Are you interested in becoming an owner in Marriott Vacation Club but don’t know how much it costs? Look no further, as we break down the pricing and ownership options for this popular vacation club.
Marriott Vacation Club Ownership Options
Marriott Vacation Club offers two main types of ownership: deeded and right-to-use. Deeded ownership gives you a permanent ownership interest in a specific resort, while right-to-use ownership grants you the use of the club’s resorts for a certain number of years.
Deeded Ownership
If you opt for deeded ownership, you will own a specific week or weeks at a particular Marriott Vacation Club resort. The cost of deeded ownership varies based on the resort and time of year, but it typically ranges from $10,000 to $60,000 per week. Keep in mind that this is just the initial purchase price – there are also annual maintenance fees that vary depending on the resort and unit size.
Right-to-Use Ownership
With right-to-use ownership, you do not own any real estate interest in the property. Instead, you have the right to use a specific Marriott Vacation Club resort for a set number of years (usually between 20 and 99 years). Right-to-use ownership costs less upfront than deeded ownership – usually around $2,000 to $20,000 per year – but also has annual maintenance fees.
Factors Affecting Ownership Costs
The cost of owning in Marriott Vacation Club can vary widely based on several factors:
- The resort location: highly desirable locations like Hawaii or Aruba may be more expensive than other locations.
- The time of year: peak season weeks will typically cost more than non-peak weeks.
- The unit size: larger units will generally be more expensive than smaller units.
- The ownership type: deeded ownership will generally cost more upfront than right-to-use ownership.
Other Considerations
In addition to the purchase price and maintenance fees, there are a few other things to consider when deciding whether to become an owner in Marriott Vacation Club:
- Exchange options: Marriott Vacation Club is part of the larger Interval International exchange network, which allows you to trade your week for a week at another resort. However, there may be additional fees associated with using this service.
- Resale market: If you decide to sell your ownership interest in the future, you may not recoup your initial investment.
The resale market for timeshares can be unpredictable, so it’s important to consider this before purchasing.
- Flexibility: While owning in Marriott Vacation Club can provide a consistent vacation experience, it also means committing to a specific location and time of year each year. Make sure this works for your lifestyle before making a purchase.
Conclusion
The cost of owning in Marriott Vacation Club varies based on several factors, including resort location, time of year, unit size, and ownership type. While the initial purchase price can be steep, owning in Marriott Vacation Club can provide a consistent and high-quality vacation experience. Consider all factors carefully before making a decision on whether to become an owner.