Our Real Estate Blog
32 Prince St, Milton, MA 02186
If you love vacationing at the same place every year you may consider investing in a timeshare property. This can often help control vacation costs and planning time. However, owning a timeshare home may not be not the right choice for everyone. It is important to understand that a timeshare is not like other real estate because you do not own the property yourself. Carefully consider what that means before signing a timeshare contract.
Should You Invest in a Timeshare?
Timeshare properties are homes that are co-owned. Similar to condominiums, the units usually have several rooms that allow more than one family to share the space at the same time. Each owner has the right to use the home for scheduled periods each year. If you are considering a timeshare investment, here are the advantages and disadvantages associated with owning such property.
You have a vacation home every year: If you own a timeshare property, you save some vacation planning time each year. You won’t have to deal with booking hotel arrangements or spend time determining a destination.
Scheduled time: If you vacation during the same timeframe every year, this is a great option because you won’t have to worry about having good accommodations available to you when you want to use them.
Cost-efficient: When you calculate how much you spend on hotel bookings whenever you go on vacation, you may realize it is more cost-efficient to buy a timeshare property.
Your vacation is restricted: Owning a timeshare property makes it difficult for you to vacation whenever and wherever you’d like. If you like to visit new destinations or vary your vacation weeks each year, a timeshare may not be the best fit.
Additional expense: If you opt to exchange the timing or destination of your timeshare stay, you may meet with considerable fees during the process. You may also be billed for routine maintenance, utilities, taxes, and other fees related to the timeshare complex itself.
Difficult to sell: It is often difficult to sell a timeshare if you decide you do not want it anymore. You might end up selling at a loss as timeshare value tends to depreciate over time.
Before investing in a timeshare home, weigh your cons against your pros to determine if it is the right decision for you. You might find it just as cost-effective to purchase a vacation home in your favorite location that you own outright. In some cases, you could even rent it out to other vacationers when you’re not using it to help pay for the mortgage. Contact your real estate agent for professional advice on buying the right vacation home for your situation.
32 Prince St, Milton, MA 02186
Your guest room can become a relaxing and inviting retreat -- instead of an afterthought -- and allow you to host visitors at a moment's notice. While decor, bedding and other pieces will help you create a comfortable and inviting space, these tips will elevate your guest room to a luxurious retreat and make you the most in-demand host in the family.
Special Touches for the Perfect Guest Room
Go for Luxury: High quality linens, a cashmere throw and luxury soaps will make your room feel like a cozy and special retreat; invest in a few special items and you'll make a big impression on your guests. Consider adding a few small but helpful amenities, including new toothbrushes and toothpaste in the bathroom and toiletries; these welcome additions could prevent a quick run to the store on arrival day and will make your guests feel welcomed.
Offer Info: If you live near some attractions, areas of interest to visitors or even entertainment districts, stop by your own town welcome center or chamber of commerce occasionally to pick up brochures of some top attractions. Many of these colorful guides also feature promos and coupons just for visitors, so supplying these to out of town guests makes it easy for them to get around. Replace these every year or so, or when they have been used, so you always have something on hand for guests.
Passwords and Keys: Display the Wi-Fi password and any other details in a prominent place. You can buy or make a custom plaque or sign for this purpose -- even a small, decorative chalkboard will work. This will allow guests to log-in right away and access email, work and entertainment for the duration of their stay. This is also a good spot to add a house key on a decorative ring and any other passes your guests may need. Pool passes, clubhouse tags and even gate passes or tags may be needed to get around easily in your neighborhood, and keeping them handy means you won't be scrambling to find them when guests arrive.
Think about where guests might want to visit, how they will get around and what they might need as you set up your room. When you've finished decorating, spend a night or two sleeping in the guest room. You may discover it gets very cold at night, or that a nightlight is needed for safe access to other parts of the house. Once set up, your guests will love visiting your luxurious and thoughtfully appointed space, and you'll find getting ready for visitors a breeze.