Services

Why

Resort Living LLC SC

Vacation ownership is a concept that originated in the French Alps in the 1960s. Now, 40 years later, it is firmly positioned as one of the most popular vacation options enjoyed by today’s leisure travelers. Consumers are embracing timesharing, making it one of the fastest-growing sectors of the worldwide hospitality industry.

Head Office

900 E North St, Greenville, SC 29601, Suite 204

In fact, vacation ownership has enjoyed a double-digit annual growth rate over the past two decades. Why? Millions of owners have found timeshare’s spacious floor plans and home-like amenities very attractive when compared with traditional hospitality products. Truly a home away from home, vacation ownership provides the space and flexibility needed to easily accommodate families and larger traveling parties. While most vacation ownership condominiums have two bedrooms and two baths, unit sizes range from studios to three or more bedrooms.

Most units include a fully equipped kitchen with dining area, washer and dryer, stereo, televisions, VCRs and more. Timeshare resort amenities rival those of other top-rated resort properties and may include planned children’s activities, swimming pools, tennis, Jacuzzi, golf and bicycles as well as spa and exercise facilities.

Others feature boating, skiing, restaurants and equestrian facilities on-site or nearby. With vacation ownership, consumers have the opportunity to purchase time at quality resorts offering an array of amenities in popular international destinations. In fact, there are now more than 5,400 resorts in some 100 countries around the world and annual vacation ownership sales are estimated to be in excess of $9.4 billion. Today, 3 million people own 4.9 million weeks at nearly 1,600 resorts in the Continental U.S. alone.

Is timeshare financially practical?

Timeshare offers you a lifetime of luxury vacations, at a price you lock in today. Most people discover that after just a few years of ownership, they have more than recovered their costs. After that, outside of a nominal maintenance fee, your vacation property is paid for and waiting for you with no additional costs!

How does exchanging work?

There are several timeshare exchange companies, the largest and most common being RCI (Resort Condominiums International) and I.I. (Interval International). These two giants of the industry are affiliated with over 5,000 resorts in nearly 100 countries worldwide, giving owners the flexibility to travel almost anywhere with their timeshare. The concept is simple. Exchanging means you trade your week for another owner’s week at another resort. Does that mean you have to find and arrange for an exchange partner? No. That’s where your exchange company comes in. For a nominal fee, your week goes into a common pool, or “space bank”. You simply make your request, and pack your bags.

Difference between deeded, leased and licensed timeshare:

Most timeshares are either deeded or leased for a specific number of years (often referred to as “right-to-use”). A deeded timeshare is like any other real estate purchase, in that you own the timeshare outright forever. A leased timeshare or RTU gives you the exclusive right to a specific week at the property for a specific number of years, typically ranging from 20 to 99 years. When the lease matures, the RTU terminates and normally returns to the selling resort. In most cases, both types of timeshare can be sold, rented, or willed to heirs. The other, less common form of timeshare, is licensing. This arrangement normally involves membership in a vacation club, giving members in good standing the right to use the club and all its amenities.

Fixed week:

A fixed week is a specific week during the calendar year, usually identified by a number, starting with the first week of the calendar year, and continuing through the end of December. Most fixed weeks begin on a Friday, Saturday or Sunday. Owning a fixed week gives you use of the unit for that specific week annually as long as you own the program.

Float week:

A float week simply means you are not locked into a particular week in the calendar year. This week can be used anytime during the year, based on the resort’s availability.

Red, White and Blue, Yellow and Green weeks:

Some weeks at given resorts are more desirable than others, usually based on weather and season. The colors coding simply assigns a desirability rating. Red is considered peak season, and the most desirable time of year to own. White and Blue or Green and Yellow refer to the “shoulder season” weeks, and are often cheaper than Red weeks. The parameters of those seasons are set on resort-by-resort basis.

Lock off:

Some timeshare units offer the flexibility to “lock off” an often-smaller secondary living space, with two separate entrances. That unit can then be exchanged or used separately.

Points:

The point system is a relatively new form of timeshare ownership, and one that is rapidly growing. This system allows the owner to purchase points to be used for travel, accommodations and car rental. The more points purchased, the more flexible the program.

Biennial timeshare:

Biennial (sometimes referred to as bi-annual) simply means you own your week every second year, either odd or even years.

Maintenance Fee:

Timesharing is really cost sharing. Owners share the costs of upkeep of their unit, as well as the common grounds of the resort property. Maintenance fees typically range from $300 to $800 (USD) annually. If you own a Biennial program, that fee is paid every second year.