[OFFICIAL Starwood Thread:] 2015 Maintenance Fees

[YYJMSP]

??? I'm not upset , just a little blue about the increase . That's all. Thanks for asking

Could be worse -- I'm expecting my total bill to be almost $700CAD more than last year...

 

[YYJMSP]

SVR Cascades 2BR L/O

2015 Operating Assessment - $754.55
2015 Replacement Reserves - $185.97

Total is $940.52

This is 2.8% more compared to last year's $728.61+$185.97 = $914.58


Other MFs from the bill:

1BR = $279.87 + $68.67 = $348.54 vs. $270.30 + $68.67 = $338.97
2BR = $581.22 + $143.13 = $724.35 vs. $561.25 + $143.13 = $704.38

 

[cubigbird]

Westin Lagunamar.

WLR 2 Bd LO 2015 MF $1390.98 vs 2014 $1331.99. Difference of $58.99 or increase of 4.4%. Not bad could have been worse I guess.

 

[YYJMSP]

Wlr 2br l/o

2015 Operating Assessment - $1154.98
2015 Replacement Reserves - $236.00

Total is $1390.98

This is 4.4% more compared to last year's $1095.99+$236.00 = $1331.99, almost all of which appears to be "Special Projects", described as:

Major projects include a new on-site laundry facility, resurfacing of the resort entrance and renovation of the lobby entrance canopy. Other projects include new perimeter fencing, elevator landing ceiling fixtures, recycling containers and rollaway beds.​

Other MFs from the bill:

Studio = $429.34 + $87.73 = $517.07 vs. $407.41 + $87.73 = $495.14
1BR = $725.64 + $148.27 = $873.91 vs. $688.58 + $148.27 = $836.85

 

[LisaRex]

SVV Bella 2 bdrm lockoff

Annual

Already entered in the MF database:

MFs $1319.01
Taxes $180.66
SVN fee: $134
----------------
$1633.37 (with SVN fee)

For comparison purposes:

2014 fees
MFs: $ 1,307.40
Taxes: $ 147.82

2013 fees:
MFs: 1,270.35
Taxes: 138.05

An increase of ~3.1-3.3% per year (exclusive of SVN fees)

 

[cubigbird]

2015 Operating Assessment - $1154.98
2015 Replacement Reserves - $236.00

Total is $1390.98

This is 4.4% more compared to last year's $1095.99+$236.00 = $1331.99, almost all of which appears to be "Special Projects", described as:

Major projects include a new on-site laundry facility, resurfacing of the resort entrance and renovation of the lobby entrance canopy. Other projects include new perimeter fencing, elevator landing ceiling fixtures, recycling containers and rollaway beds.​

Other MFs from the bill:

Studio = $429.34 + $87.73 = $517.07 vs. $407.41 + $87.73 = $495.14
1BR = $725.64 + $148.27 = $873.91 vs. $688.58 + $148.27 = $836.85

The WLR replacement reserves are same as last year which is good.

 

[okwiater]

SMV 2 bedroom lockoff is $1,375.71 (not including SVN or ARDA).

Last year was $1,312.00. That's an increase of $63.71 or 4.9%.

 

[jramat]

Huge Increase for Us at SVR

I was shocked to see that my MF's at Vistana Resort for my two 2 bedrooms in Cascades are, $1004.74 and $909.74 respectively. Increases of $156 and $123 respectively. 18.5% and 15.6%.......
This is the total I write the check for...I didn't break it down by cost category.

 

[YYJMSP]

I was shocked to see that my MF's at Vistana Resort for my two 2 bedrooms in Cascades are, $1004.74 and $909.74 respectively. Increases of $156 and $123 respectively. 18.5% and 15.6%.......
This is the total I write the check for...I didn't break it down by cost category.

Something doesn't sound right.

SVR Cascades is only 2.8% more than last year. A 2BR L/O is $940.52 (up just under $26) and a regular 2BR is $724.35 (up just under $20)

That does not include SVN or ARDA fees, if applicable.

 

[Henry M.]

WSJ - Bay Vista 2BR EOY

I have a WSJ - Bay Vista 2BR EOY, among other units, so no SVN membership fee for this one:

Maintenance Fee(s)		  $   911.72
Tax - If Applicable		  $    94.22
Membership Fee - If Applicable    $     0.00
Other*		                  $     0.00
Interest		          $     0.00
Late Fees		          $     0.00
Sub-Total
Current Year Charges		  $ 1,005.94

This is about $20.00 more than last year (2% total increase). Taxes are actually lower ($94.22 vs. $102.23 last year).

 

[jramat]

Svr breakdown

1st unit
2015 operating assessment. 581.22
2015 replacement reserves. 143.13
2015 estimates real estate tax. 141.39
2015 Sven membership fee. 134.00

2nd unit
2015 oper assess. 581.22
2015 repl reserves. 143.13
2015 est real est tax. 141.39
2015 Svn membership fee additional week. 39.00

Adds up as given in post above. Haven't called them yet but curious what you think. These each are 2 bedrooms.

 

[YYJMSP]

1st unit
2015 operating assessment. 581.22
2015 replacement reserves. 143.13
2015 estimates real estate tax. 141.39
2015 Sven membership fee. 134.00

2nd unit
2015 oper assess. 581.22
2015 repl reserves. 143.13
2015 est real est tax. 141.39
2015 Svn membership fee additional week. 39.00

Adds up as given in post above. Haven't called them yet but curious what you think. These each are 2 bedrooms.

