ETOO Resales - Management Fees
Friday, August 1st, 2008One of the costs involved when purchasing timeshare is the annual management fees which covers the costs for grounds and housekeeping services, utilities, insurance, on-site management, maintenance, real estate tax, and financing improvement projects.
Fees vary and do increase yearly and will rise in accordance with inflation. However, fees are lower than what you would spend on a hotel room, but there can be hidden costs which people don’t always realise when buying their timeshare. One off levies can be administered throughout the ownership legally, to cover additional expenses that are sometimes applicable such as new repairs, extensions, health club etc.., rather than accentuated yearly fees.
Some resorts change management companies in order to provide the best service; this sometimes explains the sudden increase in fees.