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View Full Version : why would you own at a second resort?


dumbo_buddy
03-21-2010, 08:37 AM
for those of you who own at more than one resort, why do you do it? i understand the multiple home resort advantage. i'm curious about the benefits of owning a small chunk at a different resort. like, why would you own, say, 200 points at SSR and then 30 or 50 at BLT or BCV?

if you are using the home resort advantage to book at BCV, the 30 points don't really get you all that much. don't you have to have enough points at a resort to book a full vacation? at 11 months out, if you want to spend a week at BCV, don't you need a week's worth of points AT BCV to be able to book it?

30 points really only gets you a night or so (or even less) at some of these resorts.

thanks in advance! just trying to get a hold of DVC. we are currently waiting to close on SSR and we're already talking about wanting more points :)

maryloubsw
03-21-2010, 08:54 AM
for those of you who own at more than one resort, why do you do it? i understand the multiple home resort advantage. i'm curious about the benefits of owning a small chunk at a different resort. like, why would you own, say, 200 points at SSR and then 30 or 50 at BLT or BCV?

if you are using the home resort advantage to book at BCV, the 30 points don't really get you all that much. don't you have to have enough points at a resort to book a full vacation? at 11 months out, if you want to spend a week at BCV, don't you need a week's worth of points AT BCV to be able to book it?

30 points really only gets you a night or so (or even less) at some of these resorts.

thanks in advance! just trying to get a hold of DVC. we are currently waiting to close on SSR and we're already talking about wanting more points :)

I am wondering the same

cvjw
03-21-2010, 08:54 AM
We own at multiple resorts for the 11 month booking window only. We own between 170-200 points at each resort so that we can book a 2 bedroom villa for a week at each of the resorts with banking/borrowing. I would think that the very small contracts would only work with studios a few nights every other year with banking/borrowing.

Kuzco
03-21-2010, 08:54 AM
I purchased a small contract at BLT. I own a larger one at AKV. I purchased the BLT contract because I wanted to be able to spend a few nights a year at BLT with booking priority. I also hope to add on at BLT again when the time is right.

DVCSAMNH
03-21-2010, 08:58 AM
The second resort I bought was AKV. I bought it simply because it had the latest expiration date. It really doesn't matter to me which resort I own at. It's more about the expiration. I'm happy at any resort on property.
I did buy 100 points. I'm don't think I would do this with a really small amount of points but 100 is enough for a vacation for us with borrowing if we do decide to vacation at AKV.

DisneyStarWisher
03-21-2010, 09:06 AM
Right now I own 100 at AKV and 50 at HHI. I am getting ready to add on another 50 at HHI. I bank my points and use current points to book and go to Disney every other year and HHI on the off years. I am not in the situation you are talking about but...

Some people use their larger contracts to book their family vacations, then they use their small contracts to bank, borrow, and use current UY points to get a studio for a solo trip or with a friend every 3 years. So the 30 points would become 90 by banking and borrowing. That would get at least 5 nights in a studio at BCV during the Food and Wine Festival.

If you are planning all your trips with your family (like I am), it wouldn't make sense to have a very small contract, unless you get a good deal on a small contract and then plan to add on.

Uncleromulus
03-21-2010, 09:08 AM
We had to do it--when we wanted a few more points, OKW was "sold out" so we were forced to get the next 70 points at Hilton Head.

n2mm
03-21-2010, 09:15 AM
I own at 3 resorts. First SSR because it was the cheapest when I bought in and I bought alot of points. Second BWV because I'm a point miser and love getting a standard view and staying longer for less points and I use the 11 month window during F&W. Third BLT (see #2--I'm a point miser) and the standard view rooms at BLT are important to me to stretch my points and still be able to get in at the 11 month window.

corpcomp
03-21-2010, 09:21 AM
We own at multiple resorts for the 11 month booking window only. We own between 170-200 points at each resort so that we can book a 2 bedroom villa for a week at each of the resorts with banking/borrowing. I would think that the very small contracts would only work with studios a few nights every other year with banking/borrowing.

I'm confused. 200 points does not come close to getting a 2 BR at BCV for a week. How do you apply the other points from other resorts at the 11 month window? Or do you borrow BCV points from the next year and then the following year book somewhere else and use/borrow those points?

I happen to buy smaller contracts because they are easier to sell and you get a higher price when you do sell.

