How long is your trip? That makes a difference.
I would HIGHLY recommend you do a quick read through a guidebook or a planning website like wdwprepschool.com or **************.net. This will give you a good general overview of WDW so you can start piecing together what is important to you.
If you want a villa, then renting points are the way to go. Definitely worth the cost savings as you have seen. Pros: you get to enjoy a deluxe property (Wilderness Lodge is GORGEOUS - especially if the theme appeals), the hotel has fantastic restaurants (Whispering Canyon Cafe and Hoop Dee Doo Revue dinner show), and it has a fantastic pool. The villas have their own brand new feature pool coming in the summer.
For booking direct, you'll be looking at a moderate property like Coronado Springs (which has a fitness centre). Rack rate for Coronado Springs in November is only ~$300/night for a preferred room. Oh and I think CSR has club level rooms
In the spring, Disney will likely release some kind of discount code. What it will be is still up in the air. The expectation is that they will release a
free dining deal, which often covers November (although exact dates often change). There are also room discounts.
If you go the direct route, I highly recommend you book with an experienced Disney TA who does a lot of handholding. It doesn't cost ANY extra and they are a great resource to answer questions.