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princessaloha
04-05-2012, 03:57 PM
Aloha :-) We are seriously considering making our first DVC purchase and are in the researching and planning stages. We are 90% sure we want to go resale. Have been reading the Dis Boards for a week and have a couple of questions I was unable to find a direct answer to and hope someone can either help me with the answer or direct me to the right thread. TIA!

Background: we are a family of 5, mom, dad, adult child and two little ones. We have made the decision to travel to WDW every two years while the little ones are young (under 18...that's still young to me) and hopefully longer than that. This year in our WDW planning, through travel sites, the cost of a 2 bdrm villa for 7-10 days Value Seasons runs us anywhere from $4,500-5,600 (approx). Airfare is around $4,000. Other seasons are even more. With tickets, foods, souvenirs, contingency expenditures, it will probably cost approx $10-11K.

Through my (albeit limited) research so far, I was thinking that we could shelve the WDW vacation this year, do a staycation here in the islands, and take that $10-11K (added to some other funds) and purchase about 275-300 points in DVC. Looking at the recent point charts and contracts that have passed RORF, it would hypothetically cost us between $13,000-18,000 ++ for that many points affording us the opportunity for 1 week stays in 2 bdrm villas at either our top three choices, BLT, OKW, or AKV. Making our 4th trip our break even trip (room only)! If we got a great deal with banked points and were able to take a two week stay then that would make our break even EVEN sooner!

So here are my questions:
1. Should we get ONE single contract with the total amount of points? or should we split it up into TWO smaller contracts with same UY (to make (hopefully never the case) future renting and re-resaling easier)?

2. Is it better to buy less points (say 275) and rent additional points when and if needed or better to buy more points (300) and rent out unsused points if there is an excess? Asking this one because in most cases we only need about 275 or less points for one week for most views with the exception of park views.

Sorry this was so long. Hope I made sense. Again Thanks In Advance for any assistance.

hakepb
04-05-2012, 04:50 PM
Contracts can never be split so smaller contracts do give you more options

If costs were equal, I would definitely go with smaller contracts. There may be a better deal on a larger contract that might persuade me though.

It may be smart to start smaller then add on if those 25 points are really needed

hakepb
04-05-2012, 04:55 PM
FYI value seasons to Disney like fall F&W and all of December are actually some of the most popular times to DVC members. Good weather and cheap points appeal to a lot of people.

chalee94
04-05-2012, 05:31 PM
1. Should we get ONE single contract with the total amount of points? or should we split it up into TWO smaller contracts with same UY (to make (hopefully never the case) future renting and re-resaling easier)?

1 contract would be cheaper upfront - lower cost per pt and only one set of closing costs.

2 contracts gives you more options down the road. if you decide to visit wdw less often, you could sell one and keep one. if you wanted to will the contracts to 2 of your children, that would be an option.

2. Is it better to buy less points (say 275) and rent additional points when and if needed or better to buy more points (300) and rent out unsused points if there is an excess? Asking this one because in most cases we only need about 275 or less points for one week for most views with the exception of park views.

better to buy fewer pts and add-on if needed. for the first few years, you should be able to get away with borrowing from your next UY...

princessaloha
04-05-2012, 05:37 PM
Contracts can never be split so smaller contracts do give you more options

If costs were equal, I would definitely go with smaller contracts. There may be a better deal on a larger contract that might persuade me though.

It may be smart to start smaller then add on if those 25 points are really needed

Mahalo (thank you) hakepb!

I think the only real difference in costs will be additional closing costs on more than one contract. I read somewhere that closing costs run between $250-575. Does this sound right?

I guess the next question for us would be whether to get all the points at one place to guarantee that week or split it at two places so we can have the 11 month booking option at two places and hope to add on the rest of the week at the 7 month point.

I'm leaning towards the "start out smaller then add on" option at the moment. Thanks!

ETA: spelling error

princessaloha
04-05-2012, 05:39 PM
FYI value seasons to Disney like fall F&W and all of December are actually some of the most popular times to DVC members. Good weather and cheap points appeal to a lot of people.

