DisneyDadC
Dis Dad Member #187 Keep calm and Dole Whip
- Joined
- Aug 10, 2007
I figure I see others doing some threads so I thought I would throw this one in the mix. I know there is always some talk about DVC so we can have it here in one place now.
I knew you we're looking to add on at VWL. I really would like to add on there but DW wants BC or BWV. I see you bought at Aulani. Have a trip planned?I'm in on this one. We own at AKV, SSR, VGC and Aulani. We'd love to add on at VWL and even OKW... but those have to wait a while.
Not in the sense of having a reservation - but it is on the long-term calendar yes. We're looking at 2013. We only bought enough at this time to do the every 3 plan. Our first points will be this December which we'll bank, so with the borrowing, summer of 2013. But we're cool with that. The airfare every year would kill us, so every 3 is good until the kids are grown and gone.I knew you we're looking to add on at VWL. I really would like to add on there but DW wants BC or BWV. I see you bought at Aulani. Have a trip planned?
Scott, the Annual Dues cover all maintenance costs and property taxes. The only additional fees you would be looking at are transportation costs, food (if you plan to eat), and entertainment (park tickets or whatever you choose to do while using your accomodations).Question for you DVC Dads....Are their any additional yearly fees besides the maintenance for your points? I.E. Taxes etc...
Trying to budget this out...to monthly payment and yearly expenses.
Thanks!
200 isn't a small contract. We first bought 250 points which we found was a good starting point. Spent a lot of time in Studios. We wanted more stays in 1 BRs so I added 50 more.NON-DVC guy here....but have DVC envy....
My wife is all for it which is a huge plus.
My main debate is - do I purchase a smaller point contract (i.e. 200 points at SSR) and only go over other year to the world (since we always go during high peak season due to mine and the DW's jobs.).
Or do I save money until I can afford that 400 point contact?...
OK - so I hope I'm not taking over this thread - but I really feel an imminent DVC purchase coming....Another DVC owner checking in. We bought at Boardwalk the day it opened.
200 isn't a small contract. We first bought 250 points which we found was a good starting point. Spent a lot of time in Studios. We wanted more stays in 1 BRs so I added 50 more.
If you know you are going to buy and you think DVC works for you, I would take the 200 point plunge now. You can always add on smaller contracts. Besides, the one thing we have found is that point prices keep going up.
Question for you DVC Dads....Are their any additional yearly fees besides the maintenance for your points? I.E. Taxes etc...
Trying to budget this out...to monthly payment and yearly expenses.
Thanks!
not "emminent", but, I can see me slowly wearing down, so, your questions aren't JUST for you.Scott, the Annual Dues cover all maintenance costs and property taxes. The only additional fees you would be looking at are transportation costs, food (if you plan to eat), and entertainment (park tickets or whatever you choose to do while using your accomodations).
For now, at least, if you take out a mortgage to finance your DVC purchase then the interest on that mortgage is tax deductible (as long as it's your only vacation home). If you don't take out a mortgage, I do not believe that DVC ownership has any federal tax consequences at all.not "emminent", but, I can see me slowly wearing down, so, your questions aren't JUST for you.
I'm not looking for tax advice per se, but,
If DVC is real estate, is it something you have to claim on your federal taxes at the end of the year, or is that also covered by maintenance fees?
(thanks)
First of all - don't consider the purchase based on perks. Those can and do change frequently. They are not guaranteed at all - only being able to reserve accomodations based on availability.Can someone who is a DVC member explain to me about the different membership perks...i.e. discounts on dining plan and park tickets or AP's?
We bought Aulani without viewing it!Oh and has anyone actually bought a DVC without first touring it? I'm thinking that if I do this, I'm going to try to find a resale contract with some booked points to use for my vacation next year so I won't be privy to a tour prior to purchase.
Thanks guys and sorry again for the thread hijacking!