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What should I Buy?

JoeShmo82

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Hey All,

Trying to figure out if this would be a fit for us. Started kind of looking into this last year when we went to Disney, while planning the trip i started seeing ads for DVC and we went ahead and checked out one of the units, I was curious if they were the same as the cash rooms, and briefly spoke to a guide while we were there at the Polynesian. Then while at a Hilton hotel several months ago we were offered a discounted trip by the concierge if we went to a presentation, stayed at HGVC Seaworld last week and did not purchase anything while there but decided i would look into it more when we got home. Before we went i had pretty much already decided that if we were interested resale would be the way to go, i still think that. I think i understand DVC pretty well, but i am still a bit confused on HGVC and what resale members can book / cant book, what all the tiers are etc. DVC and HGVC are the main two i have been looking into, we have been happy with hilton and disney accommodations in the past. DVC i would probably stick to a smaller contract, go every other year or so, HGVC i would be more interested in enough points for every year maybe even a couple weeks a year, depending on the cost. My main interest in this is getting more vacation for same cost.

1) Is there a vacation destination you wish to visit most of the time or on a regular basis? if so where?
We like to go to Florida beginning of summer, Colorado and Texas are close for shorter trips

2) Do you want to visit your home resort at least half the time, or do you want to trade more than half the time?
Trade about half

3) What are your 5 top trade destinations?
Europe, Caribbean, Hawaii, California, Cruise

4) How many people do you usually travel with - total, including yourself?
3, 2 adults and a 7 yo

5) Can you travel any time, or are you locked into the school schedule?
School Schedule

6) Can you make firm plans 12 or more mos. in advance?
Yes, we usually have her school schedule before the end of the previous year

7) Can you vacation for a full week at a time?
Yes, prefer to stay a week if flying

8) What level of accommodations do you prefer on a scale of 1 to 5 stars?
3+ ? 4 + (depends on who is rating them)

9) How much can you afford to spend upfront, without financing?
10k mol, i dont want to spend too much but also have to admit that hotel rooms are getting more expensive

10) How much can you afford to spend every year for a maintenance fee that will come due right after Christmas, and increase each year?
1 - 2 k, i dont want to spend too much but also have to admit that hotel rooms are getting more expensive

11) Are you a detail oriented planner?
Yes

12) Do you understand that once you buy a timeshare, it may be very difficult to sell or give away, and you are responsible for all fees, until you do?
Yes

Thanks for all the help
Joe
 

CaliSunshine

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The good news is that DVC and HGVC both treat resale owners well with minor differences to retail contracts.

HGVC I’d look at Craigendarroach since you mentioned you would be interested in going to Europe. Orlando is generally easy to get into relative to a lot of locations.
 

elaine

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A few options for dvc and/or hgvc-I own and like both systems.
1. Dvc is well-priced for resale currently. With your budget, I’d consider buying dvc for your needs every other year and use it only for dvc, whether in Orlando, CA, or Hawaii. Dvc resale keeps its value reasonable well-so you can likely recoup 75%+ if you sell in 7-10 years. And, on the other years you don''t use DVC just continue to pay for other trips and cruises on the other years. And/or
2. Buy a resale hgvc and use the points to stay at hgvc resorts in Orlando, CA, and Hawaii where hgvc has excellent properties. Hgvc coverage for most Europe and Caribbean is meh and some like Italy can be tough trades. So I’d plan to pay cash for those locations (and cruises) most times. I’d also only buy hgvc to use within hgvc. Forgot about MAX or the newly acquired Diamond properties now call “HGV.”
Pop over to the hgvc forum and is lots of research to see what is best for you.
Good luck!
 
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JoeShmo82

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Thanks for the info

I've seen Craigendarroach mentioned in threads about low maintenance fees per point, ill have to look into it more. I had gotten the expression that the Orlando resort were easy enough to book, is there anyway for a non member to see availability at various places?

On DVC, yeah I have it figured we would be happy on around 50 points, looks like that is about $10,500 resale at grand Floridian ($378.50 current annual maintenance fees), would get us sun - Fri in late May every other year (5 Nights every other year with 10 points left over) in a resort style 2 queen room there at gf, it's my understanding these are not the most popular and have decent availability. We would also be interested in staying at aulani, Vero, Hilton Head and the Savannah view over at animal kingdom (I hear savanna view is easier to get than value which kinda surprised me), which I'm pretty sure we could get at seven months, would also be interested in Disneyland but not sure we would have much luck being limited to dl hotel on the resale restriction. Honestly we would probably end up wanting to stay at all 14 for at least a couple nights at some point.

I'll have to check out the hgvc section more, good to know about Max and cruises being less than worth it.

Thanks
Joe
 

SteveinHNL

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Thanks for the info

I've seen Craigendarroach mentioned in threads about low maintenance fees per point, ill have to look into it more. I had gotten the expression that the Orlando resort were easy enough to book, is there anyway for a non member to see availability at various places?

