We bought our first HGVC timeshare in 2003 via Resale. We bought HGVC for future stays at the Hilton Hawaiian Village (HHV) in Oahu. We love the point system flexibility with HGVC which allows owners the ability to reserve a room with a check-in any day of the week, at any resort, and stay for any number of nights (min 3 nts), in any room size depending on our vacation needs. We also learned how to maximize our usage.
We've had many wonderful trips with family and friends via our timeshares.
However with that said I never encourage my friends and family members to buy a timeshare. It's simply not for everyone.
Surprises with Timesharing in General
The one-time Purchase price is just one factor to consider. The ongoing ever increasing fees are just as important to consider (maintenance fees, club dues, reservation fees, banking fees, exchange fees, etc).
Lots of folks enter in timeshares without understanding the PROs and CONs. If you don't own a fixed week at a specific resort, you will most likely compete with lots of other timeshare owners when trying to book your stay. I sometimes compare the process to the children’s game of “musical chairs” where there are only a fixed number of units for any given week and sometimes way too many folks trying to compete for the same limited number of rooms at the same time.
Most families want to vacation during peak travel periods when the kids are out of school (holiday, spring & summer breaks and XMAS/NYE break) and/or want to visit peak travel destinations like beach resorts during peak summer season and ski resorts during peak winter season. High Demands areas and/or peak travel periods will be booked up first. So owners that can’t plan ahead in order to reserve a unit as soon as booking window begins, may not find availability during these peak travel times.
NOTE: Over built areas will have lots of availability such as Orlando and Las Vegas. Beachfront locations will book quicker than non-beachfront location. Centrally located resorts will book quicker than non-centrally located resorts.
Here's a link on what I learned about RCI over the years via TUG. It's not specific to HGVC. It works the same way regardless of which timeshare I use for a RCI exchange -
http://www.tugbbs.com/forums/showpost.php?p=1702883&postcount=4
Not so nice HGVC surprises
(1) Increased Point Structure at the same locations (at one time there was one point structure for all resorts -
http://www.tugbbs.com/forums/showpost.php?p=216583&postcount=12)
I'm amazed by the number of permutations HGVC has created with the newest Orlando resort (Parc Soleil) when we already had two under the older point structures.
(2) Different reservation windows (at one time the Club Reservation was 9 months before check-out for all resorts).
Now we have different reservation windows for places such as West57th, Hokulani and the new Grand Islander. These resorts provide a shorted booking window which means a smaller window of opportunity for making travel related arrangements such as taking advantage of airfare sale, car rental deals, etc.
(3) HGVC is always looking for new ways to make more money off existing members.
As a result, I haven't attended the so called "Owner Update" in years.
http://www.tugbbs.com/forums/showpost.php?p=311186&postcount=7
(4) Ignored HGVC Resort Maintenance Issues
http://www.tugbbs.com/forums/showthread.php?t=216787
(5) Disappearing HGVC Benefits (HHonors and Open Season Rental Rates)
The number of HHonors points required for a hotel stay has steadily increased over the years but the HGVC conversion rate has not changed since 2008.
Open Season Rental Rates has also steadily increased over the last few years. Just this past December, Hilton showed their long term intent for Open Season Rental Rates and it doesn’t look good for owners. I’m assuming in the long run, HGVC is hoping members will buy more points. I hope instead that HGVC members wise up and use their money elsewhere (beyond HGVC).
http://www.tugbbs.com/forums/showthread.php?t=220231
http://www.tugbbs.com/forums/showthread.php?t=221136
(6) Outrageous Resale Fees
The fact of the matter is that owners have no control over fees especially when the developer is in control. Over the last several years, HGVC has introduced new fees for new resale buyers and the fees have steadily increased.
http://www.tugbbs.com/forums/showthread.php?t=206968
(7) Sad Reservation System.
http://www.tugbbs.com/forums/showthread.php?t=202535
There was a letter in 2012 that new reservation system was coming but it never came -
http://www.tugbbs.com/forums/showthread.php?t=199367
HGVC’s new Marketing Slogan “A vacation state of mind” seemed to be their primary focus instead of their 2012 commitment for an improved reservation system -
http://www.tugbbs.com/forums/showthread.php?t=205363
Whatever you decide, don't put all of your future vacation dollars into timesharing. This will give you the flexibility in the future to choose the best way to visit your desired destinations. There might not be a timeshare at the location that you want to visit or if there is a timeshare it may be very hard to get an exchange. You may also want to visit a destination in an entirely different way via a cruise, hotel/resort stay, special discounted travel package, tour company, beach house rental, etc.