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Are Your Timeshare Deals Going To Change In 2020?

December 9, 2019 – by Primo Management Group

2020 is a year of change and hope for many people but for timeshare owners, the change may not be a good thing. Areas that are very popular for timeshares are seeing an increase in property tax and insurance costs. Why? Part of it has to do with the cost of living while a big part of it has to do with the fact that you have so many people coming in and out of these units throughout the year. So, as you start the new year you are also going to see prices go up for these units, especially if you own multiple time slots throughout the year.

This is where timeshare owners often get tricked when they sign the agreement. They understand that they are renting the property at a set rate. However, what surprises them is when they find out that the costs of maintaining the property. The landscaping, repair work, taxes and insurance all go up in costs and if you think that the property owners themselves are going to pay for that, then you didn’t read the fine print. Consider it this way, you have all the financial responsibilities of a property owner but none of the benefits.

Another thing to keep in mind is now that more people are renting out their time slots or the properties are giving those times away for cheaper prices to encourage more signups, you are not sharing your unit with people who are less invested into the property as you are. Why is that important to you and your timeshare? Because they probably are less likely to commit to making sure that you get the unit back in the same condition it was when they arrived. That’s something else you need to think about because that costs you more money as well.

We all know that there are some timeshare companies that actually do right by their clients. That’s why it’s a multi-billion-dollar industry. However, there are also plenty of examples of companies who have taken more from their clients than they originally led on when the agreement was signed. If you feel that you are not being treated fairly by your timeshare company, we can help you get out of the agreement.


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