Westgate Resorts is a well-known name in the timeshare industry, boasting an impressive portfolio of properties across the United States. From sunny Orlando to snowy Park City, Westgate offers vacationers a chance to own a slice of their favorite holiday destination. However, like any investment opportunity, it’s essential to weigh the pros and cons before jumping in headfirst.
Many positive reviews highlight Westgate Resorts’ wide variety of destinations and high-quality facilities as key selling points. The company provides luxurious accommodations in sought-after locations such as Las Vegas, Miami, and New York City among others. This gives owners access to diverse experiences without having to worry about hotel availability or skyrocketing prices during peak seasons.
Furthermore, Westgate Resorts reviews operates on a flexible points system which allows owners more freedom when planning their vacations. Instead of being locked into specific weeks at one location, timeshare owners can use their points at different resorts within the Westgate network depending upon availability.
However, despite these advantages, numerous negative reviews have pointed out several potential pitfalls that prospective buyers should be aware of. One common complaint is about escalating maintenance fees which are mandatory regardless of whether the owner uses their timeshare or not. These fees tend to increase annually due to factors beyond an owner’s control such as property upkeep costs and inflation rates.
Additionally, many reviewers have expressed frustration with limited availability during peak travel periods even though they own a timeshare. Some users reported difficulties in booking desired dates due to high demand from other members within the network.
Lastly but importantly is the issue surrounding resale value and exit strategies for those who no longer wish or can afford to keep up with their timeshare payments. Unlike traditional real estate investments where you can sell your property at market value when needed; reselling a timeshare often proves difficult due its depreciating nature over time coupled with oversupply in secondary markets making it harder for sellers find willing buyers.
In conclusion while investing in a Westgate Resorts timeshare might seem like a smart move for frequent vacationers who desire luxury accommodations in prime locations, it’s essential to consider the potential downsides. The escalating maintenance fees, limited availability during peak periods, and difficulties in reselling are significant factors that could turn this investment into a costly trap. Therefore, it is highly recommended that prospective buyers conduct thorough research and consider seeking advice from financial advisors before making such a commitment.