The concept of timeshare ownership sounds alluring at the first glance. Who wouldn’t love to own a part in an exotic property and spend a week there every year? If you are a travel buff, the investment is apparently the best one you can make. But things changed over the years as buyers realized there was much more on scratching the surface. The pandemic has altered the mindset even further. Timeshare is the worst choice, even for travel buffs who love to be on the move. Let us explain why you should ditch this investment or give it up in 2021.
Maintenance costs hurt your finances
Surprisingly, the biggest concern about timeshare ownership is not the initial cost. The big fat maintenance bills you have to bear year after year are more painful than you think. Even worse, they often increase when you least expect them, and you have no option but to pay the fees. It can be the worst thing for your personal finances in the new normal. Money runs tight, and uncertainties loom large, and the last thing you will want is an unwanted annual expense. The more you can save, the better you can deal with the crisis. Giving up on your timeshare is the best choice you can make for correcting your finances in 2021 and beyond.
Travel is different in the new normal
The most evident reason for giving up on timeshare property despite your wanderlust is that travel is different in the new normal. You cannot plan vacations too early, and neither will you want to stick with the same destination year after year. Timeshare ownership forces you to do both, making it the worst thing to own. It makes sense to steer clear of the investment, no matter how incredible the offer sounds. If you already own one, there couldn’t be a better time to get rid of it. Luckily, timeshare exit specialists like wesley financial group make it easy for Americans. They guide you and assist you through the exit process, making it short and easy. But checking the reviews of the exit company is a good idea.
Resale options are discouraging
Timeshare ownership is the worst from the investment perspective, let alone being a bad option for travel enthusiasts. You may want to sell and cash it at some point, but expect unpleasant surprises down the line. Timeshare properties depreciate very fast, and there is seldom a chance to earn profits. The possibility is even bleaker in post-pandemic times. People are no longer willing to buy timeshares, and the demand is likely to take a massive hit in the foreseeable future. The best thing you can do is to get rid of the property sooner rather than later.
Without any doubt, timeshare ownership is the worst option to own, even if you love traveling. The pandemic has made people even more conscious. No one wants to buy them, and those already owning them want to get rid of them at the earliest. Whatever your situation, make the right decision right now!