Purchasing a timeshare can give you an ultimate summer vacation experience. However, before you consider the purchase, it will be a relief to know timeshare ownership facts. Otherwise, timeshares can give you worry, instead of luxury.

Timeshare ownerships may be considered an investment, that is, depending on what and where you are you going to use it for. Aside from the fun and relaxation it brings, owning a timeshare can be a source of income as you can rent it out. You can also give it away to your friends or loved ones on special occasions and have them experience a week of nothing but enjoyment. Moreover, you can pass on the luxury of owning a timeshare to your children and they too can pass them to their own. So much for this benefits, let's now discover the disadvantages of timeshare ownership.

Timeshare as a luxury, entails hefty fees. This fees includes maintenance fees that increases every year. It also includes special assessment fees amounting to hundreds and thousands of dollars when special circumstances arise. Taxes are also included and if you think that you can runaway from these bills, you'll be outrun by lawsuits, interests and penalties.

Though luxurious, your timeshare unit will only be made available for you over a limited period of time. In fact, you'll only have one week per year to indulge in its luxury and before you can even get there, scheduling can take a while. Most owners book 2 years in advance and yet to no avail. They were still not able to have their timeshare whenever they want it.

Furthermore, the deeded contract of your timeshare ownership entitles your children to inherit your timeshare. They'll get to experience the luxury of timeshare ownership and at the same time the financial liability that comes along with it. Now, what if your children doesn't want it? How bittersweet! Now, let the above information sink in and help you gain idea how to get rid of timeshare when time comes to decide whether or not to purchase timeshare.