Thinking about buying but....

[Mikey528]

What kind of increases have you experienced in your annual dues.

Info provided by Disney estimates 2001 dues of $3.6275 per point with annual increases not to exceed 15% without the approval of the majority of owners.

Compounded at 5% annually for 40 years, dues per point would rise to $26.81 or over $4000 annually for 150 points.

I would also like to know approximately how much of the dues pertain to real estate taxes.

Thanks for your help

 

[mickeyc]

I had a similar question prior to purchasing my DVC timeshare. In my discussions with other members I was advised that members experienced a slight decrease the past several years. This year a contract of 150 points at BWV would cost you $ 3.83 per point for a total of $ 574.50. As I recall approximately $ 104 was for real estate.taxes. The remaining portion goes toward repairs and general maintenance. I think the dues are in accord with other timeshares on par with Disney such as Marriott. I hope this helps! I am sure some other members can provide you with additional detail who attend the meetings wherein these issues are discussed. Good luck!

 

[PamOKW]

So far we've had very good news with dues. The increases have not been high at any of the DVC resorts and sometimes have actually gone down. The 15% increase is a maximum allowed by FL law. Increases to date have been less than 6% at a maximum and that occurred early on in DVC history.

To give you an idea, here's the dues increase history for OKW starting in 1993 with the yearly increase percentages.

• 1994 +5.3%
• 1995 +5.2%
• 1996 +5.3%
• 1997 +5.3%
• 1998 +.9%
• 1999 -.3%
• 2000 -.4%
• 2001 -1.2%

2001 OKW dues of $3.1272 per point are broken down as $.7157 for taxes; $2.0649 Operating; and $.3466 for Capital. The real estate taxes are estimated and most years are overpaid with monies refunded on your bill for the following year.