BuffaloJim
Mouseketeer
- Joined
- Feb 25, 2012
- Messages
- 214
Well, actually we bought 220 points, but the way it works out at OKW, each square foot costs almost exactly 10 points, so in reality we purchased 22 square feet of living space. For those so inclined, the math is at the bottom of this post.
We passed ROFR yesterday at $57 per point. The seller was asking $58 and I was willing to pay it, but the sales rep talked me into offering slightly less. Actually I was willing to pay up to $60 a point for somewhere around 200 points. What I really did not want was to offer a low amount, have it accepted, and then have Disney ROFR it. Ive made the decision to purchase DVC, I did not want to have to spend multiple months, and go through several ROFR processes to do it. Now if I was buying an add on, things would be different. I would be willing to put in a low bid, and if it got refused or ROFRd, who cares. I would just attempt to buy another property. But for the first one, I wanted to buy it now and not have to wait.
A few random notes about our purchase and why we chose OKW
OKW has reasonably priced grand villas. Were a big family, and I would like to stay in a grand villa eventually. OKW seems to be the only WDW property we could occasionally afford with 220 yearly points. And when I decide I want to stay in one, I dont want to have to wait until the 7 month mark and hope theyre still available.
I wanted a property that expired in 2042. Ill be 79 then, and though I expect to be in decent shape and still vacationing, I wont have to worry about what to do with the property I just wont own it anymore.
I have a feeling that over the long haul, the annual dues at OKW are going to remain more reasonable than some of the other properties. I have little hard or even empirical data for this, its just a gut feeling.
I like OKW. Weve never stayed here, but it looks nice, the foliage is fully grown, and the rooms are very large. And like I said were a big family; normally well be staying in a 2BR. Of course, we probably wont always stay at OKW I definitely want to mix it up. As it stands now, the only villas we stayed at are at AKV, which I also like. But AKV expires in 2057 and I think the care for the animals will eventually drive the dues up.
When my wife and I honeymooned at WDW in 1994, I think the price of DVC (OKW) was about $60 a point. Amazingly, thats the price it still is. We probably should have purchased then. But I was newly married, starting a new job, and completely unsure of our finances. Well, we missed out on 20 years of DVC, but its nice to know that the bottom hasnt dropped out on the price of resale DVC properties over the years.
I wanted a December UY. I think well often be traveling over February break while the kids are in school. And eventually, my wife and I will probably be there in the winter. So December works well. In addition, the December UY allows us to use 4 years worth of points during the week after Thanksgiving. This could be needed when were renting a GV, and Thanksgiving is when Id like to bring my BIL and his kids.
I expect to often have a car with us when were here with the kids, so OKWs more condo-like construction with nearby parking is actually a bonus.
My ideal purchase would have probably been 160 points at OKW (Dec UY) and 50 at BWV (Oct UY). Id still like to eventually do a small add on at BWV, but I can wait Im in absolutely no hurry.
The bottom line is were happy with the purchase and looking forward to spending numerous vacations at WDW over the next few decades.
Now I just have to figure out exactly where our 22 square feet are.
******************
There are a total of 7,678,935 points allocated to OKW. Theres also 771,315 square feet of living space. This equals 10.0 points per square foot. The square footage breakdown is as follows: 274 2-bedrooms at 1410 sq ft, 230 lockoffs at 1395 sq ft, and 27 grand villas at 2375 sq ft. I got the square footage numbers from the DVC Resources Center stickie. Other sites give slightly different figures, but they dont really change the points per square foot value.
For those interested, the other WDW properties are as follows: BLT-16.3 pts/sq ft, BWV-16.1 pts/sq ft, VWL-15.9 pts/sq ft, SSR-15.2 pts/sq ft, BCV-15.9 pts/sq ft. I did not figure out AKV because of the huge variances in the number of specific types of rooms and their square footages. I spent less than a total of 10 minutes figuring out all of these, but doing AKV would have required significantly more work. A really quick estimation seemed to show that AKV was probably around 15 pts/ sq ft. Its not surprising that OKW is the lowest, but what is surprising is that all of the other DVC resorts are approximately the same number of points per square foot. None of this, by the way, had any bearing on my resort decision. I calculated these values while I was in ROFR.
