DVC RESALES
DVC RESALES

Go Back   The DIS Discussion Forums - DISboards.com > Disney Vacation Club > DVC-Mousecellaneous
facebooktwitterpinterestgoogle plusyoutubeDIS UpdatesDIS email updates
Register Chat FAQ Tickers Search Today's Posts Mark Forums Read





Reply
 
Thread Tools Rate Thread Display Modes
Old 02-27-2013, 06:50 PM   #1
BuffaloJim
Mouseketeer
 
Join Date: Feb 2012
Location: Buffalo, NY
Posts: 103

Just purchased 22 square feet of OKW!

Well, actually we bought 220 points, but the way it works out at OKW, each square foot costs almost exactly 10 points, so in reality we purchased 22 square feet of living space. For those so inclined, the math is at the bottom of this post.

We passed ROFR yesterday at $57 per point. The seller was asking $58 and I was willing to pay it, but the sales rep talked me into offering slightly less. Actually I was willing to pay up to $60 a point for somewhere around 200 points. What I really did not want was to offer a low amount, have it accepted, and then have Disney ROFR it. I’ve made the decision to purchase DVC, I did not want to have to spend multiple months, and go through several ROFR processes to do it. Now if I was buying an add on, things would be different. I would be willing to put in a low bid, and if it got refused or ROFR’d, who cares. I would just attempt to buy another property. But for the first one, I wanted to buy it now and not have to wait.

A few random notes about our purchase and why we chose OKW…

OKW has reasonably priced grand villas. We’re a big family, and I would like to stay in a grand villa eventually. OKW seems to be the only WDW property we could occasionally afford with 220 yearly points. And when I decide I want to stay in one, I don’t want to have to wait until the 7 month mark and hope they’re still available.

I wanted a property that expired in 2042. I’ll be 79 then, and though I expect to be in decent shape and still vacationing, I won’t have to worry about what to do with the property – I just won’t own it anymore.

I have a feeling that over the long haul, the annual dues at OKW are going to remain more reasonable than some of the other properties. I have little hard or even empirical data for this, it’s just a gut feeling.

I like OKW. We’ve never stayed here, but it looks nice, the foliage is fully grown, and the rooms are very large. And like I said we’re a big family; normally we’ll be staying in a 2BR. Of course, we probably won’t always stay at OKW – I definitely want to mix it up. As it stands now, the only villas we stayed at are at AKV, which I also like. But AKV expires in 2057 and I think the care for the animals will eventually drive the dues up.

When my wife and I honeymooned at WDW in 1994, I think the price of DVC (OKW) was about $60 a point. Amazingly, that’s the price it still is. We probably should have purchased then. But I was newly married, starting a new job, and completely unsure of our finances. Well, we missed out on 20 years of DVC, but it’s nice to know that the bottom hasn’t dropped out on the price of resale DVC properties over the years.

I wanted a December UY. I think we’ll often be traveling over February break while the kids are in school. And eventually, my wife and I will probably be there in the winter. So December works well. In addition, the December UY allows us to use 4 years worth of points during the week after Thanksgiving. This could be needed when we’re renting a GV, and Thanksgiving is when I’d like to bring my BIL and his kids.

I expect to often have a car with us when we’re here with the kids, so OKW’s more “condo-like” construction with nearby parking is actually a bonus.

My ideal purchase would have probably been 160 points at OKW (Dec UY) and 50 at BWV (Oct UY). I’d still like to eventually do a small add on at BWV, but I can wait – I’m in absolutely no hurry.

The bottom line is we’re happy with the purchase and looking forward to spending numerous vacations at WDW over the next few decades.

Now I just have to figure out exactly where our 22 square feet are.

******************

There are a total of 7,678,935 points allocated to OKW. There’s also 771,315 square feet of living space. This equals 10.0 points per square foot. The square footage breakdown is as follows: 274 2-bedrooms at 1410 sq ft, 230 lockoffs at 1395 sq ft, and 27 grand villas at 2375 sq ft. I got the square footage numbers from the DVC Resources Center stickie. Other sites give slightly different figures, but they don’t really change the points per square foot value.

