For a while many were not interested in purchasing a timeshare property as a result of some unscrupulous sellers. However in recent years things have changed and there are numerous companies such as Club la Costa who offer such properties but make sure that their clients' needs are uppermost at all times.
In this article we are going to explain a bit more about how timeshare works and the kinds of options you have when it comes to purchasing of such a holiday property.
The best way to describe timeshare is that you buy accommodation in a certain place for a set time of the year for a period of years. But how long the term is for will of course depend on the timeshare company that you purchase yours through.
When it comes to Club la Costa they have a number of different options that allow you to purchase properties through them. The purchasing options that this company offer are as follows:
Option 1 - Whole Ownership
With this you have the opportunity to use the property as and when you want because it is yours completely. Also if at any stage you feel that you would like to permanent residence in the property you have the right to do so.
Option 2 - Shared Revenue Ownership
With this particular option only part own this property along with Club la Costa. However if the property should be rented out any stage and once all management and maintenance fees have been paid then any income earned from it is shared between you and the company.
Option 3 – Buy to Let
When it comes to this option you as the owner of the property will be provided with a rental return on it over a period of between 2 and 10 years. How long this period is actually for will depend on which of Club la Costa's developments you choose to purchase a timeshare in. With this particular package you also have the right to use the property for 2 weeks or more personally.
Certainly if you would like to be someone who has a holiday home that you can use without having to spend vast sums on the purchase and maintenance then investing in a timeshare property is something you should seriously be considering.