Originally posted by cjzak
I am looking into purchase of DVC. I do not understand exactly why the points prices differ for each home resort if they can be used at any of them.
You get a 4 month booking advantage at your Home resort. Some room types can be difficult to book if you do not have your Home at that resort. For example:
Grand Villas at Old Key West
Standard View rooms at Boardwalk Villas
Unless you have your Home at one of these resorts, your odds of getting a room at the 7-month window is slim.
Right now the biggest disparity in price is between the points DVC is selling for Saratoga Springs and all of the other properties which are technically "sold out." The easiest way to explain this difference is that the SSR contracts expire in 2054, while all of the other resorts only run through 2042. So, if you buy SSR direct from DVC you are getting an extra 12 years.
Regarding the sold out resorts, resale prices will vary depending upon prices like the number of points available and popularity of the resort.
Also, does the month that you start your ownership really matter other than when you plan your usage?
The month you purchase really doesn't matter, but your Use Year can have an impact. It largely determines the deadlines for banking unused points into the next year. If you travel at approximately the same time each year, your best bet is to have a Use Year that immediately PRECEEDS your travel dates. Try searching the boards for more info on the Use Year if you are confused.
What are the fees involved and how many points are generally considered to be a good starting place. I realize much is based on personal preference and financial concerns, but I am looking for input from people who are involved already and what they have learned.
The only fees are your initial purchase and annual dues. Dues vary by resort and are based upon the number of points you own.
The number of points is completely your decision. 150 is the minimum. Look at your current vacation pattern and plug those dates into the DVC
point charts to see what you need. If you have children, don't forget to account for the possibility of a larger room size as they age, or a need to switch from off-season to peak season touring when they reach school age. The cost of points will only go up, so buy what you can afford now.
Is it better to go for a resale or not? Thanks!
IMO, the main factors are:
1. Where do you want to stay? The resort you want to stay at the most should be your Home.
2. Are the extra 12 years at SSR of value to you? If you are in your late-20s, early 30s, those extra years of vacation enjoyment may be a factor in your decision.
3. Can you independently finance the purchase? It's fairly easy to get financed by DVC with as little as 10% down. If you buy a resale, you need to come up with all of the funds on your own.