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Types of Timeshare Ownership
While you may think of timeshare ownership as being a set week at a set resort, there are now multiple different types of timeshares available. Fixed weeks, floating weeks, fractional ownership, and points-based timeshares are all different types of timeshare ownership. With such a variety of options, you can choose what type best fits your needs and travel more flexibly.
Different Types of Timeshares
When considering the types of timeshare options, you will want to consider how you like to vacation—both currently and long-term. Different types of timeshare ownership offer different kinds of perks and benefits, depending on your vacationing needs. With both deeded and right to use contracts, there are a number of types of timeshare ownership you may encounter. For assistance in determining the best timeshare ownership for you, complete the form on the right side of this page.
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Fixed Week
Fixed week timeshares were the most common form of timeshare ownership prior to the start of the 21st century. Almost always deeded, in this model you own the same week every year at a specific “home” resort. Timeshare weeks make it easy for vacationers to secure their travel week of choice, or you could purchase a week within a timeshare season, which is known as a floating week.
Floating Week
Floating week timeshares can be deeded or right to use. In this system, you own usage rights to a week—often still at a “home” resort—within a specific season of the year. Seasons are predefined as ranges of weeks (for instance, weeks 17-24) and vary from resort to resort. With a floating week, you contact your resort every year to secure any available week within your season, allowing for more flexible travel dates. With some ownerships, you may have a floating week during all weeks of the year (1-52) or you may have a floating week that can be redeemed at multiple resorts rather than just your “home” resort.
Fractionals
Fractional timeshares are similar to fixed week timeshares, except that the usage rights of each owner are typically for larger blocks of time such as four to twelve weeks per year. Fractionals are also typically very high-end and, in some cases, may be standalone homes or condos rather than resort suites.
Points
Timeshare points are a newer form of vacation ownership that were created in response to owners’ desire for more flexibility when booking vacations. Typically, an owner purchases an allotment of points within a vacation club membership (which is essentially a network of affiliated resorts). Points are a type of “vacation currency” which can then be used to book stays at any resort within the vacation club. Unit sizes and dates at each resort within the network are assigned a points value based on demand, giving owners the flexibility to book multiple shorter trips or a single longer stay, as well as choose a smaller or larger unit size based on their needs that year. Points-based timeshare ownerships also often offer the flexibility to roll over all or a portion of your unused points to the next calendar year.
Which Types of Timeshare Ownership is Best?
As you may have guessed, this is a question without a subjective answer. There are different types of timeshare ownership to choose from because there are all different types of timeshare owners. Vacation ownership has evolved over the years to meet the needs and demands of today’s traveler, while also still offering many traditional timeshare ownership options. This way, anyone who wants to invest in a lifetime of luxurious vacation experiences, can do so with a timeshare.
Get started today by browsing all of our timeshares for sale, and use the convenient filters to narrow down by the types of timeshare you are interested in. For further assistance, call us directly at 1 (469) 663 4706.
Copyright 2017 © Michael Morgan and Associates – All Rights Reserved. This website, or any portion of content contained therein, may not be reproduced or used in any manner whatsoever without the express written permission of the Michael Morgan and Associates. Disclaimers: A number of references are made in this website to specific timeshare developers. All such references in context constitute our opinion with respect to the merits of a particular product or service offered by the developer so referenced. Previous success in a given case or cases does not guarantee favorable results in any other case or cases. This information is for guidance only. Nothing within this website constitutes legal advice.