I'm a contrarian who believes many people here say "Buy where you want to stay" simply because they've heard it repeated so often. It's a cliche that many accept without really thinking it through.
That's not to say it's not good advice for many families -- it is. But there is no one-size-fits-all strategy that works best for everyone.
"Buy where you want to stay" is based on two huge assumptions that simply do not apply to many families:
The first assumption is that the family is able to consistently plan and book their vacations more than seven months in advance. If you don't book more than seven months in advance, it doesn't matter what your home resort is, because "points is points" at seven months out. Realistically, many owners cannot plan their vacations that far in advance, so home resort means little to them.
- The second assumption is that you actually CARE where you stay, OR you will need a particular type of accommodation that will require booking right at 11 months. Some do, some don't.
We don't. Personally, our family enjoys trying different resorts, but if we have to "settle" for OKW or SSR, we're perfectly happy. If we were starting all over knowing what we know now, we'd do exactly the same thing we did initially -- buy OKW resale and save a bunch of money.
Other owners live and die based on whether they can get their desired villas at BWV or BCV for Food and Wine, or VWL at Christmas -- they legitimately NEED to own at those resorts. It depends on what is important to you.
I'd also encourage any prospective buyer to think
long-term, rather than focusing on their first trip "home." Our "needs" change over time as we get more immersed in WDW and also as our families' ages change. MK is not nearly as important to teenagers as it is to toddlers.
Another part of the thinking long-term concept is the idea of cost. Frankly, the buyin cost of DVC is not as important as we sometimes think, as hakepb points out. The real money is in those annual dues costs, and they are not always as clear as we think.
If I were concerned with the buyin cost, I'd buy resale rather than from Disney directly and save a bunch of money. I would only buy direct if I could not get something I absolutely
had to have. (Or I needed to finance, which we don't do)
If you must buy direct, the price differences between resorts don't make enough difference to even consider IMHO. A one-time $8 per point is negligible in the context of the overall cost of ownership.
Good luck with your decision.