On DVC, yeah I have it figured we would be happy on around 50 points, looks like that is about $10,500 resale at grand Floridian ($378.50 current annual maintenance fees), would get us sun - Fri in late May every other year (5 Nights every other year with 10 points left over) in a resort style 2 queen room there at gf, it's my understanding these are not the most popular and have decent availability. We would also be interested in staying at aulani, Vero, Hilton Head and the Savannah view over at animal kingdom (I hear savanna view is easier to get than value which kinda surprised me), which I'm pretty sure we could get at seven months, would also be interested in Disneyland but not sure we would have much luck being limited to dl hotel on the resale restriction. Honestly we would probably end up wanting to stay at all 14 for at least a couple nights at some point.

I'll have to check out the hgvc section more, good to know about Max and cruises being less than worth it.

Thanks
Joe
Joe, you mentioned a double queen room. For us, one of the most enjoyable things about timeshare is staying in larger units, 1BR or 2BR with a kitchen and living room area. I know a lot of folks' impression is "who wants to cook on vacation," but I think most are amazed at how enjoyable it is to wake up, make your own breakfast, even if it is just bagels and cream cheese, a bowl of cereal, or something more elaborate. It's also great having snacks and food in your kitchen, and having room to spread out. I have to say, and I know we are not alone in this, that after buying timeshare, I now feel a bit deprived if I have to stay in a hotel room vs. a timeshare.
BTW, we own in the Hyatt deeded system (fka Hyatt Residence Club). Hyatt has fabulous properties in Florida, Hawaii, and Colorado, although the Florida properties are not in the Orlando/Disney area.
 

noreenkate

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everything @elaine said is spot on.…
Keep in mind that with DVC you will get access to Interval gold membership so that gives you some pretty decent access to “interval getaways.” '

Craigendarroach was one of the destinations that I had originally considered adding- my pros were low fees and trades in Interval. So there is always the possibility of trading into DVC and access to getaways…My only con was not understanding how the system works,- from what I could see it behaves slightly different from other HGVCs.
 

JoeShmo82

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Regarding the larger room and kitchen, you wouldn't have to convince us we thoroughly enjoyed the kitchen at hgvc SeaWorld.

I had focused on Hilton and Disney out of familiarity, could I ask what about Hyatt appealed to you (I'm super unfamiliar with them)?

Interval is something I have heard of but do not fully understand, I'll look into that more too.

What's the best way to gauge availability without beta member at these places?

Thanks
Joe
 

austdav

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My main interest in this is getting more vacation for same cost. We like to go to Florida beginning of summer. Why not get an independent resort then. I own a 1bd plat. unit at HGVC SeaWorld. The only area you can get to easily is orlando and miami. The other areas on their website in FL are affiliates with little to no inventory. A 2bd HGVC is 11200pnts a 1bd Hawaii is 11500pnts. If your trading in make sure you have enough points. Although you can borrow from next year. My point is you can get great value from an independent timeshare. I own Magic Tree in Kissimmee FL. mfs on a 2bd are $600 on a 1bd $525. They havent raised mf's in over 20 yrs im told. You can buy right from the resort. They will give you a 1bd for free. 2bd is usually 2k or less, but not always available. You can exchange through any exchange you want, or belong to all of them if you want. That gives you a lot of choices on getaways and last call vacations. I own 3 wks here but thats where my grandkids are. I always stay wks 51-52 and have never had a problem reserving those wks. I buy right from the resort, they do a quick deed and in about a week its ready to go. Its a gold crown resort & all amenities are free for owners. If you dont want to be in the orlando thats ok. My point is their are a lot of independent timeshares that are great values. A resent post recommended a resort in Ft Lauderdale. Banyan House in Key West is another resort that you can buy resales right from the resort, and is one of the best rated in the keys. If you go to the Hawaii forums section i seen a post on independent timeshares there. I think you will find these resorts are a lot cheeper to own & maintain than motel chain timeshares. A gold crown resort that you can get for free right from the resort & mfs that are 525 1bd or 600 2bd that's inexpensive. Thats 75-85 a night for a stay.
 

elaine

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I would caution to always think exit strategy. In my experience, "brand names" like HGVC, Marriott, Disney, etc. will be easier to divest later than an independent. I divested 3 prime summer weeks (from HHI and NC coastal) at independents and found this to be the case.
 

austdav

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I was in the lobby at Magic Tree when I saw an older couple walk up to the front desk and said they were not able to use their week no more. The lady at the front desk said we will take it back but we don't pay anything. It was ok'd and done right there. I asked about this last Christmas at the owners meeting. I was told they now ask 2yrs mf's. because they know in 2yrs it will be reoccupied. I asked what if they just quit paying? She said it's not worth fighting, their probably not going to pay regardless and the more time it takes us to get the unit reoccupied. Of course exit plans can change at anytime, anywhere. So prime season is important. Also if you just divest it back to the company you're also out what you paid for it.
 

