Add on concern

[off to neverland]

We just bought 150 points at SSR, with the plan that in a few years we would add on another 150 points, as our kids would be growing and we would want larger accomodations at more popular times of the year, such as spring break.

I would like both kids to inherit one of the point packages, and am thinking that we will need to make sure both point packages expire at the same time, so that one kid isn't robbed of the 14 or so extra years that SSR has over the other resorts. So for now that means that when we add on, resales at resorts other than SSR are out of the question.

Which leads to my dilemma..... Disney is offering the $10 off per point, as well as the 2 annual passes. This seems like a good deal. In three years, do you all think Disney will be starting another DVC resort? Is this the plan? If not, we'll end up buying an SSR resale, and I can't imagine we'd save that much buying in three years, when you figure the free annual passes in.

Truthfully, I'd rather have two separate home resorts (that expire at the same time) at 150 points each, and moneywise, it would be easier to swing another purchase in a few years (though we could make it work now.)

Is this add on such a great deal or is this par for the course with Disney? Is it a once in a lifetime chance, or do you all think there will be another new resort in a few years with similar cost?

Thanks,
Rae

 

[RobDoc]

I don't know whether there will be another resort announced in three years or not (SSR's Phase 3 is expected to be completed in 2007- but I doubt the resort will be completely sold out by then) ... BUT ... this is the only time DVC has offered the free AP's. If that incentive will influence your decision, better not wait for and expect a similar offer in a few years.

The Magical Beginnings ($10 off per point) program has been around in some form for almost 10 years now (I don't recall the exact date it was offered in it's original form- where you were credited the cost of your current stay and applied first year points), but the AP offer is a first time event.

No suggestion has been made about how long this offer will last and if it would ever be offered again.

Good luck with your decision!

 

[spiceycat]

similar costs no - DVC has always increased the price.

will they built another DVC resort - my guess a big YES!!!

I am hoping for Cont!!! the Eagle Pines was surpose to be built next before WDW sold DI to DVC and it became SSR.

so if the Cont rumors are false - then I would say in a couple of years Eagle pines.

 

[off to neverland]

Okay, let's say DVC goes ahead with another resort after SSR. What kind of timeframe would we be looking at? Does anyone know or remember how many years between the start of one of the resorts to the start of the others? (I have no idea when any of them were built.) Was there a long grace period in between them, or did DVC start another right after the previous one was sold?

Just trying to figure out a potential time frame here. There sure are a lot of "ifs."

Rae

 

[tjkraz]

If sales continue at current levels, it will be 2007-2008 before SSR is sold out. It has historically taken 2 1/2 to 3 years from the announcement of a new resort to opening.

My guess is that it will be at least another year before any announcement is forthcoming. The "Eagle Pines" plans have been on the table for years now, along with the Contemporary rumors. DVC could have moved forward with either project earlier this year, but they instead chose to add 6 buildings to the original SSR plan. That tells me they are going to plan the next move very carefully.

Given the recent history of price increases, it's fairly safe to predict that points will enter the $120 range before SSR is sold. If the next resort happens to be the Contemporary, it's hard telling how high they might try to push those prices.

 

[Dean]

Don't micro manage. I'd agree with smaller contracts if there are little or no extra fees but wouldn't worry too much about buying simply to have them match in every way including end date.

 

[SSRex]

that the end date for the next resort will be the same as SSR is?

I know that BWV, VWL, & BCV all three have the same end date as the original resort, OKW, does, but is that a given for the next one?

 

[JessetheCowgirl]

I wouldn't stress too much about it.

There will always be purchase options in the future, even if only via the resale route.

And I'm another who is hoping the Contemporary rumor will someday come true!!

 

[B'rer Karen]

Originally posted by SSRex
that the end date for the next resort will be the same as SSR is?

I know that BWV, VWL, & BCV all three have the same end date as the original resort, OKW, does, but is that a given for the next one?