Is there a chart that shows the different seasons through DVC point of view?

princessaloha
04-05-2012, 05:45 PM
1 contract would be cheaper upfront - lower cost per pt and only one set of closing costs.

2 contracts gives you more options down the road. if you decide to visit wdw less often, you could sell one and keep one. if you wanted to will the contracts to 2 of your children, that would be an option.



better to buy fewer pts and add-on if needed. for the first few years, you should be able to get away with borrowing from your next UY...

Mahalo chalee94! These are great points.

gatorgirl02
04-05-2012, 06:00 PM
Is there a chart that shows the different seasons through DVC point of view?

This should help you...

http://dvcnews.com/index.php/dvc-program/points-charts/dvc-resorts

chalee94
04-05-2012, 06:28 PM
Is there a chart that shows the different seasons through DVC point of view?

if you are curious about demand and what villas at which resort are hardest to book this is a useful guide:

http://www.dvcrequest.com/how_soon_should_i_reserve.htm

(the time of year you are visiting can also impact demand for certain types of villas - for one example, BWV can be tougher to book during the food and wine festival at epcot.)

disneynutz
04-05-2012, 06:33 PM
We took 2 years to buy, I had my spread sheets, studies, photos, read anything I could find and spent a vacation looking at DVC resorts. We met with a Guide and ended up buying BCV resale.

I thought that I was a informed DVC owner, but after our first stay at BCV, we realized that staying in the resort is different than looking at the resort.

We now own 26 contracts at 5 resorts and book around 10 reservations per year.

Here are my suggestions:

Buy a smaller contract at your favorite resort and take split stay vacations to determine which resort really is your favorite.

Buy the correct UY.

Buy one UY and title the contracts and deeds the same.

Buy smaller contracts.

:earsboy: Bill

Dean
04-05-2012, 06:41 PM
I think the only real difference in costs will be additional closing costs on more than one contract. I read somewhere that closing costs run between $250-575. Does this sound right?Assuming the same home resort, not it does not. Smaller contracts will be more per point normally so the real difference between say two 150's and one 300 is more in the $2-3K range. That may be worth it to get one or more high demand home resorts but it's a cost to consider. The distance and cost to travel can be quite a bit so you really should buy the minimum that will work for your EOY trip options. I suspect the number of points you're looking at is more than you need. You'd be better off buying less and seeing how things go with banking/borrowing. It sounds like you could easily make do with 150-170 points per year to fill your stated needs. You could always add on later

princessaloha
04-05-2012, 07:50 PM
Sorry I don’t know how to multi-quote.

Gatorgirl02, chalee94: Mahalo for the links!

Dean: I’m working out the information you suggested in my brain and not sure if I have it right. If we went with only 150pts to start off with, that would mean we definitely couldn’t stay in a 2bdrm villa each year (?) but could stay every other year if we banked and borrowed (?) But if we wanted to stay longer (airline fees make 2 week mainland trips a better value) we would need to rent more points. Would that be cost efficient to rent out an additional week’s worth of points vs paying MF? That’s probably a confusing thought…sorry in advance.

DisneyNutz: We will definitely take all your points into consideration prior to making any final decisions. I have a couple of questions for you, if that’s ok. 1. When you say “split stays” do you mean splitting our stay at several resorts or splitting our vacation into two separate vacations? The latter will be hard for us 2. When you say, “staying in the resort is different than looking at the resort”, do you mean that for choosing which resort to make as our home resort or do you mean the entire DVC experience? If the later, can you please share your experience?

Thank you everyone!

On another tangent: is it normal to have to log in every time you post a question or reply? I've been asked to log in every time although I haven't logged out.

disneynutz
04-05-2012, 08:22 PM
DisneyNutz: We will definitely take all your points into consideration prior to making any final decisions. I have a couple of questions for you, if that’s ok. 1. When you say “split stays” do you mean splitting our stay at several resorts or splitting our vacation into two separate vacations? The latter will be hard for us 2. When you say, “staying in the resort is different than looking at the resort”, do you mean that for choosing which resort to make as our home resort or do you mean the entire DVC experience? If the later, can you please share your experience?

Thank you everyone!

