Choosing Your Home Resort - What to Consider?

Discussion in 'Purchasing DVC' started by DVC Mike, Apr 18, 2009.

  1. DVC Mike

    DVC Mike DVC Co-Moderator Moderator DIS Lifetime Sponsor

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    CHOOSING YOUR HOME RESORT

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    One of the first decisions a prospective Disney Vacation Club member has to make, after deciding to buy into DVC, is which resort they should purchase and make their home resort. DVC members who wish to add-on face the similar issue of choosing which resort to add-on points at.

    DVC members can book their home resort(s) up to 11 months prior to the check-in date, while being able to book other DVC resorts only 7 months prior to check-in date. This 4-month booking advantage is important for certain high-demand periods or certain room types. An example is the concierge rooms at AKV.

    Prospective DVC members may not be aware that they are not limited to just the resorts that DVC is actively marketing, but that it is possible to buy into any of the DVC resorts, even the older “sold-out” resorts. You can buy these resorts on the resale market, as well as direct from Disney (once you convince your guide that you simply are not interested in the resorts DVC is actively marketing).

    FACTORS TO CONSIDER

    Now, what factors should one consider in choosing their home resort? People consider a wide range of things when deciding to choose their home resort. This includes (in no particular order):

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    Everyone’s personal tastes and individual preferences are different. Some may value certain factors more than others or not at all.

    PURCHASE PHILOSOPHY

    In addition to these individual factors, there are a few popular philosophies that you’ll hear from DVC members.

    The most popular philosophy is Buy Where You Want to Stay. If you really love a particular resort, then buy into it. There are some people who have a particular fondness for a resort and really want to stay at that particular resort, and they would be unhappy if they were not able to book there. These folks should buy where they want to stay, provided that they can reliably plan and book to take advantage of the 11-month home resort booking advantage.

    If a specific resort (theme/style, location, villa type and/or view) is really important to you and you can take advantage of the 11-month home resort booking advantage, then buy into that resort. The need for the home resort booking advantage varies by resort, villa type, view and time of year that you most often vacation.

    If you don’t have a particular fondness for a certain resort, or if you’re not a planner and anticipate always booking at the 7-month window (or less), then one of the next two philosophies may be best for you.

    One alternative philosophy states Buy Where You Wouldn't Mind Staying. This view states that people should avoid buying at a resort that they really wouldn't be happy staying at. Since the resort you buy into will be your default location should your other options fall through at the 7-month window, you should pick a resort that you would wouldn’t mind staying at; i.e., it would not make you unhappy.

    Finally, others promote the idea of Buy the best deal; that is, whatever resort has the lowest overall cost. If any resort is fine, then buy where you get the best overall deal for total cost of ownership. Recognize that the variables for that depend on purchase cost (price, closing costs and finance charges), annual dues, expected length of ownership and likely resale value upon disposition. Keep in mind that any savings in upfront purchase cost will probably be offset by the difference in maintenance fees.

    To see a poll of others decided, see What was your purchase philosophy when choosing your home resort(s)?

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    WHY OWN MULTIPLE HOME RESORTS

    Some members may decide to purchase at more than one resort, giving them multiple home resorts. Typically, the reason is that the owner wants the 11-month booking advantage of the Home Resort Priority Period in order to make it easier to get the resort they want, at the time they want, with the accommodations they want. This reduces any possible frustration at the 7-mo window, wait-listing, or having to “settle” for another reservation while missing out on the one you really had your heart set on.

    Keep in mind that if you have more than one home resort, all vacation points being used to make a reservation during the Home Resort Priority Period must be associated with that home resort. That is, you cannot combine points from multiple resorts to book one resort during the Home Resort Priority Period. You may combine all the points you have at all your home resorts and book any DVC resort only at the 7-month window.

    If you own 150 points at BLT and 200 points at VGF, for example, you can use those 150 BLT points to only book BLT 11 months in advance, and those 200 VGF points to only book VGF 11 months in advance. You could not, however, combine your points 11 months in advance to have 350 points to stay at either resort - you must wait until seven in advance to do so.

    Some folks purchase small add-ons at other resorts and then, by banking and/or borrowing, book a vacation there at the 11-month window every 2 or 3 years.

    WHICH WILL YOU CHOOSE?


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    Last edited: Aug 20, 2015
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  3. dianeschlicht

    dianeschlicht <font color=blue>DVC-Trivia Contest, Apr-2006: Hon

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    As usual Mike, a very well thought out post! Good advice for ALL those new and prospective members.:thumbsup2
     
  4. CarolAnnC

    CarolAnnC <font color=blue>Caught Smuggling Jello Shot Syrin

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    When I first bought in 1997, The Disney Vacation Club consisted of one resort - that being Old Key West. Sure did make life more simple in choosing home resort, lol.

