Whats a fixed week timeshare, a floating week timeshare, and a points-based system timeshare?

You might be itching to know more about timeshare structures, but you have no one to turn to. Relax! This write-up throws light on the basic question - what is the difference between a fixed week, a floating week, and a points-based system?

Broadly, there are three types of schemes or plans that are common in timeshare vacation ownerships. Don't be confused by the industry jargon and wonder what's a floating week? Or what's a fixed week? For your convenience we have demystified these concepts. Read on! What's a fixed week? Under a fixed week timeshare agreement, you own rights to a specific week in a year and possibly in a specific property. In this case, the property allocated to you for the specific period comes to be known as your "home resort".

There is an option of re-visiting the same resort (same week every year) each year or swap through an available exchange system for a comparable property either within the service provider's chain or across the world, depending upon the agreement. What's a floating week? In a floating time plan, instead of owning a specific week, you own a week (or weeks) over a period of time. Remember, the early bird catches the worm; so make sure you book your resort as early as the resort allows, and make your holiday a memorable experience.

What's a points based system? Under a point-based system, you purchase "points" or "credits" that essentially represent a specified unit size and/or time period. These credits or points determine your vacation time, resort location and tier, and unit size. In some cases, the points include travel and lodging expenses. In a nutshell, most timeshare providers do offer all the three options.

But careful evaluation of each in line with your lifestyle, budget, and holidaying patterns is essential. Only a carefully chosen plan would ensure that you do not have any regret post your purchase. So, if you are keen on a timeshare structures, take a mental note of your requirements before going out to the market.

Introduction To Timeshares

What's the difference between timeshare and vacation ownership?

Can I sell my timeshare if I don't want it anymore?