Renting and Owning Vacation Condos

Most people can’t afford to live in luxury near the beach or other hotspots, but that doesn’t mean that you can’t live it up for at least a few weeks. Vacation condos are a great way to enjoy a holiday with all the comforts of home, and often times at a lower price than similarly located hotels. Activities are plentiful, rooms are spacious, and they’re often in better condition than similarly priced hotels or motels in the same area. If like to visit the same spot regularly, then you might consider investing in a timeshare for more savings and flexibility on your holidays. 

If you plan on staying put for more than three days in one area, vacation condos are the better option. They are especially appealing to those travelling with family as you won’t have to book separate rooms and will have access to a kitchen and living area, relieving the cramped conditions of many motels and hotels. Sports enthusiasts often choose this type of accommodation as they won’t have to lug heavy surfboards or other equipment down to the beach if it’s at their doorstep. It is also common for rental units to supply some forms of equipment that is popularly used in the area. 

How much does it cost to rent a condo for your holiday? Price can vary widely, but with some persistence you can find some great deals. The off seasons such as winter and between holidays will be the best time for big savings and you can find a one bedroom and one bathroom unit that sleep four individuals for as low as $70 a night. During peak seasons, that same condo can rise up to $300 a night. Of course, the location and views will change the price tag as well. Ocean views directly on the beach will cost a premium whereas if you choose a garden view you can save more. Generally, the longer you stay the better deal you can get, so inquire about price breaks for terms a week or longer. Directly renting from owners may also save you some fees. 

Do you vacation to the same area regularly? Tired of picking new hotels to rent? Why not try a timeshare? Many companies sell condos as timeshares, which means you buy a portion of the property and are entitled to certain rights, which generally includes a certain amount of usage per year depending on the amount of owners. You will have to make some compromises, such as the dates when you can use the condo, bringing pets, and smoking—but overall you can end up saving some significant money. Timeshares are suited for people who plan on using the unit two or more times a year. In some arrangements, it is your right to rent out your allotted time to others so you don’t end up losing cash if you are unable to visit. There are maintenance fees as well, so it is important to calculate total costs versus usage to ensure it is worth your investment.