JoeShmo82

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Regarding an independent resort, I think I would feel more comfortable with a chain that we are familiar with and preferably have already stayed at for now. That said, it's something I will keep in mind down the road, see if we can trade into something that looks interesting to try it out some day.

Availability is one of my main concerns, I have found a couple of sites with DVC availability info but haven't found much of anything for hgvc, guess I'll keep looking for that.

All that said, I'm fairly confident that I should just go with a small (50 point) DVC resale contract, we could go every other or every third year with that and it would save us a ton over paying cash rates there. I was thinking Grand Floridian at first as that would be both mine and my wife's first choice but now I'm also considering animal kingdom. I'm fairly certain that we could get the room we want, resort style studio, at gf in late May at 7 months and if not I'm also fairly certain we could get a poly studio at 7 months that time of year. Ak would be cheaper up front but cost a little more each year, appears it would come close to even over the 33 years ak would last. Gf would last an extra 7 years but we would be old by then, be 75 when ak expires in 2057. The lower buy in of ak would make it seem ahead after fewer trips.

Also have higher expectation of being able to get out of a DVC contract compared to most other options in the event it isn't for us.

Joe
 

ScoopKona

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I was in the lobby at Magic Tree when I saw an older couple walk up to the front desk and said they were not able to use their week no more. The lady at the front desk said we will take it back but we don't pay anything. It was ok'd and done right there. I asked about this last Christmas at the owners meeting. I was told they now ask 2yrs mf's. because they know in 2yrs it will be reoccupied.

They can, and do, change the terms at the drop of a hat. So don't count on anything. In general, name-brands are easier to unload when the time comes. In general. There are some very popular independents which are in demand. Let completed sales history be your guide.
 

Janann

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All that said, I'm fairly confident that I should just go with a small (50 point) DVC resale contract, we could go every other or every third year with that and it would save us a ton over paying cash rates there. I was thinking Grand Floridian at first as that would be both mine and my wife's first choice but now I'm also considering animal kingdom. I'm fairly certain that we could get the room we want, resort style studio, at gf in late May at 7 months and if not I'm also fairly certain we could get a poly studio at 7 months that time of year. Ak would be cheaper up front but cost a little more each year, appears it would come close to even over the 33 years ak would last. Gf would last an extra 7 years but we would be old by then, be 75 when ak expires in 2057. The lower buy in of ak would make it seem ahead after fewer trips.
Be sure to compare how many nights you will get from 50 points at GF vs. AK.

 

elaine

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I'm fairly confident that I should just go with a small (50 point) DVC resale contract, we could go every other or every third year with that and it would save us a ton over paying cash rates there.
This is exactly what we did- zero regrets. We started with 50 VWL points, as we wanted to stay there at Christmas. Then, we found ourselves always swapping after that to AKV. 7 years later, we sold VWL and bought a larger AKV contract. We book at 11 months to lock in our trip, then swap at 7 months if we want. It's very easy to book canx and rebook as much as you want. The only fees are your annual maintenance fees. We still love AKV after 10 years. It's like no place we've ever stayed.
You'd need a HGVC owner to check for HGVC availability. Florida properties would be for 9 months out--so early summer won't show up until September. But, if you post on the HGVC forum then, a HGVC owner could likely to do a HGVC search for you. Good luck! Elaine
 
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austdav

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In HGVC Orlando is available most anytime within a few months. Miami is readily available most of the time but book ahead in winter time. All other areas in orlando are generally not available even 9mos out. Although sometimes you can find 3 days here or there. Hawaii is available 9mo out at most places but some take a lot more points. A 1bd at some resorts can be more points than a 2bd in orlando and studios in Hawaii are gone quickly. If interested in somewhere else i can check, just seemed you were looking at warm weather places. When i bought around 2005 HGVC had studios, 1bd, 2bd etc. Then they discovered they could put ocean view, deluxe, premium etc after the room size and charge 50% more points along with still raising mf's. Win Win. Its just what these places do. Im not sure either why there are so many HGVC's for sale under 1k when it's so easy just to deed it back. Or is it just easy if they can use what your wanting rid of. That dont seem right.
(Dvc resale keeps its value reasonable well-so you can likely recoup 75%+ if you sell in 7-10 years) Sounds like a Great investment. Dont get me wrong i used to own marriot, and hyatt, and still own HGVC, and have had many great vacations. Just want you to know as much as possible what your getting. Best wishes and if you have questions on HGVC let me know.
 

austdav

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All other areas in orlando are generally not available even 9mos out.---- Sorry meant florida not orlando
 

JoeShmo82

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Good to know on the hgvc availability.

Been watching DVC resale prices the last week or so

Joe
 
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