For those interested, the other WDW properties are as follows: BLT-16.3 pts/sq ft, BWV-16.1 pts/sq ft, VWL-15.9 pts/sq ft, SSR-15.2 pts/sq ft, BCV-15.9 pts/sq ft. I did not figure out AKV because of the huge variances in the number of specific types of rooms and their square footages. I spent less than a total of 10 minutes figuring out all of these, but doing AKV would have required significantly more work. A really quick estimation seemed to show that AKV was probably around 15 pts/ sq ft. It’s not surprising that OKW is the lowest, but what is surprising is that all of the other DVC resorts are approximately the same number of points per square foot. None of this, by the way, had any bearing on my resort decision. I calculated these values while I was in ROFR.
BuffaloJim is offline   Reply With Quote
Old 02-27-2013, 07:00 PM   #2
Illini Al
Mouseketeer
 
Join Date: Feb 2010
Location: Illinois
Posts: 97

Nothing gets past you!

Congrats and enjoy your 22 sq ft.
If I'm ever there using it when you're not, I'll keep it clean.
Illini Al is offline   Reply With Quote
|
The DIS
Register to remove

Join Date: 1997
Location: Orlando, FL
Posts: 1,000,000
Old 02-27-2013, 07:05 PM   #3
MickeyFan612
Mouseketeer
 
MickeyFan612's Avatar
 
Join Date: Jun 2011
Location: Knoxville, TN
Posts: 415

DVC Gold Member
Paid DVC Rent/Trade
Gold Membership

congrats on your 22 sq feet=)
MickeyFan612 is offline   Reply With Quote
Old 02-27-2013, 07:21 PM   #4
heynowirv
DIS Veteran
 
heynowirv's Avatar
 
Join Date: Dec 2008
Location: Cheltenham, Pa.
Posts: 765

WOW!!!! That means i own 19 sq/ft OKW and 5.6 sq/ft of SSR !!YAY!!!!
thanx BuffaloJim
heynowirv is offline   Reply With Quote
Old 02-27-2013, 07:39 PM   #5
a742246
older than dirt
 
a742246's Avatar
 
Join Date: Feb 2008
Location: Vermont
Posts: 1,012

You are really going to enjoy OKW. Good luck on your 22 sq feet!
a742246 is offline   Reply With Quote
Old 02-27-2013, 08:33 PM   #6
DizBub
Totally Addicted
 
Join Date: Dec 2010
Location: Washington, IL
Posts: 1,827

This is fun!!

We own 50.53 square feet at BLT and 25.44 square feet at BCV.
DizBub is offline   Reply With Quote
Old 02-27-2013, 08:47 PM   #7
cfw213
DIS Veteran
 
Join Date: Jun 2011
Posts: 844

Fun thread! I own a whopping 10.5 square feet at SSR!
__________________
me DH Oscar Jess (DSister)

September 2012 TR - COMPLETE- Are you Push?? Our sister trip around the World - A September 2012 TR
October 2013 TR - IN PROGRESS- Where are we going? What are we doing? An engagement/anniversary extravaganza! - An Oct 2013 TR

cfw213 is offline   Reply With Quote
Old 02-27-2013, 08:49 PM   #8
rmcildw2m
Mouseketeer
 
rmcildw2m's Avatar
 
Join Date: May 2006
Location: Summerfield nc
Posts: 486

kinda neat way to think about things .
__________________
[img]http://www.mickeypath.com/id/1334991637.jpg
]url='http://www.mickeypath.com/']
rmcildw2m is offline   Reply With Quote
Old 02-27-2013, 08:57 PM   #9
WebmasterDoc
Administrator
 
WebmasterDoc's Avatar
 
Join Date: Aug 1998
Location: Indiana
Posts: 30,507
DISboards Administrator

Your deed will be reflected in terms of ownership at a specific "unit". When OKW opened, a "unit" was a specific building and your ownership will be described as a precise component of that "unit". If your "unit" #34, you own a percentage of Building 34. The percentage could be a storage area, stairway, foyer, laundry room, Master BR or any other area of that specific Building ("unit").

The % may actually vary at other resorts although the percentages are all based on square footage, most of the other Resort "units" may not refer to a specific building.

