Thinking about purchase???

[followme2disney]

We are thinking about investing in DVC and we have a question. Are there monthly maintenance fees and yearly dues also? Had a friend that just purchased and talked about monthly maintenance fees - $50/month but no talk of annual dues. Trying to get clarification. Thanks!

 

[kdonnel]

When you buy from Disney you can opt to pay your annual dues monthly. They will direct debit your checking or savings account.

If you buy a resale you are not given the monthly option until the second year of your ownership.

The annual dues are actually charged by point. The more points you own the more annual dues you owe.

A minimum purchase of 150 points at BCV will equate to about $50 dollars a month in annual dues. (150 points x $3.97 per point)

 

[followme2disney]

Thank you so much for your quick response. We are getting really excited about this because we go to Disney twice a year and think this may be a way to save some money and get to stay at the nicer resorts.

 

[CaptainMidnight]

Thank you so much for your quick response. We are getting really excited about this because we go to Disney twice a year and think this may be a way to save some money and get to stay at the nicer resorts.

Absolutely. If your going that often, you should definitely check it out. There's more info at the FAQ link above and at:
http://www.mouseplanet.com/dtp/dvc/
ONe of your big decisions will be which resort to choose at your home resort, the place you plan to go the most often. Enjoy your exploration of DVC.

 

[Dean]

Originally posted by followme2disney
Thank you so much for your quick response. We are getting really excited about this because we go to Disney twice a year and think this may be a way to save some money and get to stay at the nicer resorts.

As long as you're not doing long weekends, it can be a great choice.

 

[Doug Wolfe]

Also, don't forget you also pay a small amount for real estate taxes on an annual or monthly basis. Check with your accountant to see if you can deduct these tax payments!

 

[followme2disney]

Do you have an estimate on how much the real estate taxes generally cost?
Thanks!

 

[Dopey13]

As a wise man once said "JUST DO IT"

 

[WDWguru]

Real estate taxes are part of your dues. They are estimated every year, then the actual amount is calculated and any adjustments are made to the following year's dues. This year they had overestimated, so dues went down from the estimate. I don't know the actual amount offhand, but that portion of your dues may be tax deductable depending on your filing status. I do know you have to itemize.