dvc dues

[disneyman0943]

does anyone know what resort has the cheapest dues

 

[dianeschlicht]

Currently it's BLT, but that might because of subsidizing with new resorts.

Here is the history of all DVC resorts dues for the past 18 years.

Here is the history of DVC annual fees at all of the resorts:

Year OKW BWV VB VB(sub) HH VWL BCV SSR AKV BLT

2009 4.73 5.21 6.41 4.97 5.36 5.04 5.00 4.34 4.85 3.67
2008 4.56 5.04 6.04 4.71 5.16 4.87 4.80 4.21 4.71
2007 4.40 4.85 5.63 4.39 4.98 4.73 4.63 4.12 4.62
2006 4.24 4.69 5.27 4.12 4.34 4.61 4.48 3.98
2005 3.86 4.41 4.87 3.84 3.86 4.35 4.27 3.83
2004 3.68 4.25 4.67 3.67 3.70 4.22 4.18 3.80
2003 3.49 4.11 4.37 4.37 3.69 4.05 3.97
2002 3.22 3.92 4.17 3.33 3.49 3.80 3.77
2001 3.13 3.83 3.98 2.70 3.32 3.63
2000 3.16 3.94 4.07 2.87 3.25 3.62
1999 3.16 4.02 3.99 2.82 3.18
1998 3.17 3.94 ---- 2.76 3.20
1997 3.14 3.84 ---- 2.90 3.16
1996 2.99 3.70 ---- 2.82 3.16
1995 2.84
1994 2.70
1993 2.63
1992 2.56
1991 2.51

 

[icydog]

Very nice chart Diane.. Where did you get it?

 

[NorweJenNY]

What's with the two Vero Beach things? Why is there a VB(sub) that's so much cheaper going by dues? What's the difference?

 

[chalee94]

What's with the two Vero Beach things? Why is there a VB(sub) that's so much cheaper going by dues? What's the difference?

VB's original plan was for a larger resort (with dues expected to be smaller because they would be spread over more owners).

when DVC changed plans and made VB smaller, they agreed to subsidize the original owners to even things out based on what the owners were originally promised. new buyers don't generally get the subsidy (naturally because they already know what to expect).

 

[gkrykewy]

I made these for another thread, but I think it might also be interesting here:

 

[NorweJenNY]

Thanks for posting... very helpful graphs!

Does anyone know how MFs are determined?

 

[Chuck S]

Dues include estimated property taxes, as well as budgeted expenses for general upkeep and staffing, also a reserve fund to cover scheduled major unit rehabs (carpeting, roof replacements, new mattresses, etc.) There is also a management fee that goes to Disney of 12% of total dues. Members receive the proposed budgets for their prospective resorts in November or December, just prior to the annual meeting. Budgets are officially accepted at the meeting.

 

[5forDiz]

gkrykewy nice graph ! Thanks for taking the time

 

[gkrykewy]

No problem - I was interested too! I fixed the first graph, so now both work.

 

[backyardponder]

If you are looking at MF's to make a purchase decision, make sure you are also looking at how many points it takes to stay at a resort. For example, using 2009 point charts, for weeknight studio Magic Season:

BLT MK view: 22 points @ $3.67 = $80.74 (MF subsidized)
BLT Std view: 17 points @ $3.67 = $62.39 (MF subsidized)
BWV Std View: 11 points @ $5.21 = $57.31
OKW: 11 points @ $4.73 = $52.03
SSR: 13 points @ $4.34 = $56.42

No one knows for sure what will happen with BLT MF's. BWV Std view rooms are hard to get unless you own there and book right at the 11 month window. OKW & SSR rooms are fairly easy to get at the 7 month window. There are many, many factors to consider which resort you choose.

 

[FloFlo71]

If you buy VB resale do you pay full MF or the MF (sub)?

Thanks, Donna.

 

[DebbieB]

If you buy VB resale do you pay full MF or the MF (sub)?

Thanks, Donna.

It depends on what the original contract had, I believe it carrys over to the new owner.

 

[Sandisw]

If you are looking at MF's to make a purchase decision, make sure you are also looking at how many points it takes to stay at a resort. For example, using 2009 point charts, for weeknight studio Magic Season:

BLT MK view: 22 points @ $3.67 = $80.74 (MF subsidized)
BLT Std view: 17 points @ $3.67 = $62.39 (MF subsidized)
BWV Std View: 11 points @ $5.21 = $57.31
OKW: 11 points @ $4.73 = $52.03
SSR: 13 points @ $4.34 = $56.42

No one knows for sure what will happen with BLT MF's. BWV Std view rooms are hard to get unless you own there and book right at the 11 month window. OKW & SSR rooms are fairly easy to get at the 7 month window. There are many, many factors to consider which resort you choose.

Great point. There have also been members that bought BLT with the intention of staying there only occasionally, but to regularly trade out at 7 months to some of the resorts that are much less points, just for lower MF's and to get the contract that lasts longer than the others.

If this is someone's intent, then the point difference may or may not be an issue. And, my understanding is that the subsidy for BLT right now is only around $0.05--still bringing it lower than the rest of the resorts.

Of course, IMO, picking BLT as a home resort just because of MF's is a risky move, especially since your upfront costs are more. But, if you know you want to stay there it makes sense.

And, not all of the rooms at BLT are more expensive. For example, 2010 charts show a SV 1 bedroom at BLT is 272 a week, but so is a preferred/boardwalk view at BWV--272 a week.

While some may argue that the views don't compare, I think it still shows that you can stay in a 1 bedroom at BLT in Magic season for a week for the same number of points that you need to stay at a 1 bedroom at BWV during that same season. And, with the BLT 1 bedroom, you get 2 bathrooms and the ability to legitimately put 5 in the room.

For those that place less value on room view, BLT can certainly be a good choice.

 

[vellamint]

I asked the guide at the D to Dreams event today why BLT dues are so much cheaper and he said it is because there is NOT a restaurant and went on to say that the operating costs of restaurants are great......

 

[DebbieB]

I asked the guide at the D to Dreams event today why BLT dues are so much cheaper and he said it is because there is NOT a restaurant and went on to say that the operating costs of restaurants are great......

I didn't think restaurants were part of DVC. If dues pay for operating costs then the profits should be revenue on the budget.

I think BLT is cheaper because the points per night are higher, which spreads the dues over more points. Also there is not alot of landscaping to keep up with or roads within the resort.

 

[Tara]

FYI, the developer subsidy on BLT is IIRC 5 cents.

Given the higher points per night ratio and other assumed savings (1 building, few in-building services, less grounds to landscape, etc), it's quite possible that BLT dues will remain low relative to other properties.

 

[Ka-chow!]

Great chart and graph. Does anyone know why the dues were steady in 99-01, but have risen at a "healthy" clip since? It's way out of line with inflation.

 

[DebbieB]

Great chart and graph. Does anyone know why the dues were steady in 99-01, but have risen at a "healthy" clip since? It's way out of line with inflation.

BWV has been pretty much a steady 3-4%. There was a spike around 2004-2005 when insurance costs went up due to the hurricanes, especially at VB and HH. I think all the resorts had some damage.

 

[Ka-chow!]

BWV has been pretty much a steady 3-4%. There was a spike around 2004-2005 when insurance costs went up due to the hurricanes, especially at VB and HH. I think all the resorts had some damage.

That might make some sense that insurance rates would increase after the 2005 hurricane season. It was increasing at a 3-4 % clip since '01. But I'd bet hurricane insurance doesn't comprise that much of the dues, especially for the Orlando area resorts.

And Hilton Head is not on the ocean-side of the island. A hurricane would not cause flooding damage.