Thinking about purchase???

Discussion in 'Purchasing DVC' started by followme2disney, Feb 8, 2003.

  1. followme2disney

    followme2disney Mouseketeer

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    We are thinking about investing in DVC and we have a question. Are there monthly maintenance fees and yearly dues also? Had a friend that just purchased and talked about monthly maintenance fees - $50/month but no talk of annual dues. Trying to get clarification. Thanks! :D
     
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  3. kdonnel

    kdonnel DVC-BCV

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    When you buy from Disney you can opt to pay your annual dues monthly. They will direct debit your checking or savings account.

    If you buy a resale you are not given the monthly option until the second year of your ownership.

    The annual dues are actually charged by point. The more points you own the more annual dues you owe.

    A minimum purchase of 150 points at BCV will equate to about $50 dollars a month in annual dues. (150 points x $3.97 per point)
     
  4. followme2disney

    followme2disney Mouseketeer

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    Thank you so much for your quick response. We are getting really excited about this because we go to Disney twice a year and think this may be a way to save some money and get to stay at the nicer resorts. :D
     
  5. CaptainMidnight

    CaptainMidnight DIS Veteran

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    Absolutely. If your going that often, you should definitely check it out. There's more info at the FAQ link above and at:
    http://www.mouseplanet.com/dtp/dvc/
    ONe of your big decisions will be which resort to choose at your home resort, the place you plan to go the most often. Enjoy your exploration of DVC.
     
  6. Dean

    Dean DIS Veteran<br><a href="http://www.wdwinfo.com/dis

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    As long as you're not doing long weekends, it can be a great choice.
     
  7. Doug Wolfe

    Doug Wolfe Beach Club Villas/DVC Owner Since 2002

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    Also, don't forget you also pay a small amount for real estate taxes on an annual or monthly basis. Check with your accountant to see if you can deduct these tax payments!:bounce:
     
  8. followme2disney

    followme2disney Mouseketeer

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    Do you have an estimate on how much the real estate taxes generally cost?
    Thanks!
     
  9. Dopey13

    Dopey13 Disney Nut for Life

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    :jester:
    As a wise man once said "JUST DO IT"
     
  10. WDWguru

    WDWguru aka tivogirl, keeper of the live WDW webcams at ht

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    Real estate taxes are part of your dues. They are estimated every year, then the actual amount is calculated and any adjustments are made to the following year's dues. This year they had overestimated, so dues went down from the estimate. I don't know the actual amount offhand, but that portion of your dues may be tax deductable depending on your filing status. I do know you have to itemize.
     

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