On another tangent: is it normal to have to log in every time you post a question or reply? I've been asked to log in every time although I haven't logged out.

More than one resort during your vacation.

IMO picking the home resort that you love is important and can't hurt no matter what anyone says. You are buying into a program that locks you into Disney vacations for many years to come. Your cash outlay for these vacations can easily be in excess of $100,000 but many folks act like buying a DVC interest is no big deal and they put less thought into the process than when they bought their car. Of course that's their business but it does drive me crazy. :scared1:

The way that our family feels is that Disney is selling contracts at resorts outside of WDW and those owners may stay more at WDW resorts than at their home resorts. WDW has much more to offer and things to do so the competition from owners at 7 months to book a room has to increase as additional owners are added.

We thought the BCV was our favorite resort we love the theming of the BC and the location, but after staying in the villas we noticed that the rooms are pushed back behind the BC and there really isn't much of a view from the room. That's important to us because as time goes on we spend more time at the resort and less time in the parks.

:earsboy: Bill

Dean
04-05-2012, 08:51 PM
Dean: I’m working out the information you suggested in my brain and not sure if I have it right. If we went with only 150pts to start off with, that would mean we definitely couldn’t stay in a 2bdrm villa each year (?) but could stay every other year if we banked and borrowed (?) But if we wanted to stay longer (airline fees make 2 week mainland trips a better value) we would need to rent more points. Would that be cost efficient to rent out an additional week’s worth of points vs paying MF? That’s probably a confusing thought…sorry in advance.

It really depends on the home resort and time of year. Using OKW as an example and assuming summer time (Magic Season), 150 points annually would get you a 2 BR EOY for a week, you'd need another 50-70 yearly for 10 days. For BLT obviously you'd need more, maybe 200 yearly for a week EOY. However, it's unlikely you'll need a 2 BR every time, it's unlikely you'll go as much as you think you will over a long period, esp if you will be in HI the entire time and most resorts are less points than BLT. There are numerous ways to supplement points if you are short. Just trying to get you to think about what you're doing and help you make the best decision for your family. In your situation it's best to have too few than too many points IMO.

princessaloha
04-05-2012, 09:35 PM
More than one resort during your vacation. Ok, that would work

IMO picking the home resort that you love is important and can't hurt no matter what anyone says. You are buying into a program that locks you into Disney vacations for many years to come. Your cash outlay for these vacations can easily be in excess of $100,000 but many folks act like buying a DVC interest is no big deal and they put less thought into the process than when they bought their car. Of course that's their business but it does drive me crazy. :scared1: ITA, home resort is important to us. PS, I would NEVER want to purposefully drive you crazy ;) so will take more time to consider DVC than I did my car :)

The way that our family feels is that Disney is selling contracts at resorts outside of WDW and those owners may stay more at WDW resorts than at their home resorts. WDW has much more to offer and things to do so the competition from owners at 7 months to book a room has to increase as additional owners are added. Wow, never thought about that. Great point to consider.

We thought the BCV was our favorite resort we love the theming of the BC and the location, but after staying in the villas we noticed that the rooms are pushed back behind the BC and there really isn't much of a view from the room. That's important to us because as time goes on we spend more time at the resort and less time in the parks.

:earsboy: Bill
Thank you!

taaren
04-05-2012, 09:36 PM
I'd go ahead and get the amount of points you think you'll need as long as the maintenance fees won't be a burden to you financially. If you find you have too many you'll probably be able to stay-cation at Aulani before any points expire. Which is my favorite place to island-hop to now ...

I get the airline and time making 2 weeks in a 2 bedroom sound like the best option. That's what we're doing this winter, precisely for that reason! However, we don't plan on making it back to WDW every year or even every other year as those flights are just too long for us to do regularly, hence why we bought on the West Coast at VGC since we can usually score flights in the $400 RT/pp range, and fly for only 4 1/2 hours instead of 10+.

