Have you been interested in planning for vacation rentals for your family for now and the future, and considering your options? There are many short term rentals available such as home shares that may work for your family, but let’s discuss more about timeshare vacation investments so you can decide what is right for you.
Home Share Vacation Rentals: Is it a Fad?
Short-term vacation rental are a newer concept that has really gained steam in the last five years. Airbnb, HomeAway, VRBO and Housetrip are some of the most popular websites. One recent study suggests that the private accommodation market grew faster than the total US travel market in 2016, and could be worth more than $36 billion later this year. Home sharing service work by allowing owners of properties to rent them out for short or long term to potential travelers via a website. The owner lists all the services, prices and amenities available at the property, and the traveler makes a request to book based on calendar availability. You are either confirmed or denied for your booking if not available, and your credit card is required to pay for the property. Depending on the specific property rules, some require prepayment in full and others just ask for a deposit.
Risks of Home Sharing Rentals
The age group of individuals between 18 to 44 year olds are the biggest users of the new home sharing websites. A good option to find lower prices and a more authentic travel experience that so many are searching for, it may align with many young people’s travel goals. However, be aware of the many downsides to these services. Sometimes, the advertised property does not turn out to be quite what you were looking for based on photos and descriptions alone. Other devious owners intentionally misrepresent their property which can results in disappointment once you arrive.
If you have an issue to resolve, it could become difficult if the owner is unavailable or unattentive to your dilemma. An online review system helps travelers know what to expect in terms of location, cleanliness, etc at a certain property. On the flip side, hosts can also review travelers so that you can avoid any unrespectful users who damage properties or leave them in disarray. Another huge risk is you may encounter a fake owner that has illegally listed properties to rent that are not even theirs! Unsuspecting travelers pay for a service and find themselves without accomodation. Remember it is always best to only book properties that have good reviews so that you can prevent a disaster vacation!
The Pros of Timeshares
Timeshares are an excellent option if you find the risks of home sharing rentals too dangerous. With timeshare ownership, you know first hand the property and the cleanliness and quality standards are always top notch. Another benefit of a timeshare is that added feature of access to competent concierge, courteous staff members, and house cleaners in addition to many other amenities such as multiple pools, gyms, world class spas, etc that are usually not available for properties found on home sharing sites. Timeshare staff is highly trained and prides themselves on excellent customer service levels that don’t disappoint. They are willing and able to resolve any and all issues or concerns you may have during your vacation which gives you time to relax and enjoy yourself. In addition, timeshare staff can assist you in other ways to make sure your vacation stress free such as making reservations for you, arranging tours, or even transfers to and from the airport. With a home sharing property, you are left on your own to make any and all arrangements and activity bookings. With timeshare, you truly get to relax and let someone else do the work for you!
In conclusion, both home sharing properties and timeshares are options to consider for today’s savvy traveler. Home sharing properties may offer a more authentic local experience, but be aware they do not come without risks. Timeshares, on the other hand, give you excellent access to an abundance of amenities, high quality services and an excellent and reliable level of comfort you can count on. Which vacation rental option makes the most sense for you and your family? Consider your future vacation plans wisely!