In recent years, timesharing (also known as vacation ownership) has become one of the most popular ways to take a holiday. Because ultimately, there are a huge amount of perks.
Families enjoy properties with fully equipped kitchens and spacious designs, mature couples find them convenient because of the ability to plan ahead, and sophisticated and frugal travelers have realized that this is a cost effective way to vacation in luxury.
Timeshares only cost a fraction of what a vacation home or condo would cost outright, and the maintenance fees and incidental expenses are divided among multiple owners. Your accommodations are prepaid, so inflation doesn’t affect your ability to travel, meaning room rates usually linger at 60-70% less than similar accommodation.
For many intrepid travelers, a definite downside of investing in a timeshare is being locked to vacation in the same place every year, or, in the instance of a Points-based ownership (more about that below), locked to large resorts, and a specific set of destinations.
But the good news is that it doesn’t have to be that black and white. For those wanting to take advantage of the perks of timeshare accommodation without the long term commitment, timeshare rental sites provide a fantastic solution.
How Timeshare Rentals Can Make Your Next Vacation Substantially Cheaper
The Types of Timeshares
For anyone wondering how timeshares work, there are three different types. The first is a traditional timeshare ownership where a person purchases an interval of time at a single resort. Ownership is usually tied to a particular unit or unit type (one, two, three bedroom) and falls within a set week or within a season (a specific time of year or range of weeks when the owner can use his/her timeshare). Timeshare rentals last minute. Last minute timeshare.
Fractional ownership is where you buy a much larger period of the year, to use at a property which is more luxurious than a traditional timeshare. For instance the Ritz-Carlton offers fractional ownerships.
Points-based ownership (also often called vacation club memberships) is a system where owners are allotted a specific number of points per year which can then be exchanged for accommodations at a variety of in-network resorts. Points function much like traditional timeshares in that they are often tied to a specific usage season, however they offer the added flexibility of being able to book shorter stays in larger units (or vice versa). What is a timeshare?
Rent a Timeshare
Those who purchase a timeshare are making a long term commitment, though the reality is that some years they’re not going to be able to vacation. They’re still paying yearly maintenance fees whether they take their vacation or not, so the best way to recoup these costs is to rent. Enter timeshare vacation rental sites.
You can book timeshare rentals just like you would with hotels on sites like Expedia or Orbitz. Sites like SellMyTimeshareNOW.com are a great way to connect with timeshare owners looking to rent, and with owners in more than 217 countries, there’s no shortage of choice when it comes to destination.
And timeshare rentals offer amenities which are usually over and above what you would get from a stanhdard hotel room; think multiple bedrooms, living rooms, and kitchens, plus perks like hot tubs, private balconies, and designer furnishings, and resort amenities like swimming pools, health spas, and on-site restaurants.
Top TimeShare Rental Brands
A quick scroll through the last minute timeshares rentals page on SellMyTimeshareNow.com reveals some mind blowing deals on vacation rental accommodations from some of the world’s top brands.
There are rentals for Disney Vacation Club, Marriott, Starwood, Hyatt, Holiday Inn Club, and the Ritz Carlton, literally at a fraction of the price you would otherwise pay.
A last minute deal for a 2 bedroom apartment at Marriott’s Aruba Surf Club, for instance, is currently on offer for $286 a night. Booking on the Marriott website directly, these same rooms are going for at least $843 a night.
$286 on SellMyTimeshareNow.com
vs $843 on Marriott Direct
The Reason Time Share Rentals are Cheaper
The reason you can find amazing deals on timeshare rental sites, deals that often dramatically undercut the “best advertised rate” you’ll find elsewhere on the web, is because the inventory of timeshares for rent come from individual timeshare owners.
Individuals aren’t bound by any kind of agreements or contracts on nightly rates. They’re just looking to recoup the costs for their share of the timeshare that year so they don’t lose out. Are timeshares cheaper than hotels?
So before you jump online to book a hotel for your next trip, consider whether a timeshare rental will make your vacation substantially cheaper for you.
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It’s incredible how much you can save by booking with a timeshare company instead of through the hotel directly.Thanks for letting more people know about this great way to save money while traveling!
Absolutely – I had no idea until recently, but it makes total sense, and a really fab hack!!
We’ve thought a lot about purchasing another home with friends of ours. That kind of fractional ownership has tons of appeal for us. Cool article!
Nice one Jim! Fractional ownership definitely has it’s perks, and it’s a great way to save on vacation costs in the long run :)
Very informative article. I usually AirBnB because I always thought that timeshares were always out of reach. Thanks, I’ll be saving it to reference.
Thanks Angela – glad we could set you up with another accommodation option to consider :)
Fractional ownership makes a lot of sene for peopel who like to return to the same place repeatedly for vacation. :)
Absolutely – and there are quite a lot of people who do enjoy that. If you find a good thing, stick with it right!!
Fantastic tips! The more we save, the more we can travel! thanks!
Thanks Jessie! Absolutely – the more money saved on expenses like accommodation means the more you can get out of every vacation!
Happy travels :)
Thank you for explaining more about this. In Southern Europe it’s pretty common to have a time-share and when we’d travel there as a family, they would always approach my parents who would run away, because time-sharing has a negative image here. Now that I’m older, it doesn’t necessarily have to be a bad thing anymore :-)
You’re welcome Anto – I’m glad we could explain about timeshares in more detail for you. Had no idea they had a negative image in Southern Europe – why is that?
It’s interesting how complex of a business time shares can be. Renting out a time share is a great idea for those who own timeshares and for those who are looking to utilize them on a short-term basis. Thanks!
Renting is a great way to take advantage of the benefits of timeshares without needing to deal with the complexities of owning too :)
Not only is it cheaper to rent one but if you buy a resale it’s even less expensive! I bought mine for $207 on eBay about nine years ago – you can get one for even less today. In some cases completely free. I am in a group where people give them away daily. The key is to get one that is converted to use anywhere (points) and super low maintenance fees. It’s a standard part of my travel strategy and we use it at least twice a year. Nikki
Thanks for the tips Nikki, which Facebook groups are you in? I’ll have to check those out!
I am so thankful to find this article & read your comments! Since becoming a single mom I am looking for creative ways to travel with my kids & would love to hear how this is possible or if this is still current?!
Thank you for the information! It’s priceless to me!
Hi Natasha, so glad the article has been helpful for you :)
The advice in our article is still current – for further resources on timeshares, and to get info on costing for buying vs renting, check out https://www.sellmytimesharenow.com/resources/timeshare/ :)
Thanks for the tips. Travelling is always joyful and mind-refreshing If we save money on Accommodation we can utilise that on travelling more and more. Great Article.
You’re welcome John, absolutely, accommodation is usually your biggest travel cost, so if you can cut back here, you can invariably travel longer :)
Thanks for reading, and happy travels!