In life, bigger is not always better, but when it comes to timeshare companies, smaller companies are at a definitive disadvantage when it comes to providing quality and secure investments. In fact, smaller companies have a lot to answer for in terms of timeshare’s rocky reputation as many of the common complaints actually center around dealings with emerging or small companies. In order to receive the full benefits of a timeshare, it is always advisable to go with an established company that is renowned for delivering excellence and world class amenities.
Top Five Disadvantages of Smaller Timeshare Companies
- Here today, gone tomorrow
Many of the smaller or emerging companies are not fully insured in case of bankruptcy, and so your investment is not as secure as if you were buying with a reputable, long standing company with years of success behind them. In today’s financial climate it is better to stick with the bigger operators.
- Fewer options and less flexibility
With the bigger timeshare companies you are guaranteed a huge selection of properties and the potential to swap and upgrade your units easily whereas smaller companies have a more limited repertoire. It is often more difficult to book the dates you want at peak times when the company is small.
- Maintenance fees
Even though maintenance fees come with the territory and are an integral part of protecting your investment, statistics suggest that smaller timeshare companies tend to have higher maintenance fees. While the reason for this is unclear, it is likely that larger companies are more able to reduce their costs due to economies of scale.
- More Difficult to Resell
Should you wish to sell your timeshare at a later date, timeshares from smaller operators are less attractive as potential buyers are more cautious about purchasing a timeshare from an unknown operator.
- Rocky reputations
Experience has shown that the larger, well-renowned companies are able to offer a higher quality product that is more likely to ‘sell itself,’ making their sales method’s less aggressive than smaller companies who are competing within an established market.