Query & Answer: – FAQS Connected With Timeshare
Q: Who or what is the TUG A:? The Timeshare Users Group (TUG) is a site run by Bill Rogers and a group of volunteers who share an interest in vacation timeshare ownership. Q: I have read that this is a ‘not for profit’ website. Why is there a membership fee A: The membership fees pay for this site and all the associated costs of running the Timeshare Users Group (telephone bills, online fees, site fees, domain registrations, postage, etc. …. but no labor costs …. We are a totally volunteer organization. Q: What are maintenance fees and how much are they A: ‘. The cost of resort operation is spread among owners via a yearly maintenance fee fee must also build up. reserves to pay for recurring costs like furniture, appliances etc. that need periodic replacement and other capital costs as normal physical deterioration occurs Cost is established by the developer or homeowners association. CAUTION: When a developer is in control, maintenance fees may be temporarily subsidized by the developer as a marketing tool while it is the sales activity. After house association takes over, charges quickly rise to unsubsidized levels. Special reviews are sometimes added to the maintenance fees to cover unexpected (non-reserved) costs. Association boards of director’s passing these assessments Severe storm damage would be an example where an extra assessment would apply. Maintenance fees vary by location and resort, but usually in the $ 200 to $ 1000 per year range. Q:. buying a timeshare a good investment A? .. Timeshare ownership is an investment in quality vacations buyers who purchase a timeshare strictly for speculative reasons are usually disappointed as the resale market for timeshares does not appreciate not as good or as fast as other real estate investments as an investment in yourself and leisure, a carefully researched timeshare purchase is a good investment compared to the cost of renting alternative comparable accommodations.