Current AKV price?

[sajetto]

I know that the DIS is the last place I should go to talk myself out of further DVC purchase, but my husband and I are curious about the current cost of AKV. We are 23 and 27 years of age and have no children. We already own 300 SSR points and we've done pretty well with that amount. We NEVER thought we'd ever have any need to add on, but since we have no debt we thought it might be nice to provide larger vacations for ourselves and our family.


So, now we're thinking of adding on another 300 points. Is that just way too many to have a total of 600? We would like to the a GV in the summer every 2-3 years and a 1 or 2 bedroom for Christmas week. Is another 300 just too much to bite off? Should we just add on a few now and wait for other resorts? We are just SO confused.

After that long winded question. What exactly is the cost of AKV? Since that is the newest resort I figured it would be the easiest to buy into rather than going resale.

 

[ADP]

Hi Sajetto -

The current price per point for AKV is $101 for current DVC members. Not to rush you, but he price goes up to $104 per point on June 5th. I think there is still an incentive of $8 per point for purchases of 100 points or more. I'm not sure if that incentive is still active or if it is no longer available. That would bring the price down to $93 per point. Someone else may know, or you can contact your guide.

Non-members are paying the $104 per point today.

 

[hellerjw]

I believe ADP is correct. The current incentive for members is $93/pt ($101 - $8 discount) for 100 pts or more which is supposed to expire on June 5th.

New members have the option of 2007 developer points or $96/pt ($104 - $8 discount)

As for adding on 300 vs. a smaller amount that's really up to you. The maintenance fees at AKV are higher (approx. $4.62/pt) so a 300 pt contract would run $1386/year in dues. If you can handle the intial buy-in, the additional dues and like AKV I say go for it.

If you could break it up into 2 smaller 150pt contracts it may be easier to resale should you ever need to do that. They say smaller contracts go faster than larger ones. Given that the AKV contracts don't expire until 2057 it would easier to will separate contracts to potential children. Since you both would be in your 70s by then that may be a consideration. Also, I would think having all contracts on the same UY would be easier to manage, but it isn't a requirement.

Regardless, I would love to be in the position of having to figure out how to use 600 pts each year

 

[kespo]

I believe ADP is correct. The current incentive for members is $93/pt ($101 - $8 discount) for 100 pts or more which is supposed to expire on June 5th.

New members have the option of 2007 developer points or $96/pt ($104 - $8 discount)

As for adding on 300 vs. a smaller amount that's really up to you. The maintenance fees at AKV are higher (approx. $4.62/pt) so a 300 pt contract would run $1386/year in dues. If you can handle the intial buy-in, the additional dues and like AKV I say go for it.

If you could break it up into 2 smaller 150pt contracts it may be easier to resale should you ever need to do that. They say smaller contracts go faster than larger ones. Given that the AKV contracts don't expire until 2057 it would easier to will separate contracts to potential children. Since you both would be in your 70s by then that may be a consideration. Also, I would think having all contracts on the same UY would be easier to manage, but it isn't a requirement.

Regardless, I would love to be in the position of having to figure out how to use 600 pts each year

Hellerjw- This is Great Advice-

Sajetto- If you can I would definitely break up the contracts. You can even do (3) 100 point contracts or (6) 50 point contracts. It is more paper work for your guide but, if you need to ever sell points you could choose how many you wanted to sell instead of selling all 300. Also, if you do have children it is great to be able to leave each one their own contracts. Good Luck in whatever you choose.

 

[wonka27]

I don't know what your financial situation is, nor is it my business, but at 23 & 27 it seems aweful ambitious to own 600 points. That being said, if you can afford it and you want it, why not. I'd be careful not to paint yourself into a corner by having something that could become a burden down the road. Remember those MF will only get higher and I'm sure your family situation will grow as well with time

What I'm trying to say is make sure you look at this real well from a financial standpoint. Try to see the future and make sure it will make financial sense as life goes on.

Good luck with your decision...

 

[sajetto]

I don't know what your financial situation is, nor is it my business, but at 23 & 27 it seems aweful ambitious to own 600 points. That being said, if you can afford it and you want it, why not. I'd be careful not to paint yourself into a corner by having something that could become a burden down the road. Remember those MF will only get higher and I'm sure your family situation will grow as well with time

What I'm trying to say is make sure you look at this real well from a financial standpoint. Try to see the future and make sure it will make financial sense as life goes on.

Good luck with your decision...

If its not your buisness as you say why ask? I have paid for EVERYTHING in my life with cash including my house and I have enough to do this in the same way with more than enough left over to worry about other things down the road. So don't worry about us. I'd say you should be worried about the rest of Americans who live on credit

 

[sajetto]

Hellerjw- This is Great Advice-

Sajetto- If you can I would definitely break up the contracts. You can even do (3) 100 point contracts or (6) 50 point contracts. It is more paper work for your guide but, if you need to ever sell points you could choose how many you wanted to sell instead of selling all 300. Also, if you do have children it is great to be able to leave each one their own contracts. Good Luck in whatever you choose.

We were actually wondering about 50 point contracts, but thought that they wouldn't allow us to break it into that many. Do you think it will be an issue?

 

[rbl291]

I can see absolutely no upside to owning 1 large contract.
When we bought DVC we were not aware you could buy multiple contracts at the same time, rather than one big one. (ok so we did buy in a last day, got to get to the airport rush, but still the guide should have expained our options better). In that ever clearer hindsight, we sure wish we had purchased multiple contracts for the flexibility it allows you. IF you need to sell some points, smaller contracts go much quicker. IF you want to give contracts to kids, you can just divvie them up. IF you wanted to sell off some older contracts to take advantage of newer, longer home resort contracts, smaller ones allow that much easier. IF you want multiple home resorts, a few smaller contracts allow that.... Not that we are planning on any more, but IF we were. I would buy in multiples of 100 or less from now on!

