Add Ons @ Other DVC Properties

[bcvillastwo]

I'm not really looking to add on at another property but I am curious how it works. Here is my hypothetical situation. A person owns 300 points at BWV but adds on 100 at WLV. I think I'm clear about needing to own points at the resort you want to stay out because that lets you make reservations at the 11 month window. But, and here is the crux of my question) if a person owned 100 points at WLV and they made reservations in the 11 month window, would I be correct that they could only use the 100 points they had at WLV and that in the 11 month window they could not use any of the 300 points they owned at BWV?

If this is true, then it would seem that if someone wants to take advantage of buying points at another location and so they could make reservations at the 11 month window they would need to make sure they would have enough points to cover the type of unit and length of stay or they would have to borrow points from the next year.

Is my understanding anywhere near correct?

Thanks

 

[BRADI98]

You are partly correct. Remember that you could borrow from next years points at this resort. So in your example of 100 points you could borrow and use 200 points at the 11 month window for whatever accomodations you could get with 200 points. At the 7 month window then all points you have can be used (i.e. multiple contracts)

 

[jaysue]

Would it generally make sense to say:

Only own at two properties (or more) if you expect to vacation twice or more in the same 12 month period?

OR

If you get enough points to bank and/or borrow so that every 2 or 3 years you stay at your "secondary" property - for example if I wanted a Beach Cottage at VB I would buy enough points that multiplied by 2 or 3 would be sufficient to allow me to book a BC.


Thanks
jaysue

 

[BRADI98]

Jaysue, good point. I forgot about banking. Then in this example you could have 300 points at 11 month window. I would agree with you as making the add on if small, a secondary home from home. As you put it so nicely.

 

[InstImpres]

The other advantage I learned about is the banking advantage. If you wait until the 6 month window, where you can only bank 50% of your points it is 50% of total, not 50% of each resort. This assumes both contracts have the same use year.

So if you have 300 BW and 100 WL at the 6 month window you could bank 200 BW points.

Hope this makes sense,
Sandy

 

[Granny]

bcvillastwo....you have a good grasp of the situation, I think. And with banking and borrowing, you can make that work.

We own at two "homes", but we tried to buy exactly the same amount of points on the resale market for BWV as our original VWL points. We were pretty successful.

So now we will just alternate locations each year....banking the points from the "home" we don't use. By doing this, we stay longer and have upgraded to a 2BR as our accommodation.