Welcome Home!
__________________
Doc
WebmasterDoc is offline   Reply With Quote
Old 02-28-2013, 10:07 PM   #10
Pirate Granny
DIS Veteran
 
Pirate Granny's Avatar
 
Join Date: Sep 2007
Location: Michigan
Posts: 930

We bought same amount of points so we could do GV also...it will take my dec 2012 points banked into DEC 2013 and borrow 2014...for our stay in June 2014...which is why we added on at the BCV so we use those points for our 'other stays', for just hubby and I.
__________________
Pirate Granny is offline   Reply With Quote
Old 03-01-2013, 12:05 AM   #11
mlittig
DIS Veteran
 
mlittig's Avatar
 
Join Date: Apr 2009
Location: Northern Massachusetts
Posts: 5,359

Congrats
__________________



5/87 Polynesian 5/90 Polynesian 12/02 Off site 8/08 French Quarter 6/09 French Quarter 8/09 All Star Sports 4/10 French Quarter 12/10 Old Key West 4/11 Old Key West 8/11 Pop 9/11 Pop 4/12 Old Key West 8/12 Old Key West 4/13 Old Key West 8/13 Old Key West 4/14 Old Key West 8/6/14 Old Key West
mlittig is offline   Reply With Quote
Old 03-01-2013, 06:13 AM   #12
luckyman_apd
DIS Veteran
 
luckyman_apd's Avatar
 
Join Date: Nov 2010
Location: NJ
Posts: 1,290

Darn it.....I only own 7.66 sq ft at BLT
__________________
Coronado Apr 2009, BLT Feb 2011, SSR June 2011, DLR June 2012, BLT Nov 2012, OKW Mar 2013, SSR Aug 2013, BLT Dec 2013, BLT/BCV July 2014
Me DW DD(8)DS(4)
luckyman_apd is offline   Reply With Quote
Old 03-01-2013, 06:20 AM   #13
ABE4DISNEY
DIS Veteran
 
ABE4DISNEY's Avatar
 
Join Date: Feb 2009
Location: Too far from the magic!!!
Posts: 616

Home!!!
__________________
DH, DW, DS12, DD8


ABE4DISNEY is offline   Reply With Quote
Old 03-01-2013, 07:47 AM   #14
MinnieVanMom
DIS Veteran
 
MinnieVanMom's Avatar
 
Join Date: Mar 2008
Posts: 5,485

We also bought a resale before the new rules and we picked OKW because of the mature foliage and large room, also at that time it was the lowest point usage. We started with a mere 190 point so every one of them we value. We like to feel like we are in Florida, not upstate NY, but Florida, Jimmy Buffet, old large trees and boats to DTD.

I am happy that others don't like OKW very much, all the more for us to enjoy.

Congrats on your 22 sq feet and welcome home.
MinnieVanMom is offline   Reply With Quote
Old 03-01-2013, 11:48 AM   #15
1153rsmith
DIS Veteran
 
1153rsmith's Avatar
 
Join Date: Apr 2009
Location: Bear Creek, NC
Posts: 1,307

You will love OKW. We are RCI owners but we have exchanged into OKW twice in the past few years. Also, my wife and I stayed there on our honeymoon in 1995 when it was called the Disney Vacation Club. (I wish I had sat through a sales presentation and bought then.)

The staff there is fantastic, the rooms are the largest of any DVC resort, and the grounds are beautiful. I really like being able to park at my front door too.

We hope to one day own DVC, and OKW will definitely be on the list to consider.
__________________
Senior Trip-off site-April 1985 |Honeymoon -OKW- December 1995 | First Trip with kids - OKW- September 2009 | Trip for DD B-day --AKV- May 2010 | Trip for DS B-Day-OKW-Sept 2011 & 3 Day Disney Dream Cruise | Magic 5 Night Key West-April 2012 | Our First Christmas Party-November 2012 | Mexico cruise on the Wonder-April 2013 | VWL - September 2013 | HHI & BWV for SWW-June 2014
Cast of Characters: DH DW DS (15) DD (12)

1153rsmith is offline   Reply With Quote
Reply



Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

DVC-Resales.com | 1-800-550-6493 (Contact The Timeshare Store) | DVC Resale Listings

facebooktwittergoogle plus youtube itunesDIS Updates
GET OUR DIS UPDATES DELIVERED BY EMAIL



All times are GMT -5. The time now is 03:54 PM.

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.

Copyright © 1997-2014, Werner Technologies, LLC. All Rights Reserved.