I think it is a safe bet it will be the same as SSR. It took 12 years for them to bump it out to 2054, so I don't think it will expire after SSR. But I don't see how they will be able to price the points at the level they are now (and I'm sure will be even higher by the time a new resort is announced) and go back to the 2042 expiration date. This would give you only 34 years at the resort if it opened in 2008. And I don't see them doing anything other than 2042 or 2054 as that's just too darn confusing at this point. But this is all just my thoughts on it. None of this is fact.

 

[disneyberry]

<font face="times" size="+0">Rae, how recently did you buy SSR? Have you closed already?

Just because what you could have done was when buying the original 150pts, you could've asked DVC to make it 2 separate contracts of 75pts each. So at least with the initial purchase, you split it perfectly even.

It'll be too late though, if you bought a while ago and have passed the deadline for making changes (is it 14 days? I can't remember).

Anyway, I do agree it's impossible to plan it so that you'll have everything evenly divided for your kids. Also, if what you truly want is two different home resorts, then buy what you want for yourself. After all, this is <i>your</i> purchase, and the passing it on to your kids later is more like an after thought. You never know, what if your children end up not liking WDW anymore? </font>

 

[Dean]

Originally posted by disneyberry
Just because what you could have done was when buying the original 150pts, you could've asked DVC to make it 2 separate contracts of 75pts each. So at least with the initial purchase, you split it perfectly even.

I believe this was an initial purchase and as such the initial min points must be 150. Thus for the original purcahse, DVC will not do two 75 point contracts. They would do two 150 or 150 plus any other size min of 25.

 

[disneyberry]

<font face="times" size="+0">Dean, well I admit, I don't know first hand, but I could've sworn that I've read about some other members who have done this, asking for an initial purchase to be split. I thought 75 + 75 would be okay mainly because it still meets the 150pts minimum purchase?
I think the example I read about here on the boards was someone asking for a 100pt and a 50pt contract as an initial purchase.</font>

 

[disney1193]

I was wondering if the 2 annual passes was a new deal, we have been speaking to DVC about possibly buying in soon & they haven't meantioned anything about that. Just thought I'd check.

 

[RobDoc]

Originally posted by disneyberry
... I thought 75 + 75 would be okay mainly because it still meets the 150pts minimum purchase? ...

The smallest initial contract thru DVC is 150 points and that contract can't be divided into smaller segments.

Smaller contracts are possible thru resale- which would then become the "master" contract for that member. DVC would then allow add-ons as small as 25 points- even though there is no 150 point contract.

Originally posted by disney1193
I was wondering if the 2 annual passes was a new deal, we have been speaking to DVC about possibly buying in soon & they haven't meantioned anything about that. Just thought I'd check.

The AP incentive is for existing members who purchase 130 (or more) points at SSR. I don't think that new purchasers are included in the offer- but would expect that if someone purchased a 150 point contract and a 130 point contract, they'd get the AP's.

Enjoy!

 

[off to neverland]

Thanks for all the great responses. This board is fantastic.

Regarding worrying about this being a fair inheritance for both kids, a few of you have said, "buy it for yourself because you don't know if the kids will even like it." True enough, but part of the attraction of DVC, for me, is the fact that my kids will get it someday. If they don't like it, they can sell it, give it away, ignore it, or whatever. I just love the idea of being able to give that to them after years of them enjoying it together with me and their father.

They are only 3 years apart, so I really feel that the packages need to be comparable. A 12 or 14 year difference in length is huge; one will be expiring when the kid is in his 50's, the other in his late 30's. Two completely different stages in life.

So for me, the packages have to be the same. And after all of the wise words of wisdom here about prices going up and the AP passes not being offered before (thanks, Doc!) I am all the more inclined to buy another 150 of SSR, as soon as I can convince my husband and work out the finances.

And, also, I plan to check tomorrow on if you can split an initial purchase of 150 into two parts. We haven't signed anything yet.

Rae