of timeshares is not new to the public still people have many questions about timeshares. Few of the most important frequently asked questions that people enquire about are discussed below :

Is renting a timeshare better than buying it?

Buying a timeshare gives you much bigger choices. As an owner of the timeshare you get the amenities are better and cost much less. Owners can get discounts on lodging, entertainment, food, travel and many other resort facilities.

The average rental fee is way higher than the average maintenance fee and is also increasing every year. In addition to all the above benefits a timeshare owner has equity in the property which can come to the advantage of the owner when he wants to sell it.

Is buying a timeshare good investment?

Many people get this question in their minds whether to buy timeshares as an investment. The answer can be disappointing to you because it has been seen that the value of the timeshare depreciates with time and they can go do as much as 30%-50% depending on the location and season.

A timeshare should be thought as an investment in life, for guaranteed vacations and better facilities. Also if you compare the cost of owning a timeshare with a hotel in long term period, a timeshare would save you a lot of money.

Can you rent your timeshare to somebody else?

Sure you can as long as you are the legal owner of that timeshare meaning you cannot rent out a timeshare that is received in exchange.

What is the procedure of making an exchange?

Most timeshare companies have business network with timeshare companies and you are automatically enrolled into exchange program and also the fee for the first year is paid by the timeshare developer in most cases.

You can also go to the timeshare exchange company and put your timeshare for exchange. But keep in mind few things like you will get similar kind of unit meaning you can’t expect to get a two bedroom timeshare in exchange of a one bedroom.

Also plan in advance if you plan to exchange timeshare as it may take a while depending on the availability. Also remember there is a fee for exchanging timeshares.

What are fixed week and floating week?

In a fixed week plan you are entitled to use your timeshare only at a specific week each year and specific unit. But in a floating week you have the option of choosing a range of week but only on first come first serve basis as many owners would like to do the same thing.

The advantage of a fixed week is that your timeshare week is assured and also the unit you want. While floating week is advantageous to people who have schedule conflicts with fixed unit timeshare.

Are there any other additional fees when you buy a timeshare?

The answer is yes. Typically there is a maintenance fee and other fee like transfer fee if you are transferring a timeshare. There may be property tax also.

Should I have to pay any upfront fee while buying or selling a timeshare through a broker?The answer is strict no. Experts say never every pay an upfront fee to buy or sell or rent timeshare.

Like any other industry timeshare industry is also prone to many scammers and frauds. There have been instances where people paid huge upfront

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Important Tips For Backpackers Hostel Travelers
By MIKE SELVON

 Traveling in luxury and comfort is great; however, nowadays many people prefer to travel with backpacks. This is not because they love to stay at a local backpackers hostel or make use of shoestring vacation packages. It is because this method gives them an opportunity to enjoy the local flavors that would be impossible to experience while staying in the ivory towers of luxury hotels. While backpacking is amazing in terms of fun and adventure, the fact that you are mostly on your own when you move this way means you need to be highly organized and prepared for all eventualities.

The first thing to do when planning for backpack travel would be to draw up a complete checklist, with regard to what you need to do before you embark on the trip. Booking backpackers hostel accommodations should be done well in advance, since without proper accommodations you would have to stay in cheap hotels, which in most cases, offer poor service.

You should also take out a backpackers insurance policy to cover any eventuality during your travel. While this mode of vacationing is exceptionally enriching and fun, it is also prone to happenings beyond your control. Therefore, you need to be alert and be able to think and act on your feet.

The backpackers hostel option is excellent for many reasons, which includes the ability to cook, inexpensive yet clean and homey accommodations, access to local cuisine, customs and attractions, the opportunity to learn the local language or dialect, and so on. When traveling this way, you need to pay attention to a few things which might seem inconsequential initially, but they can be like an oasis in a desert when needed.

Take a few locks with you since hostels may offer lockers, but no locks. Have a complete first aid box with you and if you are on any type of medication, carry the whole course with you as you might not get access to medical supplies when trekking on foot. Other things that you should not leave without is your laptop backpack, an up to date travel guide, a cell phone and scanned copies of your passport and other travel papers.

Staying at a backpackers hostel is an experience that would teach you a great many things about a destination. If you are adventurous enough to go for this type of traveling, then you would be able to see, enjoy and feel the local culture better than you could ever have done from a luxury vacation package arrangement.

The only thing that would stand between total enjoyment and frustration is proper preparation. As long as you are organized and careful about your personal safety, backpacking is something that would thrill you more than any type of travel.

Mike Selvon’s portal will expand your knowledge on the backpackers hostel. Visit us and leave a comment at our backpacking tours blog where a free gift awaits you.

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Friday, August 22nd, 2008 at 11:30 pm and is filed under travel. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.