Royal Holiday Vacation: Why Keep Up To Date With Maintenance Fees?
BY SumonaFeb 17, 2022
Timeshare is often regarded as a piece of real estate (there are real estate taxes involved), and as such, an owner of a timeshare cannot simply choose to stop paying his scheduled maintenance fees at will, similar to how you cannot stop paying his rents or mortgages on his house, etc. So, what exactly happens if and when you DO stop paying fees associated with your timeshare? Well, in most cases, stopping payments on previously agreed-upon maintenance fees will mean that you will default on your timeshare ownership. This hurts both the resort or facility your timeshare is attached with and, more importantly, it hurts YOU. This is similar to how a home goes into foreclosure once the homeowner stops paying his mortgage. The default and the foreclosure will show on your credit report, and it will stay there forever, meaning you will face a harder time the next time you apply for a loan. We must also mention here that this is something that 'Timeshare Cancellation' companies often 'fail to mention to their clients. They may suggest that clients stop paying their maintenance fees while getting them out of the commitment. However, make sure to read the contract carefully, read the fine print, and you'll know that each and every successful timeshare cancellation involves a foreclosure. So, now you know! So, what can you do if you find you are having a hard time keeping up with your timeshare maintenance fees? Well, suppose you ever find yourself in a situation like that. In that case, it is strongly recommended that you talk directly with the resort, and they may come up with options that will aid your situation, such as exit solutions, in-house rental programs, and more. Finally, keep in mind that regardless of whether or not you're using your timeshare, you will still always need to stay up-to-date with your maintenance fees. You can rent out your timeshare for the years you do not use it. Or, if you have no plans to use your timeshare anymore, you can always look for options to sell your existing timeshare to a new owner. Benefits of traveling as a member of a vacation club You can enjoy many benefits when you buy a membership of a reputable vacation club. It is often the case with many travel enthusiasts that they dream of traveling to new and exciting destinations, but finances make them shelve their plans. However, a leading vacation club such as Royal Holiday Vacation Club will help you enjoy your dream vacation while ensuring that you stay within your budget. The fees you'll pay on a vacation club's membership will, overtime pay for themselves. Let's see how. To begin with, costs of staying at resorts or other luxury accommodations add up quickly. However, with a vacation club like Royal Holiday Vacation, members can cut those costs in half or even less through various discounts, rewards credits or vacation points, seasonal offers and promotions, and other cost-saving programs these clubs offer to their members. In fact, according to a recent report, membership fees of most vacation clubs start to pay for themselves in as little as five years, given that you travel regularly enough. High-quality stay and all-inclusive packages You'll enjoy great deals on your accommodation with leading vacation clubs. However, that hardly ever means that you'll need to settle for smaller resorts or standard hotel rooms. On the contrary, you'll find yourself placed at some of the most luxurious resorts or chain hotels that your chosen destination offers. For example, as a member of Royal Holiday Vacation Club, you can stay at some of the best resorts, hotels, villas, and condominiums in over 180 different destinations across the globe. Vacation clubs can offer such sumptuous accommodations to their members because they are direct stakeholders in many of these resort or hotel chain developments or carry different levels of affiliation with these luxury accommodation facilities. Further, vacation club members are often eligible for all-inclusive packages, meaning that most of their travel costs (car rentals, sightseeing tours, meals and drinks, and various other travel activities) will be prepaid According to a US News article, this not only helps vacationers save a great deal of money, but all-inclusive vacations are also a great way to enjoy your dream vacation in the most relaxed manner possible. Knowing that you will not need to be out with your wallet every few minutes and that most of the expenses are already taken care of gives you that mental freedom and peace of mind necessary to enjoy your vacation to the fullest. Club memberships are not timeshares You enjoy far more flexibility with vacation club memberships than you do with a timeshare. For instance, you are often required to stay at your timeshare for a certain amount of time every year. However, no such requirements with vacation clubs---stay for a night or two, or a couple of weeks, if you prefer. It's entirely your choice. Plus, of course, you can travel to many different destinations with a vacation club membership and are not tied to a single resort or destination as with a timeshare. Royal Holiday Vacation Club: Membership Benefits With Royal Holiday Vacation Club, you not only enjoy great discounts on resort stay or through all-inclusive packages (when applicable), but you also get to save precious bucks on airline tickets, luxurious cruises, and premier fine dining and entertainment facilities. From Bronze to Royal, the club offers five different membership levels suited for travel enthusiasts of all kinds. And apart from the usual discounts, promotional offers, etc., you can also save a great deal by earning Royal Holiday Vacation reward points. Finally, we must make special mention that it is in your best interest that you stay current with all membership-related payments at Royal Holiday. This will help you reap the greatest benefits when it comes to accumulating rewards credits and being eligible for lucrative promotional offers, all-inclusive packages, and more. Read Also: 6 Best Family Holiday Destinations In India Top 5 Hobbies Men Can Pick Up During The Upcoming Holiday Season YACHT VACATION: HOW THE RICH SPEND THEIR HOLIDAYS