It sounds like your browser is logging you out of the DIS for some reason before you reply. There's probably a check box somewhere you can click to have it remember you as logged in.

princessaloha
04-05-2012, 09:38 PM
It really depends on the home resort and time of year. Using OKW as an example and assuming summer time (Magic Season), 150 points annually would get you a 2 BR EOY for a week, you'd need another 50-70 yearly for 10 days. For BLT obviously you'd need more, maybe 200 yearly for a week EOY. However, it's unlikely you'll need a 2 BR every time, it's unlikely you'll go as much as you think you will over a long period, esp if you will be in HI the entire time and most resorts are less points than BLT. There are numerous ways to supplement points if you are short. Just trying to get you to think about what you're doing and help you make the best decision for your family. In your situation it's best to have too few than too many points IMO.

Gotcha. I think I need to re review the points per week on several of the resorts and re-think this part. Thank you for taking the time to help me think things through.

princessaloha
04-05-2012, 09:56 PM
I'd go ahead and get the amount of points you think you'll need as long as the maintenance fees won't be a burden to you financially. If you find you have too many you'll probably be able to stay-cation at Aulani before any points expire. Which is my favorite place to island-hop to now ...

I get the airline and time making 2 weeks in a 2 bedroom sound like the best option. That's what we're doing this winter, precisely for that reason! However, we don't plan on making it back to WDW every year or even every other year as those flights are just too long for us to do regularly, hence why we bought on the West Coast at VGC since we can usually score flights in the $400 RT/pp range, and fly for only 4 1/2 hours instead of 10+.

It sounds like your browser is logging you out of the DIS for some reason before you reply. There's probably a check box somewhere you can click to have it remember you as logged in.
Aloha!!! a fellow islander! We love Maui. Was just there last month.

Ok, completely off topic from my original question but have to ask since you mentioned VGC: If we have one of the WDW resorts as our home resorts, will booking at the VGC 7 months out be difficult? Say around Sept/Oct or Jan/Feb (our usual vacation time) Just in case, as you mentioned, we don't want to travel the 14 1/2 hours to WDW one year? I get the feeling 7 month booking time frame is difficult for most resorts at WDW but what about VGC?

Mahalo nui loa!

ETA: Thanks, will check my settings for the log in issue :-)

hakepb
04-05-2012, 11:28 PM
Mahalo (thank you) hakepb!

I think the only real difference in costs will be additional closing costs on more than one contract. I read somewhere that closing costs run between $250-575. Does this sound right?

I guess the next question for us would be whether to get all the points at one place to guarantee that week or split it at two places so we can have the 11 month booking option at two places and hope to add on the rest of the week at the 7 month point.

I'm leaning towards the "start out smaller then add on" option at the moment. Thanks!

ETA: spelling error
:goodvibes
It looks like your question has been answered.
Your use of phrases from the islands is making this one of my favorite threads! You are asking all the right questions.
Mahalo
:goodvibes

k3chantal
04-06-2012, 01:46 AM
I think you also need to familiarize yourself with the 'rules' DVC has put in place with resale points. Sorry, I don't know what they are because we have never purchased resale but I remember thinking, "That would really limit me especially with what choices I have already made."
One of the best things about this vacation club is how versatile it is. We have not only been to Disney World several times, but to Disneyland, a 7 day cruise, and to Hawaii through RCI and we have only been members since 08 and only have 280 points per year.
So you may want to consider buying less resale points so that you can buy a new contract in order to be as flexible as you can be. That said, we have never regretted our decision to purchase and when the day comes again that we have some extra cash; we will want to buy another contract.

disneynutz
04-06-2012, 06:15 AM
VGC only has 60 or so DVC units and all of them aren't available to the DVC. Disney has just come up with a option to open up other rooms to DVC Members but I don't have the info.

The smaller the resort the more difficult to book at 7 months.