Vickis3js
03-21-2010, 09:34 AM
We just added on a 130 point contract for SSR so that we can get the THV for our yearly 8 night trip around Christmas. We will be banking and borrowing and going there every 3 years. We have 210 at AKV which now we can bank a year of points and its going to help DH and I go once a year for a long weekend by ourselves and be able to get a savannah view when we go. But now I am thinking of adding a smaller contract to BCV or BWV so that DH and I can stay there once a year.

kenny
03-21-2010, 10:04 AM
I'm confused. 200 points does not come close to getting a 2 BR at BCV for a week. How do you apply the other points from other resorts at the 11 month window? Or do you borrow BCV points from the next year and then the following year book somewhere else and use/borrow those points?

I happen to buy smaller contracts because they are easier to sell and you get a higher price when you do sell.


The poster was referring to banking and borrowing so they could have between 400-600 pts every 2-3 years (depending if you are banking and borrowing or just one).

We own 200 at SSR. Had originally purchased 100 at BLT to be able to bank and borrow and have 300 every 3 years. After our stay there last week we added on another 125 BLT as we fell in love with it and want to be able to stay there more often.

The 11 month window is key for some resorts like BLT. SSR not so much. Don't think I would ever do a small contract of 50 pts or so as our minimum vacation stay is 7 days and small contract like that does not get us a week anywhere in 1 bedroom. But that is just us, for others it works well.

spiceycat
03-21-2010, 10:46 AM
use to stay 5 days in a studio - so own VWL - 60 points, - BWV - 50 points.

that was enough to get 5 days in adventure season,

now it will get 4 days - that say at present still live in Ala - so can drive there so 4 days is doable. (bwv still 5 days - til next year)

that say moving to Florida (hope) so even 2 days would work...

of course hope to do the banking and borrowing shortly. so far can't wait that long.

have 170 BLT (had 240 - okw but sold them for BLT) so that is the main resort.

dumbo_buddy
03-21-2010, 10:52 AM
ah, ok, so with the smaller contracts you just bank/borrow from previous years to be able to stay for longer at those resorts? got it. that makes sense.

Simba's Mom
03-21-2010, 12:12 PM
We own at 3 different resorts, because we(or I) take 3 Disney trips each year, to a different resort. In Spring we go to OKW in a 1 BR, so we own most points there. Then in the fall I make a solo trip to BCV for the F&W, so we own fewer points there. Then we go to HHI every Thanksgiving, so we own a few points there. However, we need more HHI points. Initially our idea was to use points alternate years, and book on Members' Cash alternate years (MC is really reasonable off-season). Theoretically, that sounded OK til we found out that HHI isn't releasing MC rooms til a few months out. So rather than wait and hope, we want enough points to book there on points every Thanksgiving.

cvjw
03-21-2010, 01:42 PM
I'm confused. 200 points does not come close to getting a 2 BR at BCV for a week. How do you apply the other points from other resorts at the 11 month window? Or do you borrow BCV points from the next year and then the following year book somewhere else and use/borrow those points?

I happen to buy smaller contracts because they are easier to sell and you get a higher price when you do sell.

Bank the points from one year, and then use those banked points and the current year's points to book a 2 bedroom for a week. By doing this, I would have between 340 and 400 points to use for that reservation, depending on which contract I choose to use. Illustration - I am banking my '10 BCV points into '11 to book a 2 bedroom villa for my kids spring break next year in April.

corpcomp
03-21-2010, 04:45 PM
Bank the points from one year, and then use those banked points and the current year's points to book a 2 bedroom for a week. By doing this, I would have between 340 and 400 points to use for that reservation, depending on which contract I choose to use. Illustration - I am banking my '10 BCV points into '11 to book a 2 bedroom villa for my kids spring break next year in April.

Got it. The smaller contracts I add on are only at BCV where all our points are. We have enough (270) for 1 week in a 1BR or two weeks in a studio, If we buy at another resort like BLT it would be closer to 100 points to start there, depending upon our cash flow. We pay cash only, don't finance.

We are on a waitlist for a split stay in July to see how we like BLT and / or VWL (whichever come first) for the first few days, then at BCV.

franandaj
03-21-2010, 06:20 PM
We own at SSR and VGC. We initially bought our SSR points because we liked the idea of staying at a resort with a spa on site. We really enjoyed our first trip several years ago and had planned to go back the following year because we have 140 points that needed to be used before the end of our UY. Unfortunately due to family medical issues we had to cancel our trip to Florida twice and there was no way we were going to get there before the end of our UY.

