What is the value of a developer point?

[NJ Mets fan]

What would the general value of developer points be to determine the actual cost per point for BLT? I have been struggling on what exactly to buy and was pretty much set on doing a resale but now that the BLT incentive has been sweetened to include developer points, I want to try and compare the costs (e.g., would a developer point be worth $5 or $10 or something else). I also realize BLT has 18 additional years over the resorts I have been looking at, BWV and BCV so there is value there.

Another question I had was, lets say I booked at my home resort at 9 months for 300 points and at the 7 month window I wanted to change my reservation to another resort that was 250 points. Is there any problem with this meaning would the 50 points then be available to use for another reservation or to bank if in my window?

Thanks very much!!!

 

[chalee94]

What would the general value of developer points be to determine the actual cost per point for BLT?

the lawyers will tell you that a point has no legal value...

if you rent a reservation made with developer pts for $10 per point, you might argue that they are worth that amount.

Another question I had was, lets say I booked at my home resort at 9 months for 300 points and at the 7 month window I wanted to change my reservation to another resort that was 250 points. Is there any problem with this meaning would the 50 points then be available to use for another reservation or to bank if in my window?

this is not a problem - it is very common and a good idea. make a reservation at your home resort as soon as possible, then if you want to change, you can call and see if the other resort is available at the 7 month window. as long as you are canceling the home resort reservation more than 30 days out and within your banking window, there is no problem banking them (or using them for another reservation in that use year if there is availability.)

 

[Raivyn]

I also considered using the $10/pt rental rate. But given that the developer points are restricted to SSR or a DL hotel, I don't think that's the right number.

I have plans to use my developer points at SSR for a particular time of year, so I went onto Disney's website and priced out a stay at SSR using their current 4-3 free promo. So for me, that would be how much I would *save* by having developers points instead of paying for that stay out of pocket given the current rates and promotions.

Incidentally, for my stay, the 4-3 promo was a better deal for studios, but a 1 bedroom was a better deal renting points.

You have to pick how those points would bring *you* the most value, and factor that cost in.

If you planned on renting the points out, then the $10/pt may be a good option. But since we had a planned trip anyway, it made more sense for me to consider that fact when valuing these developer points.

Of course, if you can't rent out the points and can't use them, they're worth zero. You can only use them by Oct. '09, so for some folks, they may actually not be worth anything.....

 

[Eventer98]

What exactly are developer points?

 

[bwvBound]

What would the general value of developer points be to determine the actual cost per point for BLT?

I tend to use the lowest reasonable number for setting value of incentive items. For Developer Points, I use the current Maintenance Fee. For a "free II exchange week," an incentive offered at Disneyland this May, I chose $350 -- a very low value based on prevailing Getaway rental offers.

 

[Raivyn]

I tend to use the lowest reasonable number for setting value of incentive items. For Developer Points, I use the current Maintenance Fee. For a "free II exchange week," an incentive offered at Disneyland this May, I chose $350 -- a very low value based on prevailing Getaway rental offers.

How is the current maintenance fee a good measure for valuing developer points?

I could see using the II exhange week as a measure. If trading those points in gets you a week in Hawaii that would typically cost $3,000, then I would use $3,000 as the value of the points. But that would be a value to a specific person who has a specific vacation in mind.

In the open point market, points generally rent for $10-$13/pt. Points that are rented are a one-time use, just like the developer points are, so I think they may be your overall measure of their value.

 

[bwvBound]

How is the current maintenance fee a good measure for valuing developer points?

I could see using the II exhange week as a measure. If trading those points in gets you a week in Hawaii that would typically cost $3,000, then I would use $3,000 as the value of the points. But that would be a value to a specific person who has a specific vacation in mind.

In the open point market, points generally rent for $10-$13/pt. Points that are rented are a one-time use, just like the developer points are, so I think they may be your overall measure of their value.

I value them based on what I'm saving. Since we used our Developer Points for our own travel, not to rent out, I saved paying dues on those points. I received the use of the points w/out paying the dues. If I were planning on renting them out -- then using the $10-13 rental figures would make more sense by switching the question to, "How much can I make/recover on these points?"

I wouldn't book DVC by renting points from others at $10-13pp nor would I pay $3000 for the week in HI as I could book it for far, far less. Sooo ... I'm back to where I started, "How much (actual,likely) savings will I see by accepting the DP points??"

 

[Raivyn]

I value them based on what I'm saving. Since we used our Developer Points for our own travel, not to rent out, I saved paying dues on those points. I received the use of the points w/out paying the dues. If I were planning on renting them out -- then using the $10-13 rental figures would make more sense by switching the question to, "How much can I make/recover on these points?"

I wouldn't book DVC by renting points from others at $10-13pp nor would I pay $3000 for the week in HI as I could book it for far, far less. Sooo ... I'm back to where I started, "How much (actual,likely) savings will I see by accepting the DP points??"

Ok, I see what your saying.

I actually think you are undervaluing DPs. Not only do they not have maintenance fees associated with them, you saved your own points by using the DPs instead.

If you used the DPs for your own travel, how much (in either $$$ or points you own but DIDN'T use) did you save? That would be a reasonable way to calculate the DPs value to you.

To look at it another way: Maintenance fees are <$5/pt. You could rent DPs to someone for $10/pt, and double your money.

So if they were really only worth the cost of maintenance fees, and instead of renting them out, you used them for your travel, then you left alot of money on the table. That may be ok for you, but I don't think that's likely in a free market.

 

[jrbdad]

Developer points are the "matching points" offered as incentive when buying direct from DVC

 

[LIFERBABE]

The BLT developer points have alot of restrictions and not alot of time to use them.

Because of that, I would not value them at the going rate of $10 ppt.

They are closer to value of reservation points which average around $5-$7 per point. In a free market, your renters that are willing to pay $10 will want resort choices and will compare what they can get thru CRO.

These points are only good at SSR, II trades, or Disneyland til Oct 3, 2009. Most of this period is covered by the 4/3 offer and other discounts. They are not even given home resort advantage at SSR, so when the booking window opens for THV, developer points will have to wait to book.

You notice they expire right before the higher demand time of F&WF and MNSSHP. You won't garner $10 a point for DL or II if you rent the points because the points are greatly increased for those.

So you find a renter that wants to stay at SSR between now and Oct and that's willing to pay the going rate of $10 instead of taking advantage of the 4/3 deal or other discounts. I dont think the 4/3 is comparable, but Im a DVC member that enjoys DVC, the rental market is different.

If we decide to add on, we will use the DP for a II exchange. If they did not have all the restrictions, I would never even think about exchanging them. I would rent them and use the cash for our vacation.