Westgate Resorts, one of the largest privately-held timeshare companies in the world, offers a variety of vacation ownership opportunities across North America. For those considering investing in a timeshare for future vacations, Westgate Resorts presents an intriguing option. However, evaluating whether it is a good investment requires careful consideration of several factors.
First and foremost, potential investors should understand what they are getting into with a timeshare purchase. Timeshares offer individuals the opportunity to own a share of a vacation property, typically providing access to accommodations for a set period annually. This model can be appealing to those who enjoy returning to familiar destinations and appreciate the predictability it provides.
Westgate Resorts vacation ownership reviews boasts numerous properties in popular tourist locations such as Orlando, Las Vegas, Myrtle Beach, and Park City. These destinations are renowned for their attractions and entertainment options, making them desirable spots for family vacations or romantic getaways. Owning a share at one of these locations could ensure consistent access to sought-after accommodations during peak travel seasons.
One significant advantage of investing in Westgate Resorts is their flexibility through exchange programs. Owners can often trade their allotted time at one location for time at another resort within the network or even outside it through affiliated programs like Interval International or RCI (Resort Condominiums International). This flexibility allows owners to experience different destinations without being tied down to just one spot year after year.
However, potential buyers must weigh these benefits against some inherent drawbacks associated with timeshares. The initial cost can be substantial when compared to traditional hotel stays or rental options—particularly if financed over time—and maintenance fees may increase annually regardless of usage frequency.
