Benefits of Vacation Ownership
The benefits of vacation ownership are manifold. For example…
CRDA’s resort developers enable families to combine all of the benefits, rights, privileges and pride of ownership with affordable, guaranteed access to deluxe vacation accommodations located in some of the finest vacation destinations in the World. By prepaying for their future vacation accommodations at today’s prices, consumers are able to effectively “lock in” the bulk of their vacation accommodation costs, both today and in the many years and decades ahead.
Vacation owners enjoy secured access to fully furnished, condo-style units perfectly situated in professionally maintained, fully equipped resort communities that they have elected to visit year after year. Unlike traditional vacation home/cottage owners who are faced with the financial obligations of supporting and maintaining a vacation property year round (whether it is occupied or not), vacation owners only pay the costs of the property’s maintenance based on the proportional interest they own. Vacation owners rotate their occupancy with other owners, and they mutually share in the costs of maintaining their vacation homes; all taxes, security, maintenance, housekeeping, landscaping, management, owner services, insurance and other operational costs are shared equally between all owners.
When vacation owners show up to occupy their unit, there are no gutters to clean, lawns to mow or decks to paint; everything is ready and waiting for their family to enjoy the minute they arrive. They know that their vacation property will be clean and ready for their arrival every time they visit, and they are comforted in the knowledge that their resort community will be safe, secure and properly maintained for the many generations that will follow. (One or more weeks are set aside each year for major maintenance.)
Since they own their annual vacations, owners are free to lend, donate, bequeath, or rent their vacation accommodations to others. Additionally, through their optional membership in an independent exchange system, owners can opt to exchange their week for equivalent weeks at literally thousands of resorts in over 100 countries worldwide.
With the additional flexibility offered by multi-destination clubs, points-based systems, fractional resorts and global exchange, vacation owners are now able to take advantage of several leisure options, all tailor-made to their ever changing lifestyles.
Vacation ownership also benefits resort communities via the economic security associated with attracting a residual base of affluent tourists on a year-round basis. On average, vacation owners spend $150 million more in local communities each year, and an additional $150 million is spent on maintaining and operating the various resorts. This revenue benefits local economies as well as municipal, provincial and federal governments.