We live about 20 minutes from DLR and we had a few evening events booked for the F&W Festival so I suggested that we use up our points by staying over on three separate nights after our events, so that we didn't have to worry about driving home. I got so spoiled by those nights that after the third time, we went to one of the DVC counters and within an hour we were talking with our guide and touring the models!

What I realized was that once the secret of the CA F&W Festival gets out, I could never get a room there on a weekend 7 months out, so I had to be an owner for that 11 month window. Within 2 weeks, I was booking our accomodations for 2010 F&W :thumbsup2 My first stay is rapidly approaching!

When we get some money I would like to purchase 100 points or so at the BWV or BCV so that every other year we could get a 1 BR during F&W for a week or less. We don't finance either, and pay cash only.

deebits
03-22-2010, 09:22 PM
We bought 75 points at BCV and will bank/ borrow/use. This will give us enough points to stay in a 1 bedroom for F &W every 3 years. We are now looking in resale to purchase BWV and another 75 points to do the same. We have enough points at SSR, AKV and BLT to spend a week when we are not at BCV.

JimC
03-22-2010, 09:54 PM
Some may own to use every other year or every third year using banking and borrowing to give them sufficient points for that one trip.

dvcdisney
03-23-2010, 10:00 AM
We own at multiple resorts for the Home resort priority as well. We have enough points for each to book our trip. However, we do tend to borrow.

For us, we would not be able to efficiently use small contracts. We dont live close enough to make little trips. Our trips need to be 2 weeks long for the airfare and time to be worthwhile. And we also prefer to stay in one resort for the entire stay.

Dizny Dad
03-23-2010, 10:57 AM
We have multiple small point contracts to allow us to shed contracts quickly if and when the time comes. We have not yet had to consider such drastic moves. :scared1: 75 pt contracts are much easier to sell than the large looming 200 or more point contracts.

We have purchased multiple point contracts at the same time and have been allowed to combine the totals for the current incentive packages, etc.

Having multiple small contracts also allows us to more easily assign them to our children for inheritance purposes.

kt-scarlett
03-23-2010, 11:50 AM
In addition to our points at BWV we own 25 points at VWL. This allows us, with banking and borrowing, to stay five weeknights in a studio in Adventure Season. (January, September or early December) Not a bad deal for 25 points. :thumbsup2

Update:
Being the math geek I am, :lmao:I just had to do the math on this. :surfweb: The 25 points cost about $2k (I was a CM at the time) which will give us 14 vacations over the 42 year contract. Each 5 night vacation will cost us $142 (plus MF of course.) :thumbsup2

Hollymom1229
03-23-2010, 03:49 PM
Our points are split because they are meant for different uses. SSR is where we own the most points, but that's also where we would have family stay with us on points and so every other year we tend to do a bigger family trip and use the SSR points. The AKV points are for me and DH and a future wee one someday. It's enough points for one week in a savannah view studio every year. If we don't go that year then we bank and we can upgrade to a 1 BDR or concierge the next year. The 11-month is especially important at AKV where they have so few value and concierge rooms.

JaxDisneyFans
03-23-2010, 06:02 PM
We own at two resorts for two plus different trips each year. The largest contract is used for our weekly family vacation. The smaller contract is for a long weekend during Food & Wine. The extra points from the largests contract are used for 1-2 weekend get-aways a year.

puntagordabob
03-23-2010, 07:14 PM
BLT is our main contract....but we will eventually add on at OKW....points are cheaper there and the resales are a good price.

Lil' Grumpy
03-24-2010, 01:58 AM
we're new to the game but we doubled our blt contract based on
our vacation patterns. [ i had no desire until we figured how
many we would be needing for blt 1-bedroom X 2 weeks. ]

just my observation, but i read some staying @ ssr and swearing
never again. so i think after they experienced something they
didn't expect, instead of selling they added on & used their ssr
points in different ways. also the up front "price" ,is a major factor. i think
some get their foot in the door by buying the cheaper ssr points
& then adding on to the resort they like to stay most. then
they can book 2-3 days then add on the rest @ the 7 mos. period.
or maybe they sell off the ssr points..then used that money
for buying/ transfers the points they need to finished @ the desired resort.
i think most 2-home owners has ssr as their major resort.

