If you and your family vacation in the same place every year, you can get better accommodations than what hotels and motels can boast by owning a timeshare.   Timeshares are a form of vacation ownership where the owner pays only for the time spent at the resort instead of having to buy another piece of real-estate that will only be used a few weeks out the year.  For decades, millions of people have enjoyed a vacation every year with their timeshares.

Timeshares usually come with free leisure facilities on site for your enjoyment.  Timeshare resorts are much higher-quality than are hotels, as well as being, in the long run, a much better financial choice. Owners can purchase a fixed week every year or work on a floating system, where they select their week every year.   Some programs allow you to exchange your week for either another week at the same location or the same week at another location.

Timeshares come in all shapes and sizes.  If it is just you and your spouse, or a small family, one or two bedroom accommodations are available.  Larger families can purchase a three bedroom or two adjoining suites. More amenities are more readily available, with lounges area's, kitchens, and patios.  Timeshares are self-catering; there will be no room service or hostess.  You will be responsible for your own meals, but since most timeshares come with a kitchen, this shouldn't be a problem. 

Timeshares are purchased up front, and some people even put down a payment towards buying the rights as well as for the use of it. After your purchase there will be yearly fees that go towards maintenance, cleaning before and after your time slot, and taxes. 

For families that vacation in the same area every year, timeshares are simply the way to go.