Based in Washington, D.C., the American Resort Development Association (ARDA) is
the trade association for the timeshare industry
. ARDA’s membership comprises over 500 companies (both privately held firms and publicly traded corporations), which house 5,000-plus individual ARDA members.
| 1. Mahindra Holidays & Resorts India Limited Mahindra Towers 2nd Floor, 17/18, Patullos Road, Mount Road, Chennai – 600 002. Tamilnadu, India. 2. | 3. Panoramic Holidays Ltd. (Magic Holidays), Khatau House, Basement, Mogul Lane, Mahim (West), Mumbai – 400 016 4. |
|---|
The Department of Real Estate (DRE)
not only administers and enforces the laws governing the sale of subdivided lots and common interest developments, including condominiums and planned developments, it also administers and enforces laws governing the sale of time-share interests.
WorldMark TravelShare
is part of the Wyndham Vacation Ownership community, which is one of the largest timeshare services in the world. There are over 20,000 different Wyndham units scattered throughout North America.
What is a voluntary ARDA fee?
ARDA-ROC is a coalition of 1.6 million-plus timeshare owners across the country. As such, these owners choose to make a voluntary financial contribution to ARDA-ROC each year. Contributions range
from $3 to $10 per year
. Because not all resorts have this fee, it’s not mandatory and owners can opt out.
| Annual Salary Monthly Pay | Top Earners $110,500 $9,208 | 75th Percentile $95,000 $7,916 | Average $65,756 $5,479 | 25th Percentile $29,500 $2,458 |
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- Call the developer.
- Rent it out.
- Sell it on the resale market (expect to take a hit).
- Gift it to a friend, family member or stranger.
- Stop your payments (but expect consequences).
- Avoid scams.
No,
the timeshare has no value
, because you don’t own anything in the normal sense of the word. It’s not like your regular home, which likely has some equity built up. In fact, a timeshare goes down in value from the moment you sign the contract. There are much better ways to invest your hard-earned money.
How much does a timeshare cost? The average cost of a timeshare
is $22,942 per interval
, according to 2019 data from the American Resort Development Association (ARDA). Annual maintenance runs $1,000, on average, but can vary based on the size of the timeshare, ARDA reports.
A timeshare is not an investment
. … A timeshare is not an investment, it’s a vacation. It’s also an illiquid asset that is likely to lose value over time. Ultimately, timeshares are like swimming pools, if you buy one, do so because you love the idea of owning it, not because you expect to make a profit.
Yes,
timeshares are a waste of money
. They are marketed as an investment. … In fact, you can buy someone’s timeshare for as little as $1 or even for free. The amount of money it will cost every year to own a timeshare will likely be more than if you booked a week at the same timeshare property on your own.
Timeshares Are Forever
Or, at least
, for a really long time. When you purchase a timeshare, know that you’re generally buying “deeded real estate.” It’s similar to buying a house, except you don’t actually own a freestanding home.
- Disney Vacation Club.
- Marriott Vacation Club.
- Hilton Grand Vacations Club.
- RCI.
- Westgate Resorts.
- Hyatt Residence Club.
- Diamond Resorts International.
- Starwood Vacation Ownership.
What is ARDA ROC voluntary contribution?
ARDA-ROC is a Grassroots Lobbying Coalition of Timeshare Owners. ARDA-ROC comprises over 1.6 million timeshare unit owners in the United States who voluntarily contribute
between $3 and $10 annually
.
If you stop paying it,
the timeshare company will do whatever it takes to collect
. They’ll make phone calls and send letters, then they’ll assign it over to (you guessed it) a collections company. If you still don’t pay, the situation sinks even further into foreclosure and possible legal action against you.
Yes
, you can get a deduction from the property taxes you pay on your timeshare. Just be sure you follow the rules to make it stick: The taxes assessed must be separate from any maintenance fees (the two are sometimes lumped together in timeshare bills).
