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Timeshare Maintenance Fees: The Real Cost Of Ownership

June 27, 2017 – by Primo Management Group

There are different types of cost included in owning a timeshare. Are you watching your maintenance fees? If not, here’s what you need to know.

A timeshare can give you the freedom of a vacation without the full commitment of purchasing a home away from home.

However, a timeshare can be a costly option for you, especially if you are unprepared.

Timeshares come with maintenance fees that are used for upkeep of your timeshare unit. The fees are also used for upkeep and general management of the timeshare’s resort. This is a vague and real maintenance fees may entail more than you imagined.

It is important to understand these fees, what they are, what they mean for your ownership. You also need to know what to do if the fees you are charged need disputing.

This simple guide will help you  understand your timeshare  maintenance fees and the real cost of ownership.

Timeshare Maintenance Fees: What Are They?

The fees that come with your timeshare can vary depending on the resort that you use. However, there are basic maintenance fees you can expect, no matter the company.

Here is what you may be paying for:

Upkeep

Your timeshare will need upkeep during the off season or when it isn’t in use. This may include minor repairs, cleaning and even exterminating services. Your fees cover this upkeep year-round.

Landscaping

Fees will cover landscaping year round for upkeep of the property. This includes mowing the lawn, pruning the plants or watering of the grounds on site.

Utilities

Just because you are not using your timeshare at all times, the utilities will still need to be paid to some extent. Your fees will cover the utilities for your timeshare when not in use.

Upgrades

Some of your maintenance fees may be kept in a separate account for upgrades to your timeshare.

This may include furniture, utility upgrades, and other building upgrades. This is kept separate to ensure you are prepared to meet this necessity with the funds available.

There may be other timeshare maintenance fees associated with your timeshare as set by your timeshare company or resort.

It is important to check with your timeshare to see what they are charging and how much they are charging you. You can ask for an itemized statement as well when your maintenance fees are due. You should keep these for your records to watch for increases and decreases.

How Much Can Maintenance Fees Be?

If you are currently an owner of a timeshare, you should already be aware of the maintenance fees you are being charged.

However, you may not understand that these can increase and decrease over time. If you are looking into purchasing, timeshare maintenance fees depend on a few factors.

Included Amenities

Amenities differ between timeshares. If you have purchased a timeshare with fewer amenities, your maintenance fees may be less. If you have purchased a high-end timeshare with many amenities, it will be the opposite.

Location

The location of your timeshare has a huge impact on your maintenance fees. Is your timeshare located on a huge lot with a large yard? Or, perhaps your timeshare is located in a luxurious part of town. Your maintenance fees will reflect the location you are in.

Type

Do you own a timeshare condo? Or do you own a timeshare located within a resort hotel? The type of your timeshare will have a direct impact on your fees.

With all of this in mind, the  cost of your maintenance fees  can run from a few hundred up to thousands. It depends on what type of timeshare you own. It is best to check with your current timeshare or potential timeshare to get a list of your maintenance fees.

Even with a timeshare with seemingly low fees, these fees can increase over time. Contrary to popular belief, maintenance fees are not “locked in” or kept the same over time.

Your timeshare resort or company may choose to have a cap on the fees or may not, depending on their needs and type or resort. Most resorts do not have a cap on the amount that the fees can increase over time.

Protect Yourself

As a timeshare owner, you must protect yourself from a potentially dangerous situation when it comes to maintenance fees.

If you have received a bill for maintenance fees that you do not understand or may seem a bit “off” you should look into the fees.

You can always ask your timeshare resort or company for a detailed summary of your fees and what type of increase you can expect. It is your right to know how these fees are billed and why.

If you wish to dispute your fees, you can follow these steps:

1) Ask for a written or printed ledger of the fees and what they are associated with.

This includes all fees you will be paying throughout the year. You can submit a letter to your resort to have the proof for you to keep.

2) Remind your resort that you have the right to ask for this information if trouble should arise.

