Timeshares in the UK and Europe: What to look for when you visit

Purchasing a timshare is a unique investment which requires two layers of research. First, determine if a timeshare is the correct type of investment for you, or are you better off putting investment money somehwere else and paying for vacations year-to year. Then you need to determine which specific timeshare in the world will give you the best payoff with regard to investment return and fun.

Here is a short checklist that may help:

1. Compare maintenance fees. How much of this money is spent on basic and necessary upkeep (yardwork, etc.) and how much goes into capital improvements such as putting in a new pool or fitness club when membership expands?

2. Are there any unpredictable fees? How many years have they had "Special Assessments" which are charged unpredictably? Why have they been charged, and what is the likelihood of that type of event recurring in the future?

3. How much would you have spent on your family vacations otherwise? Timeshares are not a good investment for a speculator because they do not increase in value as fast as most other investments. However, if you figure the cost of vacations you would have taken anyway, they may be an excellent investment.

4. Should you buy a timeshare "new" or resale? A timeshare sold to you by a previous owner or a resale company will cost significantly less than a new one purchased from a developer. However, in new and exciting timeshare locations, there may not be "used" units available, and developers have started to add extra perks to their sales to compete with used sellers.

5. Where is the best place to own a timeshare? This answer is actually quite tricky. If you are leaning toward buying it more for you or your family's enjoyment than for resale value, then choose one you personally enjoy. On the other hand, if resale value is equally or more important, balance that with choosing one that is in an area of high demand.

6. Fixed week .vs. floating week? This depends on your schedule. If you have a clear schedule, such as having kids in school who get the same weeks off, than fixed weeks may be okay for you. Unpredictable work schedules may make a floating week better for you.

Should you do decide to move ahead with buying a timeshare, good luck with this exciting choice!