A timeshare is a way for multiple unrelated owners to own a fractional share of a vacation property, which they take turns using. They share costs, which can make timeshares far cheaper than buying a vacation home of one’s own.

How Do Timeshares Work?

Timeshares usually fall into two broad categories: deeded or non-deeded. With a deeded ownership structure, each owner owns a piece of the property, which is tied to the amount of time they can spend there. Non-deeded timeshares work on a leasing system, where the developer remains the owner of the property.

Are Timeshares a Good Investment?

Getting out of a timeshare can be difficult. Selling sometimes involves a financial loss, which means they are not necessarily a good investment. However, if you purchase a timeshare in a place that your family will want to return to for a long time—and can easily get to—you may end up spending less than you would if you were to purchase a vacation home.

Can I rent my timeshare to someone else?

Whether or not you can rent your timeshare out to others will depend on your timeshare agreement. But in many cases your timeshare resort will allow you to rent out your allotted time at the property.

Can I sell my timeshare?

Your timeshare agreement will give you details about when and how you can sell your timeshare. In most cases, you should be able to sell, but it may be hard to do so, and you may take a financial loss.

Can I transfer ownership of my timeshare or leave it to my heirs?

You can leave ownership of a timeshare to your heirs when you die and even transfer ownership as a gift while you’re living. Once again, refer to your timeshare agreement for rules about what is possible and how to carry out a transfer.

3 Types of Credit

How Timeshare Financing Works for Vacation Property

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Many of us would love to own a vacation home, but the added expense is not always doable. Because we can’t all own multiple properties, vacation timeshares continue to be a popular choice for solo travelers, couples, and families who want more space, amenities, and “a place to call home” at their locale of choice. […]

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An index fund is a type of mutual fund or exchange-traded fund that aims to track the performance of a specific stock index. A Roth IRA is a type of tax-advantaged investment account. Index funds are one type of investment you could hold inside a retirement plan like a Roth IRA. Here’s a closer look […]

“3 Types of Credit”

How Timeshare Financing Works for Vacation Property

11 Ways to Make Money While You Drive

Roth IRA vs. Savings Account

12 High Income Skills to Learn

Investing in Index Funds in a Roth IRA

Student Loan Refinancing

Personal Loans

Online Investments

Other

Student Loan
Refinancing

Personal
Loans

Online
Investments