Are you thinking of purchasing a vacation home for family getaways? You may think of this kind of retreat as an investment that will provide you with fun and memories to last a lifetime. While this may be true, there are disadvantages to owning a vacation home such as property taxes, maintenance costs, time spent on upkeep and returning to the same destination year after year. An alternative that meets the travel needs of many is a vacation club. This kind of travel membership allows you to visit quality properties located in a wide variety of destinations. Let's take a look at the many benefits joining a vacation club can offer.
Variety of Destinations
Unlike a vacation home you return to year after year, vacation club membership allows you to visit a new place every time you travel, even multiple times per year. You'll be able to offer your family a variety of new experiences and cultures. In addition, various types of accommodations are available for the choosing. You'll never have the same vacation twice, unless you decide to.
People often neglect to consider the time and money involved in owning a vacation home. This property will require regular maintenance, repair and upkeep just like your primary residence. All of that adds up financially. If your getaway house is far from home, you may even have to pay someone else to take care of everything for you. Don't forget about the regular upkeep involved like mowing the grass or cleaning the pool. With a vacation club membership, it's all taken care of for you.
Lower Upfront Costs
The membership fee of a vacation club is usually far less than a down payment would be on a home that you purchase. Not to mention the monthly mortgage costs and property taxes on a vacation home can be pretty steep. With a vacation club, you only pay for the vacation time that you use.
No Depreciation Worries
When you buy a vacation home, there's always risk involved. A popular area could lose its appeal in the future, driving your property value down. When you join a vacation club, you don't have to be concerned with losing your investment. It's a win-win. You get the use of well-maintained properties in several locations without the risk.
As you can see, vacation clubs like Bluegreen Resorts offer a number of benefits compared to traditional vacation home ownership. You'll enjoy the memories without the commitment.