    That being said, I made my subsequent purchases based on the following criteria:

    1) first purchase of course, OKW

    2) Next came my Vero Beach contract. This was a resale loaded with points and a subsidized MF contract, as well. Loved Vero and use this contract for my cruising habit as well.

    3) BWV followed. This purchased was dictated by the fact that I had tried several years of waitlisting for early December without any luck at all. Bought this in order to ensure my ressies in the future for that time period.

    4) BCV - I cruised on the first DVC Member Cruise and they were offering BCV which was brand new at the time. I knew there were limited amounts of points to be sold, and went with this as an add on. The incentives were fantastic, and it has proven to be a wise decision.
     
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  5. disney4metoo

    disney4metoo Mouseketeer

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    Great information Mike!
     
  6. duffy

    duffy The Tag Fairy did not give me this tag...I wrote i

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    What's an extract bathroom?
     
  7. Goofy's apprentice

    Goofy's apprentice DIS Veteran

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    Thanks Mike for a very comprehensive and objective post. You have laid out all the various concerns very well.
     
  8. JimC

    JimC DVC Co-Moderator Moderator

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    Good post. My advice is to "Buy based on what's most important to you".

    You might want to edit the remaining years to mention that OKW can have two different expiration dates depending on whether the extension is included.
     
  9. mopee3

    mopee3 Mouseketeer

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    For all you people who have lots of points, been around a while, and have lots of posts, do all your contracts have the same UY?

    Moe
     
  10. 5forDiz

    5forDiz DIS Veteran

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    Excellent info Mike ! :goodvibes
     
  11. DVC Mike

    DVC Mike DVC Co-Moderator Moderator DIS Lifetime Sponsor

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    All my contracts have the same UY.
     
  12. MomsOf2boys

    MomsOf2boys <font color= deeppink ><marquee>Has obsessive fing

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    So very well said! I did just that when i purchased last year and have not looked back. But it is addicting... now looking at BLT in a new light and thinking....hmmm....maybe...
     
  13. dianeschlicht

    dianeschlicht <font color=blue>DVC-Trivia Contest, Apr-2006: Hon

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    LOL! That is a funny typo!:rotfl:
     
  14. crisi

    crisi DIS Veteran

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    Add "Sentimental Reasons" - some people feel a strong attachment to the resort they spent their honeymoon at - or the one they first took the kids to.

    My adivice is to make a matrix of all the attributes and rank them - zero to ten - ten being most important to you - zero being the things you can't understand why anyone would care about. Then score each resort against the attribute - and this is completely subjective for a lot of these attributes. Then multiply the weight by the score, add them up - and the highest ranking resort is "home" - unless you look at the result and say "darn it - I was hoping for VAKL" - in which case you have learned where your heart lies.
     
  15. Opie100

    Opie100 <a href="http://www.wdwinfo.com/dis-sponsor/" targ

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    Terrific post! Very much appreciated. I would like some specifics on the above statement - using examples of what gets fixed at a cash resort but more-or-less ignored at a DVC resort.
     
  16. duffy

    duffy The Tag Fairy did not give me this tag...I wrote i

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    Ok, so it is a typo? I thought maybe it was, but then I thought ok, I can see adding one extra letter mistakenly, but 2, that just happen to make a totally different word? Then I started thinking of all the different terms I still don't understand, like a "lock off" unit, and I just couldn't take it any more!! I had to know! What's a lock off unit??? What's an extract bathroom??!

    By the way, what's a lock off unit?
     
  17. dgaston

    dgaston Proudly wears a "Believes in Fairies tshirt"

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    DVCMike: Great thoughtful post

    duffy: (that was our son's imaginary friend btw) A lock-off is a room that can be split into a 1 br and a studio with connecting doors; each area has an entry door into the room. A dedicated 2 bedroom consists of a master bedroom and another bedroom with either 2 Qs or a single Q and a pullout sofa depending on the resort. There is only one entry door.

    HTH
     
  18. duffy

    duffy The Tag Fairy did not give me this tag...I wrote i

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    Thanks!
     
  19. RLRDA

    RLRDA Go Sox!! Go Pats!!

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    Too bad the DIS couldn't make this a "sticky" (is that what it's called?) so that it's always on the top of the first page for easy reference. I think it hits the nail right on the head, DVC Mike. :thumbsup2

    The DVC DISboards are really invaluable to potential members who want answers to their questions from people who've "been there, done that".
     
  20. islandtimect

    islandtimect DIS Veteran

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    This is great! I'd like an add-on at BLT. But after comparing point charts for the times we travel, we'd get 1 more night at our home resort, AKV than BLT and that's worth much more to us than the lower MFs. That makes sense, right?
     
  21. circhead

    circhead Mouseketeer

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    DVC Mike - Thanks for the info. I am hoping to be able to add on in the next year or two and will refer to your well organized "How to" when doing it.

    It raises all the questions my head has but my heart always rules where Disney is concerned.
     

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