While timeshares have been around awhile, many people aren't yet familiar enough with them to consider these wonderful vacation destinations. Some of the most often asked questions about timeshares include:

Is buying a time share a good investment?

Many people wonder whether to buy timeshares as an investment. The answer can be disappointing to you because it has been seen that the value of the timeshare depreciates with time and they can go down as much as 30%-50% depending on the location and season. A timeshare should be thought as an investment in life: for guaranteed vacations, better facilities, and convenience in vacation planning. Also, if you compare the cost of owning a timeshare with using hotels in the long run, a timeshare would save you a lot of money.

If one wished to make an exchange, how would one do it?

Most timeshare companies have a business network with other timeshare companies and you are automatically enrolled into their exchange program. Also, the fee for the first year is paid by the timeshare developer in most cases. You can also go to the timeshare exchange company and put your timeshare into the exchange program. Just keep in mind a few things such as you will get a similar kind of unit meaning you can't expect to get a two bedroom timeshare in exchange for a one bedroom. Also, plan in advance if you plan to exchange timeshare as it may take awhile depending on the availability. Also remember there is a fee for exchanging timeshares.

Are there any other additional fees when you buy a timeshare?

The answer is yes. Typically there is a maintenance fee and other fees like a transfer fee if you are transferring a timeshare. There also may be property tax.

Taking your time and doing your homework when you go to buy a timeshare will pay off handsomely in selecting your ultimate vacation destination.