We passed ROFR yesterday at $57 per point. The seller was asking $58 and I was willing to pay it, but the sales rep talked me into offering slightly less. Actually I was willing to pay up to $60 a point for somewhere around 200 points. What I really did not want was to offer a low amount, have it accepted, and then have Disney ROFR it. Ive made the decision to purchase DVC, I did not want to have to spend multiple months, and go through several ROFR processes to do it. Now if I was buying an add on, things would be different. I would be willing to put in a low bid, and if it got refused or ROFRd, who cares. I would just attempt to buy another property. But for the first one, I wanted to buy it now and not have to wait.
A few random notes about our purchase and why we chose OKW
OKW has reasonably priced grand villas. Were a big family, and I would like to stay in a grand villa eventually. OKW seems to be the only WDW property we could occasionally afford with 220 yearly points. And when I decide I want to stay in one, I dont want to have to wait until the 7 month mark and hope theyre still available.
I wanted a property that expired in 2042. Ill be 79 then, and though I expect to be in decent shape and still vacationing, I wont have to worry about what to do with the property I just wont own it anymore.
I have a feeling that over the long haul, the annual dues at OKW are going to remain more reasonable than some of the other properties. I have little hard or even empirical data for this, its just a gut feeling.
I like OKW. Weve never stayed here, but it looks nice, the foliage is fully grown, and the rooms are very large. And like I said were a big family; normally well be staying in a 2BR. Of course, we probably wont always stay at OKW I definitely want to mix it up. As it stands now, the only villas we stayed at are at AKV, which I also like. But AKV expires in 2057 and I think the care for the animals will eventually drive the dues up.
When my wife and I honeymooned at WDW in 1994, I think the price of DVC (OKW) was about $60 a point. Amazingly, thats the price it still is. We probably should have purchased then. But I was newly married, starting a new job, and completely unsure of our finances. Well, we missed out on 20 years of DVC, but its nice to know that the bottom hasnt dropped out on the price of resale DVC properties over the years.
I wanted a December UY. I think well often be traveling over February break while the kids are in school. And eventually, my wife and I will probably be there in the winter. So December works well. In addition, the December UY allows us to use 4 years worth of points during the week after Thanksgiving. This could be needed when were renting a GV, and Thanksgiving is when Id like to bring my BIL and his kids.
I expect to often have a car with us when were here with the kids, so OKWs more condo-like construction with nearby parking is actually a bonus.
My ideal purchase would have probably been 160 points at OKW (Dec UY) and 50 at BWV (Oct UY). Id still like to eventually do a small add on at BWV, but I can wait Im in absolutely no hurry.
The bottom line is were happy with the purchase and looking forward to spending numerous vacations at WDW over the next few decades.
Now I just have to figure out exactly where our 22 square feet are.
******************
There are a total of 7,678,935 points allocated to OKW. Theres also 771,315 square feet of living space. This equals 10.0 points per square foot. The square footage breakdown is as follows: 274 2-bedrooms at 1410 sq ft, 230 lockoffs at 1395 sq ft, and 27 grand villas at 2375 sq ft. I got the square footage numbers from the DVC Resources Center stickie. Other sites give slightly different figures, but they dont really change the points per square foot value.
For those interested, the other WDW properties are as follows: BLT-16.3 pts/sq ft, BWV-16.1 pts/sq ft, VWL-15.9 pts/sq ft, SSR-15.2 pts/sq ft, BCV-15.9 pts/sq ft. I did not figure out AKV because of the huge variances in the number of specific types of rooms and their square footages. I spent less than a total of 10 minutes figuring out all of these, but doing AKV would have required significantly more work. A really quick estimation seemed to show that AKV was probably around 15 pts/ sq ft. Its not surprising that OKW is the lowest, but what is surprising is that all of the other DVC resorts are approximately the same number of points per square foot. None of this, by the way, had any bearing on my resort decision. I calculated these values while I was in ROFR.
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