Other reasons to buy at resort

[fordchevyguy]

So I have other posts where I ask about resorts. My question is, is it normal to look at expiration date for choosing resorts.

In other words RIV expires in 2070, I will be 106 and not likely to be spending time at Disney and my adult kids will be well in 70’s and who knows what they would like.

i own BW and I will be 77 at expiration. So for me SS ( I would be 90) and OKW sound reasonable.

So if you are 30 something... go for RIV. If you are 50 something go with a different option. No matter how much you may like RIV or ?. Or do people just go for their fav.

 

[kanerf]

I would imagine when the resorts come up for renewal, the company will do something for existing owners, such as offer an extension. I don't worry about such things as I doubt I will around to worry.

 

[MJ NH]

I do think that the 2042 resorts are more realistic for my age (late 40s). Any of the resorts with more time, I most likely will not enjoy past that date. But instead of going for them, I have bought into the newer resorts with the plan of cashing out at that point (Mid 2040s). I figure resorts with longer life would provide a better return. Then I can invest into bingo cards and oxygen tanks.

 

[Sandisw]

I sold BWV last year and bought RIV...added my adult kids as co owners.

I just turned 56. Even though I knew I would not live until the end, the kids would enjoy it a great deal for many years, and we loved the resort, more than RIV.

I believe buying where one wants to be and loves...if there is one place...is more important. But, everyone is different,

 

[Deb & Bill]

When we bought, everything expired on Jan 31, 2042 (only four resorts were being sold at the time, the only four in existence). Don't plan on your contract being extended after Jan 31, 2042 if you buy an older resort. They offered an extension on OKW several years ago and it was a total failure. Now they have two ending dates with contracts spread all over the place. It will be a mess on Feb 1, 2042. Other resorts that expire will probably be renovated, resold for a much higher price if WDW is still operating. And until they start renovating, they will just book them out on cash. I'm 70 and while I hope I live until the end of our contract, I'm not sure it will happen.

 

[fordchevyguy]

so I have never really read the title but could Disney offer a 25 year contract at RIV or any resort. Could they customize the ownership contract to needs of customer. Seems like those with a bit of disposible income might not be inclined for 50 years ( only speaking for myself)

 

[skeeter31]

so I have never really read the title but could Disney offer a 25 year contract at RIV or any resort. Could they customize the ownership contract to needs of customer. Seems like those with a bit of disposible income might not be inclined for 50 years ( only speaking for myself)

No. The contracts are for the set amount of time.

 

[StitchesGr8Fan]

I would imagine when the resorts come up for renewal, the company will do something for existing owners, such as offer an extension. I don't worry about such things as I doubt I will around to worry.

Doubtful. They did that at OKW and it was a flop.

 

[_auroraborealis_]

The timeshare is based on the ground lease. It cannot be customized individually.

 

[eMoneyBug]

I chose SSR over AKL in 2012 because it was slightly less per point. I chose AUL in 2019 because it was mid $80s on resale and I live West Coast so maybe I may want 11month advantage for booking. I'm okay with split stays at WDW so don't find the need to own at a popular DVC, but just go for lowest cost route.

 

[bakerworld]

We purchased AK and BL because they have a longer contract length. However, we realized later that our kids aren't as interested in DVC so, unless they have a change of interest, we will probably sell both in 10 years. At that point we'll be 74. We also own BC and we'll hold onto that until the bitter end.

 

[RoseGold]

Depends on your exit strategy. No reason you couldn’t buy SSR or AKL or whatever and sell it in 10 years. That’s my plan for most of my points. I also have VGF points I could pass down. Or, I could sell.

The RIV resale restrictions complicate this discussion, but historically DVC has been easy to sell and has even increased in value if you were an early buyer. I wouldn’t buy RIV no matter how old I were, because that resale option is important to me.