we debated akv /blt but in the end decided blt would meet our needs
best. in reality, we 're just guessing.


i also think some are buying for the status symbol based on the
input they are always providing. others are collecting as many as they
can & starting a business.

for us, it was a matter of coincidence where we ran into our 08
pc cruise table mates @ mk last july. somehow, she talked my wife
into looking into dvc again. we spent 5 hrs going over the details
& ended up "adding on" before going back to the park. we did not
do any "homework".... and it something i think we're going to regret.
however, my wife....who has given me my greatest joys on earth,
had her heart set on blt when she saw the model. just for that, makes it
worth it to me. [ if something ever happens to her, either our kids
take the 3 contacts over, or i will try to give it to our family members]

* not a good sign, but her sister & husband turned down a free 2 weeks
stay.

the other option, helping others in our community with special needs.
[ we already have this privilege & has been very rewarding in ways
we could never had expected.]

still if we get 10 years worth out of it, i'll be happy. i just wish i read
more here before buying. [ we had no idea about renting points &
other major issues that were misleading].

anyway..it just what i think. hope it helps you make the right choice
for you.

dumbo_buddy
03-24-2010, 06:22 AM
1. just my observation, but i read some staying @ ssr and swearing
never again.

2. i also think some are buying for the status symbol based on the
input they are always providing. others are collecting as many as they
can & starting a business.

3. * not a good sign, but her sister & husband turned down a free 2 weeks
stay.


1. there will be people who love and hate every resort, right? i've seen people who swear by saratoga springs!

2. what is the status symbol? you're better if you own a newer resort? or "better" if you own multiple resorts?

3. why did they turn down a free stay?

jodifla
03-24-2010, 08:00 AM
We bought in or our original contract at OKW, and added on BCV before it sold out so we'd always have access to SAB.

dzorn
03-24-2010, 08:43 AM
I could see us adding another resort for 50-75 points to bank and borrow for a extra or extended trip every few years. We have done a few split stays and do not mind the move so we could also use a second contract for added days at the 11 month window.

I will resist addonitis until we have stayed at every resort and can pay cash without a second thought. It might be a hard decision since I have loved all the resorts so far though we have only stayed at AKV, WL(:cloud9:for DH) and OKW so far with BCV and BWV this summer.

Denise in MI

the who #3
03-24-2010, 09:14 AM
we own pts at 3 resorts :dance3: (3 homes i like to think). 270 pts at vwl because it has such a lovely homey feel. 220 at akv because we love the animals and the safari, boma, jeko, and the luxury of staying on concierge once in a while. 285 at blt because we love the firworks and the mk view also the monorail. luxury is being able to hop over to the mk when ever you want. these are all luxuries, but isn't that the reason we go to wdw anyway. for entertainment with luxury. i am willing to scronge all year for the trips to my wdw home.:welcome:

we also love the boardwalk and beach club. the point is that i would love to own about 200 to 250 at each of those also. ahhhh, how nice it would be to win the lottery! if so i might even buy in california!:goodvibes

Mom B
03-24-2010, 10:04 PM
We started out with 100 points at Vero because we had stayed there (on cash) and really loved it, and liked the flexibility of being able to use the points at WDW if we wanted to. BUT of course we soon realized that it would be better to have points both on WDW property and at Vero so we added on a couple of smaller contracts. Now the goal is to continue adding on points (with the same use year, same resorts) a little at a time (as the funds allow since we prefer not to finance) until we get to where we really want to be (if that ever happens! unfortunately I'm afraid there will never be "enough"). In the meantime we can bank/borrow, etc., to make the most of the points that we do have. It does help that we tend to travel in lower seasons, generally January or October/November so the points go farther.;)

dumbo_buddy
03-25-2010, 05:56 AM
thanks everyone for your responses. we haven't even closed on our SSR resale contract yet and we're already talking about where to buy next! the banking/borrowing thing with a smaller contract does make sense.

the only problem with the points you get is having to really sit down and plan your upcoming disney trips for a year out or more. seeing as i love to plan, that's ok with me! it's just a little difficult :)

Ln42
03-25-2010, 08:48 AM
This has been a fantastic thread to read for a newbie like me to begin to really understand multiple contracts, banking, and borrowing. Thanks everyone for sharing. I would love to read more.