DVC RESALES
DVC RESALES

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Old 02-25-2013, 11:16 AM   #12
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Quote:
Originally Posted by CMOORE185 View Post
...In the case of DVC if one of the resorts needed major repairs only the owners of that resort would see the increase in MF's. the rest of owners would be unaffected.
The cost of major repairs/maintenance are already built into the annual fees - the Capital Reserve Budget is there to cover all anticipated repairs (roof, siding, carpeting, furniture, appliances, etc.) over the life of the property. Unanticipated expenses (like a hurricane) would be covered by insurance and not cause a direct increase in MF's - but possibly a future increase in insurance rates. That has already happened for all DVC resorts - even those minimally affected by a hurricane.
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