Maintenance fees - is there a limit?

[amalee09]

Newbie here. I somehow survived my first HGVC sales presentation without buying into anything and found this forum in my research after the fact. Whew!!

As I’m looking into resale options, a specific question I have is if there is a limit to how high the MFs can go? Even if buying a low MF option, after 10+ years of 4-5% increases, it seems like the compounding of each year could end up resulting in a much poorer $ / point ratio over time. Is there a work around for this? Do you sell at resale once it reaches a certain threshold and rebuy something with a lower MF?

As someone in their late 30s, are there better strategies to get the most bang for the $ over the long term?

Appreciate any insight more seasoned folks could offer here.

 

[HuskerATL]

Short answer.... No.

Look at this spreadsheet to get an idea of the yearly increases. There is another one on the forum somewhere with it going back to 2005.

Post in thread '2023 Hilton Grand Vacations Maintenance Fees' https://tugbbs.com/forums/threads/2023-hilton-grand-vacations-maintenance-fees.344775/post-2851155

 

[GT75]

Congratulations and welcome. Honestly, you asked a great question. Agree with @HuskerATL response, there isn’t a limit. From my observations, HGVC has done a good job in maintaining reasonable MF increases over the years. But as you noted, it still increases. I also agree that the Las Vegas resorts seem to have some of the lowest increases over the years.

 

[RX8]

While no limit to cost increases as others have mentioned so too does the cost of a like hotel room increase. There are those here that have owned HGVC for 20+ years and the value of those points are still greater than booking a similar sized hotel room (and finding a two bedroom hotel is not easy).

 

[weems637]

The maintenance fee includes an allocation for future enhancements and maintenance of the properties. You will notice that you seldom see any potholes or dead shrubbery on the grounds!

 

[mjm1]

Newbie here. I somehow survived my first HGVC sales presentation without buying into anything and found this forum in my research after the fact. Whew!!

As I’m looking into resale options, a specific question I have is if there is a limit to how high the MFs can go? Even if buying a low MF option, after 10+ years of 4-5% increases, it seems like the compounding of each year could end up resulting in a much poorer $ / point ratio over time. Is there a work around for this? Do you sell at resale once it reaches a certain threshold and rebuy something with a lower MF?

As someone in their late 30s, are there better strategies to get the most bang for the $ over the long term?

Appreciate any insight more seasoned folks could offer here.

We have owned timeshares since the 80’s and don’t regret it a bit. As you noted, the maintenance fees do increase each year just as everything else does. We have enjoyed the accommodations and the savings over staying in hotels, which wouldn’t offer the same experience.

Do your research and find the system that works best for you and your family.

Best regards.

Mike

 

[Talent312]

I've been a HGVC owner for 15+ years, and found increases manageable.
HGVC delivers a uniformly high quality product for what you pay.
IMHO, the value of what you get seems to have kept pace with the cost.
.

 

[ljmiii]

Newbie here. I somehow survived my first HGVC sales presentation without buying into anything and found this forum in my research after the fact. Whew!!...

Do you sell at resale once it reaches a certain threshold and rebuy something with a lower MF?...

As someone in their late 30s, are there better strategies to get the most bang for the $ over the long term?...

First, congratulations.

So...assuming you are buying resale at a reasonable price, IMHO what you are really doing by buying a timeshare is fixing your travel costs now and into the future. We got into owning timeshares once we started needing suites for our young family and were gobsmacked at the rates for 1BR and 2BR hotel suites at desirable locations like beachfront Hawaii and Walt Disney World. And while MFs have risen the increases have paled in comparison to the increase in the price of prime hotel suites.

That said and as the saying goes, "Past performance is no guarantee of future results." Part of the calculation is that I could sell my timeshares for more or less the price I bought them for. But travel could crater for a variety of reasons which would affect not only the value of the timeshares I own but also the 'retail' suite price comparables.

 

[amalee09]

Thanks for the responses all!