Maint Fees for DVC?

[Bryantch]

I am looking into purchasing a DVC membership in the near future and am leaving with my family next week for BWV on rented points from a DISboard member. I have been doing some simple math and the maint fees that Disney charges seem a bit excessive. What do you think?



Total rooms 2165
112580 room weeks
70000 members approx
150 point min
10,500,000 points outstanding
average maintenance fee per point $3.71 approx 2001
$38,955,000 total maintenance fees per year
$17933.07 maint fees per room per year
$49.13 maint fees per room per day
@65 per point approx average sale price per point, total Disney rev is $682,500,000 for all resorts to date, not including resales directly throught DVC

bcv 583 rooms $10,454,979.81 maint per year
bwv 532 rooms $ 9,540,393.24
okw 700 rooms $12,553,149.00
hh 102 rooms $ 1,829,173.14
vb 112 rooms $ 2,008,503.84
vwl 136 rooms $ 2,438,897.52

Some of my figures are estimates due to my ability to find accurate figures, but the numbers are still staggering!

Interested in your thoughts

 

[RobDoc]

Still sounds like a bargain to me!

Your use of an average per room is a bit misleading- as those rooms range from studios to Grand Villas. The fees include all maintenance items, housekeeping, utilities, laundry, replacement of furniture, appliances, linens, carpeting, painting, heating, cooling, landscaping, bus/boat transportation, Member Services and all administrative costs of the program. The $49.13 per day for every room sounds like a very good deal for all we get.

While there are certainly other timeshares which are less costly, none of them provide onsite accommodations at WDW.

Enjoy your rental at BWV!

 

[OKWKirt]

In case you are interested I have the numbers for OKW with me, don't ask why.

2003 Annual Budget
Vacation homes 531
Total Revenue $18,642,145 (Dues is $17,811,476)
Total operating expense $18,642,145

The above gets you $2.429 per point

Another portion is the capital reserves budget of $3,048,705 for $0.3973 per point

It doesn't show the rest.

 

[Dopey Sharon]

Originally posted by WebmasterDoc

While there are certainly other timeshares which are less costly, none of them provide onsite accommodations at WDW.

A friend of mine has a timeshare at Westgate and all the Villas at WDW are in her book. I was just looking at it yesterday at work.

 

[icydog]

Try to secure a reservationt at BWV, or any of the others for that matter, from another timeshare. Less than 3% of Disney DVC rooms are made available to other timeshares.Those that are are usually the cream of the crop. We were told by a high pressure salesman that his PA timeshare allowed you the opportunity to secure a week at BW. What a bunch of junk. I called my rep at DVC and told him this, and he laughed out loud. NO way would anyone trade that miserable resort for Boardwalk.

 

[Dean]

DVC does have high fees and the reasons include the fact it's WDW, Orlando in general, well kept resorts, transportation and the inherent flexibility of the system. You cannot compare to a full weeks resort off property and call it a reasonable comparison. What's best for you depends on your situation. DVC will not be the cheapest option but it may be the best for you if you will go regularly, stay on property and not go mostly weekends. If you just look at the figures, it will never make sense. If you look at the overall package, it may or may not work for you depending in part on the above factors.

 

[Deb & Bill]

Don't plan on buying a cheaper timeshare with the plan to trade it for DVC on site. It happens so rarely. If you want to stay on WDW property, buy DVC. Or wait until Fairfield starts selling their new resort just at the edge of WDW property. But you won't get WDW benefits there.

 

[Dopey Sharon]

When I saw WDW villas in her timeshare book, I thought, "Hmmm, she only paid $6,000 for her timeshare and her maintenance fees are less than DVC. Why would anyone buy DVC, when they can stay there, cheaper, through Interval (I think that's what it's called). BUT, in order for her to stay at WDW, someone else would have to cancel their week so she can book it...I don't think that would happen too much. If we do buy, I'm leaning towards DVC...I like the point system. If we plan it right, we could get three stays, in a year, with 150 points.

 

[paults]

We do 2 now but will soon be doing 3 to get the most use of our AP's. We own at BWV 150 pts.

Remember that most other timeshares give you a set week to go.

With DVC you go when you want, as much as you want if your pts allow. You can't beat that

 

[drusba]

For the original poster, your numbers are actually lower per day per room than what it actually is as you can probably see from the above. Your room counts tabulate all 2BR lock-offs as 2 rooms, studio and 1BR. Also, your total point count is significantly low (for example, OKW has somewhere near 7 million points and BWV about 4.8 million). DVC dues are higher than other timeshares. When you see a budget there are large amounts for administration at the rersort, housekeeeping, maintenance, transportation (you are paying for those buses), reserves and property tax. You are paying for all those CM's that work at the resort. Just note that dues are based on actual costs. There is a management fee that is about 12% of the budget (percentage is permanently fixed) for the resort which covers much of member services but also provides some income to Disney, but all other items on the budget are based on estimated cost without profit. A Disney resort generally has a lot more costs to run and maintain than your typical timeshare.