Significance of owning in a specific building

[eileenfk]

What exactly is the significance (benefit or consequence) of owning in a specific building?
Is there anything in the fine print, that allows the DVC, at some future point, to limit me, in any way, related to the specific building I own in.
Can I, at some point, end up with less priority for staying in other buildings (within the same resort).

I just got my papers to sign, and the building my contract is for, is a smoking building.
I don’t want to start another discussion on when and where smoking should be allowed, I only want to know if, there is anything in the fine print of the rules, that can lead to my having a lower priority for reservations in other buildings.

When people originally bought into the DVC did they know if their building was going to be designated smoking vs. non-smoking?

If my building burns down, do I end up not being able to use my points? I know the fire hazard is increased by allowing smoking.
I am guessing I would get an insurance pay off of some type, if this happened.

- Eileen

 

[CRobin]

There is absolutely no significance of the building / unit designation on your deed. That is just a filing requirement to represent the real estate interest.

Your booking priorities, smoking vs. non, etc. have nothing to do with the building or unit designation.

The property is insured in the event of a fire.

Don't worry.

 

[Rence]

I believe that the only impact that it has is when you can make your first reservation.

Our contract is in building 2 at SSR. I believe that we cannot use our points until Building 2 opens. It was explained to us that our points don't really exist until the building really exists.

Other than that - no difference.

 

[eileenfk]

Did anyone know, when they initially bought from Disney, if the building was to be designated smoking or non smoking?

I think the answer to this question is key.

If this is something that the buyer was (is) aware of, when they purchase, it might be something that could be used for something such as justifying higher maintenance fees.
However, if it is not known, necessarily at the time of purchase, or can be changed at any time by the DVC, then I don't see how it can ever be used to justify giving the owner lower priority in non-smoking units, or to justify higher maintenance fees.

- Eileen

 

[BillPA]

If your building burns down, you can not use your points until it has been repaired/replaced. At least that was the 'rule' a while back. I don't have access to the current guide book, but I don't think that has changed.

 

[rocketriter]

Don't worry about differential maintenance fees for a smoking vs. a non-smoking building. Fees are set by resort, not by building. And remember, in terms of specific real estate, all you "own" is a few square inches of floor somewhere. It has absolutely no physical meaning, and no effect at all on either your maintenance fees or on which building within a resort where you'll be housed during your visit. And that won't change in the future, either, since flexibility within a resort is inherent within the points system.

 

[COACHSTING]

Which building is designated a smoking building?

 

[Pa@okw95]

My granddaughter got a doll the other day that had a birth certificate with it, your building situation at DVC has about the same meaning. You really just are leasing points not owning anything.

 

[DVCTiff]

Although, if Bill from PA is right, that's a little scary that my membership may be taken out of commission. I understand they theoretically have to have space for everyone at the time of booking.

 

[Chuck S]

Most rules apply "resort wide" rather than "building wide". Actually, I had not heard that an owner can not use their point if their building id damaged and being repaired. I don't doubt BillPA, I knew it applied in case a Resort was severly damaged, that owners at that "resort" could not use their points until the resort re-opened, since the points would have no trade value. It certainly makes sense that this would also be applied to a specific building, as well.

Interesting, though, if you do an original contract and an add-on for the same use year, same resort, different building, you may still then have some points you can use. Most of my points are in Bldg 14 at OKW, but I do have 35 points at Bldg 44.

 

[CarolMN]

Originally posted by DVCTiff
Although, if Bill from PA is right, that's a little scary that my membership may be taken out of commission. I understand they theoretically have to have space for everyone at the time of booking.

It's just a risk (a very small one, IMHO) that we all accept when we own or lease any property, including our homes. Can't live in your house if it burns down, either.

Any building or resort could experience a fire or other natural catastophe. That's what insurance, sprinkler systems, fire alarms and good maintenance is for.

Other than to confirm that the resorts were insured, this is not something we factored into our decision to buy.

 

[rocketriter]

Do you think that Disney is going to turn you away and stop you from spending money in the parks because a building burned down (which has never happened)? More likely they'll bust their butts finding you alternate accomodations. I've enjoyed reading this discussion, but I think the topic is a non-issue.