 

[sajetto]

Here's an off the wall question. I don't have my DVC book with me because it was packed away in a recent move? Does anyone have a rough estimate of the point cost for DCL cruises? Biting off this many points is sure to give us too many for a few years where family won't be able to travel with us. Would this be a good way of using unused points instead of renting. (I did that before, and didn't like the hassle that some renters were.) I really had a couple of great renters, but a few were just a PAIN.

 

[dianeschlicht]

Here's an off the wall question. I don't have my DVC book with me because it was packed away in a recent move? Does anyone have a rough estimate of the point cost for DCL cruises? Biting off this many points is sure to give us too many for a few years where family won't be able to travel with us. Would this be a good way of using unused points instead of renting. (I did that before, and didn't like the hassle that some renters were.) I really had a couple of great renters, but a few were just a PAIN.

You could easily eat up all 600 points in a very short time with the cruise. Even during non-peak times, a 7 night cruise is anywhere from 140-271 points per person.

 

[dianeschlicht]

I just wanted to add that if I were doing it, I would not buy any contract much over 100 points. Breaking it down to 100's or 50's is best. We had 230 and 150 on each of our first two contracts, and if we decided to sell, we could get significantly more per point on a smaller contract than either of those. We even went one step farther and figured out our AKV points planning on banking and borrowing. We are trying to keep maintenance costs down, because we are quickly getting to the point of retirement.

 

[sajetto]

Thanks for jumping in to help Diane. If you don't mind me asking, how many total do you own now? Do you think that 600 is just too many to use? Has it been difficult to find ways of using those you have or do you just let your family use a lot of them?


I REALLY wish we could just do a lot of OKW points. WE LOVE it there, but when we divided up the buy in costs compared to the years left. It doesn't make as much sense for us to buy in there. However, I could turn out to be totally wrong if AKV dues go sky high.

 

[wonka27]

If its not your buisness as you say why ask? I have paid for EVERYTHING in my life with cash including the house I just bought and I have enough to do this in the same way with more than enough left over to worry about other things down the road. So don't worry about us. I'd say you should be worried about the rest of Americans who live on credit

I'd like you to reread my post and quote where I asked you anything...

I think you are nothing more than full of yourself and like to toot your own horn.

Why ask questions if people aren't allowed to give honest answers without ridicule. Remember you asked if another 300 was biting too much off. I just tried to answer the question.

 

[sajetto]

I'd like you to reread my post and quote where I asked you anything...

I think you are nothing more than full of yourself and like to toot your own horn.

Why ask questions if people aren't allowed to give honest answers without ridicule. Remember you asked if another 300 was biting too much off. I just tried to answer the question.

I would NEVER ask a bunch of DISers for advice on my money. That question was specifically if it was too many to be able to use.

Sounds like you are taking MUCH more offense than I.

 

[weathernlu]

If its not your buisness as you say why ask? I have paid for EVERYTHING in my life with cash including my house and I have enough to do this in the same way with more than enough left over to worry about other things down the road. So don't worry about us. I'd say you should be worried about the rest of Americans who live on credit

Ouch, harsh. Speaking from experience, that is someone that is in your age group, I have to agree with what that poster said. Are you guys wanting kids? You think DVC is expensive!

I am just saying, don't be in a rush to add on. We were at first too. We bought in when we were 26, and had a young daughter. Now we have a pre-teen (she's 6, trust me on this one) and a 3 year old son and they love Disney, so DVC was the right thing to do. I would just say that you might not want all your eggs in one basket. You never know you might want a Porsche!

600 points is a LOT of points, but by no means am I telling you it's a bad idea. If you got it, ($$$$) flaunt it. If you do add on, without a doubt, do not do another 300 point contract. The smaller the better, as many have said.

 

[dianeschlicht]

Thanks for jumping in to help Diane. If you don't mind me asking, how many total do you own now? Do you think that 600 is just too many to use? Has it been difficult to find ways of using those you have or do you just let your family use a lot of them?


I REALLY wish we could just do a lot of OKW points. WE LOVE it there, but when we divided up the buy in costs compared to the years left. It doesn't make as much sense for us to buy in there. However, I could turn out to be totally wrong if AKV dues go sky high.

We have 439 points, and we use all of them ourselves. I've never had to rent any out and mostly use banking and borrowing well.

 

[sajetto]

Guys I appreciate the concern really I do, and weathernlu you put it in words much better, and I know its hard for some people to believe, but there are some people in the world who are in different situations than the norm. I'm just an odd ball in society due to some decisions and investments made in the past.

 

[sajetto]

We have 439 points, and we use all of them ourselves. I've never had to rent any out and mostly use banking and borrowing well.

Well, that makes me feel better about it.

 

[weathernlu]

Guys I appreciate the concern really I do, and weathernlu you put it in words much better, and I know its hard for some people to believe, but there are some people in the world who are in different situations than the norm. I'm just an odd ball in society due to some decisions and investments made in the past.

And that's awesome! Believe me, I wish I was in your boat. I'm not though, I am one of those credit card people you spoke of! Just kidding. Seriously though, as long as you break the contracts up and the money is not an issue, go for it. If you do three 100 point contracts you can always sell them if you realize it's too much and there is always renting them on the Rent/Trade board if you want to hold on to them but can't use them. We sold our points in 2005 on there because we got blasted by Katrina and Disney World just wasn't in the cards. There's always options, you know.

 

[sajetto]

You're right. There are options and we'll seek them out. I think that if it is too many points I'll probably give one or two contracts to my sister and reserve all others for any future children, that is if we are able to have any in the first place.


BTW, I am sorry about your situation with Katrina. I don't wish that on anyone.