:earsboy: Bill

princessaloha
04-06-2012, 03:12 PM
Hakepb: Mahalo nui loa! I appreciate everyone’s sage advice. It’s kind of a scary decision and it’s great we have a place to ask questions and work out scenarios. PS. This is my favorite thread so far too, ok, its my first, so will always have a special place in my heart! :goodvibes

K3chantal, thank you for your response. What great experiences and awesome memories you’ve made for your ohana (family)! It is my (very limited) understanding (so please correct me if I’m wrong, because I don’t want to get this wrong) that if we buy resale, we can book our home resort 11 months out and other DVC resorts 7 months out (and vice versa for other members at their home resorts). We no longer can use resale points to book Disney cruises, adventure packages, non- DVC resorts; so basically only DVC resorts. However, the exchange rate in points for the Disney cruises, adventure packages and non DVC resorts (with direct buy points from Disney) are not a good deal and much higher than a cash reservation, therefore it would be better to rent out our points and use the cash from the rental to book these types of trips.

Question for anyone: So if we end up with a week in a 2bdrm every year. Bank every other year for a two week stay. Rent out one of those weeks and use the cash (plus possible additional funds) towards a Disney cruise. We would then be able to stay one week prior to the cruise at WDW for a week on points and then cruise for a week on the rental cash (plus any add funds). ???

Disneynutz, ok, good to know. DH says if all else fails we could head over to Aulani instead and since it’s just a hop and a skip away we could go whenever there’s an availability even if it means breaking it up into smaller blocks of days.

Dean
04-06-2012, 07:19 PM
Question for anyone: So if we end up with a week in a 2bdrm every year. Bank every other year for a two week stay. Rent out one of those weeks and use the cash (plus possible additional funds) towards a Disney cruise. We would then be able to stay one week prior to the cruise at WDW for a week on points and then cruise for a week on the rental cash (plus any add funds). ???If you have extra points, renting them is a good option no matter the reason and plans for the income. However, buying extra points you don't need and knowing you'll need to rent them is not a good idea as a routine going forward though can be for extra points you get on purchase for a one time rental. I would strongly recommend against buying extra points with the intent of renting them out. You'll be far better off just saving the money and the extra maint fees you didn't have to pay toward cruises and the like.

gray52
04-07-2012, 11:02 AM
We're a big fan of purchasing smaller contracts... for a few reasons... but mostly for the ability to have 11mo booking at multiple resorts.

We toured (on our own, not through DVC) most of the Disney World DVC resorts prior to purchasing. We took a couple of afternoons of a trip and went to each resort, walked around and had dinner. We eliminated a few just by doing that (and eliminated one before we even arrived). Our favorite by far was OKW so we bought our first contract and put the rest on a short list for when we were ready to add-on. We spent the next few trips doing some split stays to get a better read on the resorts that ended up on our short list. BLT, BCV, BWV, were our choices, in that order. Nothing really excited us until we stayed at BWV... Location, two booking categories, location, great food options, and location.

ELMC
04-07-2012, 12:40 PM
We're a big fan of purchasing smaller contracts... for a few reasons... but mostly for the ability to have 11mo booking at multiple resorts.

We toured (on our own, not through DVC) most of the Disney World DVC resorts prior to purchasing. We took a couple of afternoons of a trip and went to each resort, walked around and had dinner. We eliminated a few just by doing that (and eliminated one before we even arrived). Our favorite by far was OKW so we bought our first contract and put the rest on a short list for when we were ready to add-on. We spent the next few trips doing some split stays to get a better read on the resorts that ended up on our short list. BLT, BCV, BWV, were our choices, in that order. Nothing really excited us until we stayed at BWV... Location, two booking categories, location, great food options, and location.

One thing you forgot to mention is that the location of BWV is incredible! :)

princessaloha
04-07-2012, 04:11 PM
Sorry, still don't know how to multi-quote:

Mahalo everyone for your input. We’ve decided to go with two smaller contracts at the same home resort for the following reasons (just in case anyone else is considering the same question and wanted to know our thought process) 1. we are guaranteed enough points for a one week stay each year or two week stays if we bank/borrow 2. Smaller contracts are easier to sell off if we find we need to later on 3. We can deed to more than one child if they want them later. We may eventually get a few smaller contracts at other home resorts for more 11 month booking options but that will be down the road. Way way down the road.

Our next consideration in this process will be: which home resort? Then UY (thinking September for Sept/Oct/Jan/Feb travels)? Then I’ll go back through the threads and figure out the next three items we need to consider before purchasing.

