Projecting Revenues from Turning Your House into a Timeshare

If you are considering starting a house timeshare, there are many things to think about first. Turning your house into a timeshare definitely has some potential as a business model. However, if you do not look at all the angles, you may be disappointed. One thing that you need to do before you turn your house into a timeshare is to project potential revenues from the process. If you accurately do this, you can help decide whether or not it is profitable. Here are the basics of projecting revenues from your new timeshare.

Sales Price

The first thing that you need to do is determine a sales price for the timeshares. Each person that buys one is going to be receiving a week in the property every year. Therefore, you need to come up with a fair price for that week of accommodation. Once you decide on a price, take that figure times 52 weeks to get your maximum income. 

Maintenance Fees

Timeshares also charge a regular maintenance fee for the property. Decide how much per month is fair, and then multiply that by 52 owners. These numbers represent the best case scenario, but they show you the potential of what you are doing. 

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