Timesharing offers people the opportunity to rent at fully-furnished homes or apartments at holiday resorts. This is usually for 1-week periods and cost much less than a full holiday home. For a one-time purchase price, and an annual maintenance fee, you can own vacations (either forever or for a fixed number of years, depending on the sale agreement).
How Does Timeshare Work?
- Holiday for life without escalating holiday accommodation costs
- Holidays worldwide at any time of the year
- Use RCI’s exchange system for exciting holidays worldwide (these are luxurious resorts offering a wide range of facilities from snow skiing to safari resorts)
- Self-catering, family holidays suitable for all lifestyles, even the most discerning holiday-maker
- Most cost-effective holiday method
Inheritable asset for heirs
What do I actually get for my money?
You are investing in an exclusive timeshare property in a RCI holiday resort that is exchangeable worldwide. You have the choice of the size, location and grade of the property you invest in.
It is an investment not only for the fact that you will have a holiday every year, but also you have the option to sell your timeshare, or leave it to your children in your will. You can also let friends use your timeshare or rent the week out privately.
There is no obligation to use the holiday at the resort that you purchase at. Most owners use it as a smart means of exchange to open the door to other exciting destinations. By becoming a member of RCI, you can space-bank your week and swop it for someone else’s week, anywhere in the world, at anytime of the year, in a similar resort and unit type.
How do I choose my timeshare?
There are three ways in which you can use to choose your timeshare. The time/season, the size of the unit, and the type of resort accommodation.
The Time/Season Of Year
→ Peak = South African school holidays
→ Red = High season
→ White = Mid season
→ Blue = Low season
Size Of The Unit
→ 0/2 ST = 2 sleeper studio or hotel apartment
→ 1B 2/4 = 1 bedroom sleeps 2 privately and 4 in total (2/ sleeper sofa)
→ 2B 4/6 = 2 bedrooms sleeps 4 privately and 6 in total (2/sleeper sofa)
→ 3B 6/8 = 3 bedrooms sleeps 6 privately and 8 in total (2/sleeper sofa)
The smallest unit is a studio apartment which has a bed-sitting room sleeping a maximum of 2, but the average unit is either a 2-bedroom unit, sleeping 4-6, or a 3-bedroom unit to sleep 6-8. Please note that the larger the unit, the higher the cost.
Type Of Resort Accommodation
→ Gold Crown Resorts : Top-quality, five-star resorts
→ Resorts Of Distinction : Luxury four-star resorts
→ Standard Resorts : Comfortable three-star family resorts
You can only exchange your holiday on a like-for-like basis. You can always ‘trade down’ in quality, but cannot ‘trade-up’, so you cannot exchange a week in a standard-quality studio apartment for a week in a 2-bedroomed Gold Crown unit. It is a good policy therefore to buy as expensive a holiday package as one can reasonably afford, to avoid possible future restrictions in choice.
Just like buying any pre-owned property, the owner decides what he wants to sell for. If an owner is interested to sell quickly, they will reduce the price. This is also how we’re able to offer timeshares at an even lower price.
Would you like to know more?