
Timeshares
Timeshares are arrangements where multiple people share ownership of a vacation property, typically dividing the rights to use it during specific time periods each year. Instead of owning a property outright, you buy a lease or interest in the property’s usage schedule. This allows you to vacation in the same location annually without bearing the full costs of ownership. However, timeshares often involve ongoing maintenance fees and limited flexibility in scheduling. They can be purchased through direct sales or resale markets, and are popular among frequent travelers seeking a consistent vacation spot.