Why the big price difference at HH and Vero

[dandave]

It seems that HH and VB go for as much as $20 per point less than the others on the resale market. I'm trying to understand why. I understand the current difference in dues, but they don't seem high enough to command such a huge difference in initial investment price.
Those mid $60's per point prices at HH/Vero look pretty tempting, but there has got to be something I'm not understanding. Can someone explain?

 

[DVC Mike]

Supply and demand. There is less demand to own at VB and HHI than for the resorts at WDW. Thus, they both command a lower purchase price.

DVC had a hard time selling both resorts, which is one reason they changed course early on and decided to focus on building DVC resorts inside WDW.

 

[Granny]

Those mid $60's per point prices at HH/Vero look pretty tempting, but there has got to be something I'm not understanding. Can someone explain?

Exactly as Mike said. The location of on-site at WDW is worth more. Think of the premium Disney gets for hotels and suites on-site even vs the rest of the Orlando area.

HH and VB are great resorts and many DVC owners vacation there regularly with high marks. But the truth is there are other options to stay on the beach or on Hilton Head. There aren't a lot of other options to stay on Disney property.

 

[crisi]

Dues at those two resorts - and particularly Vero Beach - are also higher than onsite due to the proximity to the ocean and the wear and tear (and hurricane risk) of the ocean location. So savings in purchase price are quickly eaten up by the fees - particularly compared to OKW, which has fairly reasonable resale prices and low dues - plus its onsite.

A lot of people own VB and HH, some never stay there. Advice around here is generally to buy there IF you want to stay there - they are both difficult resorts to get during peak seasons - but relatively easy resorts to get on off times.

 

[BWV Dreamin]

If you make resssie's at 7 mos. or later and don't care where you stay, than it doesn't matter where you own. The savings you will have if you purchase resale will more than offset the higher dues. It will take a very long time before you break even between your higher dues and the savings in resale.

 

[tammymacb]

If you make resssie's at 7 mos. or later and don't care where you stay, than it doesn't matter where you own. The savings you will have if you purchase resale will more than offset the higher dues. It will take a very long time before you break even between your higher dues and the savings in resale.

My sister did this. She bought DVC several years ago now. She wanted to pay cash and didn't have a huge budget. She bought a resale small contract at HH. She's only spent one night there. She is at WDW all the time..I can't believe the milage she's gotten from that contract. Now she does travel off season, doesn't stay weekends and doesn't care what WDW DVC she stays at. So, she's had no problem.

Also, she did want to stay at BWV in December and for that she bought an add on there. Now she has the 11 month window for those impossible go get first couple weeks.

 

[crisi]

If you make resssie's at 7 mos. or later and don't care where you stay, than it doesn't matter where you own. The savings you will have if you purchase resale will more than offset the higher dues. It will take a very long time before you break even between your higher dues and the savings in resale.

But one hurricane assessment could really change how long that takes - from "long time" to "overnight."

 

[buzz5985]

When I purchased HH in 2002, it had one of the cheaper dues of all the DVC resorts. I think the dues have a lot more to do with the age of the individual resorts than anything.

We also decided to buy HH because we could see ourselves going there for the next 40 years, where as Disney?? Not too sure. But we did add on at BWV. LOL

 

[Mickey'sApprentice]

I think a lot of people like DVC because they can go to WDW. There is a slim possibility with either of the off-site properties that you would not be able to reserve on-property at WDW in the 7 month window of your choice. There is also a slim possibility that all 7 month availability could eventually dry up.

Even if you hate the least expensive WDW location, you have a guarantee of getting on WDW property. Therefore, VB and HH will always be priced below these resorts.