Ah, my mistake -- I forgot to post the property taxes. I will go fix my previous posts. Still only comes out to less than $60 more or around 5.4%

Were your units not in SVN the previous year?

When comparing, we don't usually take in to account the SVN fee...

 

[YYJMSP]

SVR Cascades 2BR L/O, corrected to include property taxes

2015 Operating Assessment - $754.55
2015 Replacement Reserves - $185.97
2015 Estimated Real Estate Tax - $163.01

Total is $1103.53

This is 5.4% more compared to last year's $728.61+$185.97+$132.27 = $1046.85


Other MFs (not including property taxes) from the bill:

1BR = $279.87 + $68.67 = $348.54 vs. $270.30 + $68.67 = $338.97
2BR = $581.22 + $143.13 = $724.35 vs. $561.25 + $143.13 = $704.38

 

[YYJMSP]

SVR Spas 2BR, corrected to include property taxes

2015 Operating Assessment - $565.40
2015 Replacement Reserves - $152.11
2015 Estimated Real Estate Taxes - $87.22

Total is $804.73

This is 4.7% more compared to last year's $545.09+$152.11+$71.66 = $768.86

 

[jramat]

SVR Increases

My units have always been with SVN. I always look at what I'm "writing the check for" when I look at what it costs me each year. This is a huge increase to me. Never happened before.

 

[jramat]

Please Disregard My SVR Rate Increase Issue

I apologize for my previous posts where I stated my year-to-year fees jumped significantly. My "secretary/statistician" quoted me from records that were from 2013 rates, NOT 2014 rates!!!! That makes a difference doesn't it!! Sorry for troubling y'all.

 

[bankr63]

SVR Courts

SVR Courts 2BR Townhouse:
2015 Operating Assessment $675.31
2015 Replacement Reserves $233.68
Total $908.99
2015 Estimated Real Estate Tax $61.34

SVR Courts 2BR Villa:
2015 Operating Assessment $450.88
2015 Replacement Reserves $155.79
Total $606.67

Can't locate last year's account invoice but that's a total of $32.59 increase on the townhouse since 2013.

I have to say that the effect of compounding increases is really becoming evident though. When Courts first opened, there was a small % differential in the MF's between the 2 unit sizes. But with compounding over the past 40 years, the differential has grown to 50%. I really have to questions why a few extra square feet with an extra sofa bed and TV set costs $300 more per year to maintain? Yes, I know I'm just being a baby.

 

[okwiater]

WSJ Hillside 3 bedroom pool villa is $2,841.34 (not including SVN or ARDA). This also excludes property tax which is billed by USVI separately.

Last year was $2,860.22. That's a decrease of $18.88 or 0.7%.

 

[DavidnRobin]

2015 MFs for WSJ VGV (Hillside) 2Bd TH = $2,367.74 (no SVN, no PropTax)
same as in post #16 based on proposed budget

PropTax ~$150/yr

2014 was $2,383.47 - I have this as a 0.66% decrease.
(iirc - this is 3rd decrease in row…)

 

[YYJMSP]

WKORV 2BR Deluxe

2015 Master Association Assessment $372.91
2015 Apartment Owners Assessment $652.11
2015 Vacation Ownership Assessment $1995.26

For a total (not including SVN fees) of $3020.28

Compared to $355.39 + $640.50 + $1930.27 = $2926.16 last year, giving us a 3.2% increase, of which it appears that more than half is an increase in the replacement reserve funding.

Other unit sizes from the statement:

2BR L/O - $270.63 + $473.25 + $1448.00 = $2191.88
1BR - $228.33 + $399.30 + $1361.28 = $1988.91

 

[YYJMSP]

Wkorvn 2br

2015 Master Association Assessment $279.86
2015 Apartment Owners Assessment $583.88
2015 Vacation Ownership Assessment $1613.61

For a total (not including SVN fees) of $2477.35

Compared to $266.71 + $576.32 + $1543.62 = $2386.65 last year, giving us a 3.8% increase, of which it appears that more than half is an increase in the replacement reserve funding.

 

[DeniseM]

2BR L/O - $270.63 + $473.25 + $1448.00 = $2191.88

This looks like a $68.30 increase - so [*3.2%]

*Percentage corrected with a little help from the Math People - thank you!

 

[DavidnRobin]

WKORV 2Bd LO Deluxe (large corner villas)

xxx
WKORV OFD:
2015 MF: 3020.28
2014 MF: 2926.16

An increase of 3.2%

(Oops - I see someone beat me to it...)

 

[DavidnRobin]

This looks like a $68.30 increase - so almost 5%.

It is 3.8% for WKORVN
$2477.35/$2386.35 = 1.038

and 3.2% for WKORV
$3020.28/$2926.16 = 1.032

The %increase should be same across all villa-types within their resort.

 

[DeniseM]

It is 3.8% for WKORVN
$2477.35/$2386.35 = 1.038

and 3.2% for WKORV
$3020.28/$2926.16 = 1.032

The %increase should be same across all villa-types within their resort.

Dave - I will admit that math is not my friend, but I'm talking about the standard 2 bdm. L/O:

2015 - $2,191.88

2014 - $2,123.42