3) If the information is not given or refused, you can take legal action against your resort.

There are ways to  cancel your timeshare  if the need should arise. You may wish to cancel due to high fees that you cannot pay, or a resort that refuses to give you information about your fees. Whatever the case, legal action is available to you.

A timeshare can be a good investment for someone who is prepared for the fees that can be accrued over time. It is important to understand the fees before you purchase and during and know exactly what you are paying for each year.

It is important to remember that fees can increase each year, depending on the type, location, and upkeep of the property that you own.

You should also know  how to dispute timeshare  maintenance fees if the need should arise.

PMG can help you take action if you wish to cancel your timeshare or get answers regarding fees. PMG can also help you become aware of the real cost of ownership before purchasing and the cost of the timeshare ownership.

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Get A Free Consultation

Relieve Yourself of the Unwanted Timeshare Burden

Your information is 100% secure and encrypted. We will never sell or share your information with anyone.

Frequently Asked Questions ?

How does PMG get me out of my timeshare contract?

PMG is not a resale, transfer, or donation company. We are consumer advocates—we help to negotiate the release of your timeshare contract obligation. We do not buy, sell, or rent your timeshare. Simply put, we help you to get out of your timeshare contract forever.

How long does the process usually take?

Usually less than 12 months, but it all depends on your situation. If your timeshare is free and clear with no mortgage, then the process may only take 3-9 months.

Speak to your advisor about the time, and what delays the resorts have put into place to prevent timeshare owners from departing their ownership. If you have a mortgage or past due maintenance fee, the process takes more time.

How much is my timeshare worth?

This is probably going to hurt, but whether you paid $5,000 or $50,000 for your timeshare, the IRS values all timeshares as worthless investments. In addition, that timeshare would have negative value due to the annual maintenance fee bill which compounds year after year. That is until PMG helps you cancel your timeshare.

Can I use your service if I still have a balance owed on my mortgage?

Yes. Whether you bought your timeshare 20 days ago or 20 years ago, PMG has a solution for you and is here to help.

Will my name be off the timeshare?

Yes! Permanently! GUARANTEED!

In addition to getting me out of my timeshare, can you recover the money I’ve already spent on mortgage payments and maintenance fees?

While we are able to recover money in rare cases, beware of any timeshare cancellation company that entices you with the promise of fund recovery. The truth is, timeshares are loath to give back the money they’ve already taken.

Are your consumer advocates really “consumer advocates”, or is that just a fancy word for salesperson?

Because most of our clients have had their trust betrayed by timeshare salespeople, we understand how some consumers can become a bit jaded. When you call us for a consultation, that’s exactly what you get, a consultation. At PMG, our job is not to sell you; our job is to help you get out of your timeshare. Which is why we have numerous 5-star reviews and an “A” (excellent) rating from the BCA.

Why should I choose PMG to get me out of my timeshare?

We pride ourselves on providing our customers with the best customer service in the industry. When you contact our company, you speak to a live person, not an automated system or voicemail. We go above and beyond for our customers by helping you to protect your credit and even repair your credit if needed. We offer a 100% money back guarantee, and we can provide documented proof of our success in helping customers just like you.

What happens after I sign up with you? Will I be apprised of your progress?

At PMG, we pride ourselves on our hands-on, boutique-style customer service, so every new client is assigned a case manager whose job is to keep you in the loop throughout the entire cancellation process. Your case manager is always just a phone call away.

How much is your fee?

Not all timeshare experiences are created equal. Some are more complicated than others, and every situation is different. That’s why our trained timeshare elimination consultants will ask you a series of questions designed to determine exactly what needs to be done to terminate your timeshare, how long it will take, and how they can best advocate for you. We will always seek the most cost-effective route for you.

What if I still have more questions?

Canceling a timeshare contract is not a cookie cutter process. With each situation being unique, once you complete the form below an experienced consumer advocate will call you today to discuss your options.