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The notion of Timeshare, also referred to as Vacation Ownership or Interval Ownership, was originally created in Europe in the 1960s.

An innovative ski resort developer in the French Alps marketed his resort by encouraging guests to "stop renting a room" and instead "buy the hotel".

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Timeshare Benefits

Imagine the expenses of owning your own vacation property or vacation home. Besides the actual purchase cost, you have other expenses to consider: taxes, maintenance, etc... All for something you might use once or twice a year.

Now imagine purchasing only the time you plan to spend at your vacation home and share the expenses with other owners via a yearly maintenance fee. In a nutshell, that's timeshare.

As a Timeshare / Vacation Owner, you could stay at your home resort and after a week of vacation pay little or nothing at check-out. Your Home Resort may also offer additional free or discounted day-use or weekend getaway benefits.

  • Typical Benefits:
  • Discount Green Fees
  • Children Activities
  • Private Beaches
  • Water Amenities
  • Nightlife / Shows
  • Ski, Golf, Boating, etc.
  • Plus, more than can be listed...

Vacation Around the World

Additionally, most of these resorts are part of a large network of resorts. This allows you to exchange your time for destinations, other than where you actually own your vacation. The cost to make an exchange is comparable one night in a moderately priced hotel. The difference is, an Exchange Network fee would be for your entire stay at a resort!

Resort Condominiums International (RCI) | Interval International

Note: These are some of the larger networks. Find Cheap Vacations is not affiliated with any of the exchange networks listed.


Purchasing and Other Information

The one-time purchase price for ownership can vary greatly (from as little a few thousand to over $45,000) and is based on several factors: The size of the unit, the season or week being purchased, the resort's location, the resort's amenities and so on.

Having said this, the rule-of-thumb is, purchase your ownership for roughly what you would have spent in 10 years renting your vacations.

The logic, of course, is similar to purchasing a house. If you can get a mortgage for approximately what you're spending in rent, then ownership will always make more sense.


Typical Ownership's

Deeded Ownership - May be willed, resold or transferred. Some States only allow deeded programs to be sold.

Membership - Typically, for a predetermined number of years. Some memberships allow for transferors (e.g. left in a will).


Learning More About Timeshare / Vacation Ownership

In the end, there really is only two ways to find out if a Campground Memberships is for you. Either through a friend or relative that is already an owner or attend a resort's presentation and decide for yourself.

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Last Updated September 2, 2008

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