Orlando Timeshare vs. Condo Ownership
– Which is right for you?
One of our new pages looks at the differences between Timeshare, fractional and regular condo ownership. The choice can be a difficult choice, especially for foreign buyers struggling to understand the U.S. real estate system. These are two very different real estate options with different legal definitions.
The truth is, there are pros and cons to each of these options and which one suits you best will depends on your individual circumstances. As an independent real estate brokerage and it makes no difference to us whether itâ€™s the timeshare route, or the full home ownership route you prefer. We’ll try and help you learn about your various choices so you can make the best decision for you and your family.
Here are some very basic differences between an Orlando Timeshare and an Orlando condo or villa.
|Â||Time share||Full ownership|
|What you own||Time||Bricks and mortar|
|Usual time use:||1-2 weeks a year||1-52 weeks a year|
|Appreciation on value:||Yes||Yes|
|Typical cost:||$20-40k||$70k – unlimited|
|Additional costs:||Annual HOA fee||Taxes, monthly HOA fees|
What about “Fractional” ownership?
Fractional ownership allows a group of investors to buy a property and use it for a predetermined period, usually from one to two months depending on the number of investors in the group — and also to share maintenance costs. While this may sound like a timeshare, the difference is the owners are actually sharing one property, rather than membership in a development.
To learn more about all three options shoot us an email or give us a call. Weâ€™ll explain in more detail – maybe take you on a tour. All you’ll get is our best advice. No free Disney tickets â€“ and no bull.