Living in an accommodation or a hotel can get expensive. So, one often chooses alternatives like timeshares, which are low-cost housing options that let one enjoy an inexpensive stay at one’s property. Each co-owner can use the space for a specific duration in the year, making it convenient and cost-effective in the long haul. However, the flip side to this is buying one and making seven of these mistakes that could affect one’s long-term investment. Lack of research Co-owning a timeshare is no easy feat and will require tons of research. Therefore, one must not buy the first listing in their search feed or the one offered by an agent. Potential buyers need to learn everything they can about the timeshare, including what’s in and around the area and the resort. Additionally, buyers should understand the company they are dealing with, buyer and seller rights, exit terms, and other crucial details. Besides, hiring a lawyer to handle this process could also help ease the legal process. Impulsive buying Most errors occur because one fails to carry out ample research. Each property and market differs, so one should not sign the agreement based on impulse. While the sales representative might offer attractive deals and offers to complete the sale, one needs to take their time with the decision.