Annual dues and Hurricanes

Degli

DIS Veteran
Joined
Apr 6, 2003
Messages
711
If a serious hurricane were to hit HH, do the dues rise substantially for repairs? Is there a reserve put aside for this alone. I was considering a resale at HH soon. Am I being crazy? The dues are among the lowest now. What affects dues rates anyway? Upgrades, additions, repairs?
 
Our dues cover all costs of running the resort and DVC management.

Included are property taxes, housekeeping, maintenance, utilities, Member Services, recreational staff, landscaping, insurance and capital reserves fund.

In the event of a major event, insurance would cover the bulk of repair costs. There is a provision in our contract that covers a catastrophic loss for any resort. the capital reserve is used for major renovatino expenses (like a new roof, siding, replacing applianes, etc.)

If you are planning to stay at HH for most trips, by all measn purchase at that resort. If you intend to stay mostly elsewhere, purchase at that location. Dues can change in the future.

Good luck with your decision. :)
 















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