Timeshare Maintenance Fees. Believe me, the last thing you would want is for your timeshare to not be staffed, maintained or repaired! Can you imagine?!
I honestly don't understand when some people say they won't buy timeshare because they think that maintenance fees are a scam.
Well, if the timeshare maintenance fees are exorbitant, then it is a scam. $1000 per year is about average for timeshares. If your maintenance fees vary much ON EITHER SIDE, you need to be concerned.
If your timeshare maintenance fees are too low, unless your timeshare has another source of revenue to staff and maintain your timeshare, you may get a shock when you show up!
Timeshare maintenance fees have to be realistic or something's wrong, and you could have poor management.
If your maintenance fees are too high, then you're getting fleeced by the management company! My Polo Towers' maintenance fee is about $1000 per year. Polo Towers is a five-star resort.
Worldmark maintenance fees are pro-rated with the number of credits you own (see The Best Bottomline), which is great because whomever uses the 60+ resorts the most pays the most in maintenance fees.
For those people who use maintenance fees as a reason to not buy timeshare, you're missing out! Be realistic!
If you own your home, even after you pay off your mortgage, you have a "maintenance fee" every year that includes your property tax, homeowner's insurance, maintenance and repairs.
What would happen to your home if you didn't pay this "fee?" Maintenance fees cover taxes, insurance, front-desk staff, housekeeping staff, maintenance and repairs.
Just follow my Buy Right Rules when it comes to maintenance fees, and you should be just fine.
Once you pay off your timeshare, your maintenance fee is the only ongoing expense you have every year! So I could vacation for two weeks per year for as little as $71.42 per night in a first class resort condominium!
THAT'S why timeshares are the way to go for first class dirt cheap vacations!