Have you been thinking about purchasing a Mexican timeshare, but before you make the purchase you would like to know what the advantages and disadvantages are with timeshares? As with any major purchase there are pros and cons, and a Mexican timeshare is no different. It is a wise decision to always weigh all of the pros and cons when you are about to make a big financial purchase. Continue to read below if you would like to know more about timeshare purchase benefits. After you read the pros and cons with timeshares including timeshare purchase benefits, then you can decide if you would like to invest in a Mexican timeshare.
Purchase a Mexican Timeshare
Purchasing a Mexican timeshare is a great financial decision if you plan on vacationing at the timeshare one or two weeks each year. If you purchase a stand-alone vacation property in Mexico, then you will want to spend more than a few weeks there to get your money’s worth out of it. When you purchase a stand-alone vacation property in Mexico you will be responsible to pay for all of the maintenance and upkeep year-round, but with a Mexican timeshare you only pay for the time that you actually spend at the timeshare and all of the maintenance fees will be divided amongst each timeshare owner. This makes all of the maintenance and upkeep of a timeshare much more affordable.
Plan Ahead for Vacations
You will have a guaranteed vacation destination when you own a Mexican timeshare, which is another plus. Sometimes we let hectic daily life get to us and we even let it take precedence over our vacation time, but when you plan ahead for all of your vacations in Mexico you will enjoy, relax, and have quality time with your family. Another plus with purchasing a Mexican timeshare is you could also enjoy your vacations at other top resorts in Mexico if your timeshare is with a timeshare group such as the Villa Group Timeshare Resorts. The Villa Group provides resorts in Puerto Vallarta, Riviera Nayarit, Cabo San Lucas, Loreto, and Cancun. You will be able to have great vacations at top vacation destinations where you can enjoy the beautiful beaches, too.
Share Quality Time with Family and Friends
Do you want to share your Mexican timeshare with your family and friends? Each timeshare company has their own rules and regulations, so you will want to check with your provider to see if you can share your timeshare with others. You may also be able to rent out your vacation week if you are unable to use your timeshare for that week. This will give you a little extra money too, but you will need to check with your timeshare company to see if you are able to do this.
Timeshare Drawbacks: What to Know
There are a few cons to purchasing a Mexican timeshare, and you should consider these cons. You may have annual increases for the maintenance fees that you are obligated to pay. The maintenance fees are very reasonable and they have to be paid even if you don’t use the property. If you decide that you want to sell your timeshare down the road, then another con is the timeshare may be sold at a reduced price due to the new timeshare units that are being sold. If you do sell your timeshare and you do lose money, be aware that you will not be able to claim a capital loss on your taxes. The IRS doesn’t allow this with a timeshare like they do with a stand-alone real estate property. However, when you weigh out all the benefits and drawbacks to owning a Mexican timeshare, it is clear that there are more advantages than disadvantages.
There are pros and cons to owning and purchasing a Mexican timeshare. You have just read some of the timeshare purchase benefits.