Dean: “no worries” (as they say in the islands), we totally agree, we would only get enough points for our needs and definitely not with the thought of regularly renting them out. The other poster and I were talking about the advantageous/disadvantageous of direct vs resale and booking things like cruises with points or renting out points and using cash to book.

Gray52: Mahalo! I agree, location is very important.

ElmC: LOL!

gray52
04-07-2012, 07:06 PM
It is my (very limited) understanding (so please correct me if I’m wrong, because I don’t want to get this wrong) that if we buy resale, we can book our home resort 11 months out and other DVC resorts 7 months out (and vice versa for other members at their home resorts). We no longer can use resale points to book Disney cruises, adventure packages, non- DVC resorts; so basically only DVC resorts. However, the exchange rate in points for the Disney cruises, adventure packages and non DVC resorts (with direct buy points from Disney) are not a good deal and much higher than a cash reservation, therefore it would be better to rent out our points and use the cash from the rental to book these types of trips.


You have a good grasp on DVC for someone with so few posts. Just my opinion... but... I would call your explanation "everything you (really) need to know about the limitations of resale in as few words as possible."

Your points 1, 2 & 3 on why to buy smaller contracts are sound.

If the majority of your travels will be Sept - Feb, then Sept is a good UY. August would work as well.

Sometimes on these boards it's tough to sort out opinions from facts... seems you're doing a fine job of doing that.

Dean
04-07-2012, 09:17 PM
Dean: “no worries” (as they say in the islands), we totally agree, we would only get enough points for our needs and definitely not with the thought of regularly renting them out. The other poster and I were talking about the advantageous/disadvantageous of direct vs resale and booking things like cruises with points or renting out points and using cash to book.I'm fairly familiar with the Hawaiian sayings having done my residency at Tripler for 3 years plus routine trips back since. However, I think the most common one I heard was "Hey Haole".

princessaloha
04-08-2012, 03:09 PM
You have a good grasp on DVC for someone with so few posts. Just my opinion... but... I would call your explanation "everything you (really) need to know about the limitations of resale in as few words as possible."

Your points 1, 2 & 3 on why to buy smaller contracts are sound.

If the majority of your travels will be Sept - Feb, then Sept is a good UY. August would work as well.

Sometimes on these boards it's tough to sort out opinions from facts... seems you're doing a fine job of doing that.

Wow! Mahalo nui loa Gray52 :flower3: I’m just hoping I don’t sound stupid every time I put my fingers on the keyboard. If I appear to be making any sense then I would have to give the credit to you and ALL the other great posters here on the Disboards and provided links. I appreciate the consistent answers that have been given on all the threads that after enough reading makes the pieces of the puzzle fall into place and gives a clearer picture of the DVC world.

princessaloha
04-08-2012, 03:10 PM
I'm fairly familiar with the Hawaiian sayings having done my residency at Tripler for 3 years plus routine trips back since. However, I think the most common one I heard was "Hey Haole".

LOL...well, I’m quite sure it was said with great affection :goodvibes

Dean
04-08-2012, 03:16 PM
LOL...well, I’m quite sure it was said with great affection :goodvibesSometimes yes and sometimes no. I remember one incident where a friend was rear ended the Like Like headed Leeward. Even though he was not the one at fault, most were yelling at him as they passes.

princessaloha
04-08-2012, 03:35 PM
Sometimes yes and sometimes no. I remember one incident where a friend was rear ended the Like Like headed Leeward. Even though he was not the one at fault, most were yelling at him as they passes.

That's awful. Please accept my sincere apologies for my fellow locals' bad manners. Unfortunately there are thoughtless people everywhere, even here in paradise (though I would like to believe they are far and few...hopefully). :hug:

Dean
04-08-2012, 07:04 PM
That's awful. Please accept my sincere apologies for my fellow locals' bad manners. Unfortunately there are thoughtless people everywhere, even here in paradise (though I would like to believe they are far and few...hopefully). :hug:No need for you to apologize, there are ignorant people everywhere and to a degree, I understand. their anger. We did enjoy our time there though I had so little time to enjoy it given my work schedule.