WKV: 1br premium platinum vs 2br LO gold

[luv_maui]

Considering joining the SVO network at 81,000 star options. We'd like to try and make it to the big 3 during non-peak time otherwise use WKV during peak times. We think wkv would suit us best since we would use it if a star option choice we wanted wasn't available. Also, for the long term a 1 bedroom premium would work just fine. However, what are the pro's and con's of buying at the 1 br premium platinum vs. 2 br LO gold. These are my considerations:

1) what are the MFs for 1br premium platinum vs. 2 br LO gold?

I'm guessing the MFs are lower for the 1 br, but just not sure what they are?

2) initial costs, not sure which is going to be more?

3) 2 br gold seems to offer more flexibility if deciding to lock-off and trade outside SVO, however, 1br offers ability to reserving at WKV during the best season (not sure if we'd really want to go to WKV during gold season).

4) are there other considerations I haven't thought about?

 

[SDKath]

WKV platinum 1BR is next to impossible to find. If you find one -- buy it!

The gold weeks sell for about $8000 on eBay. More MF but 2 weeks worth of vacations.

 

[tomandrobin]

If your are buying mostly for Staroptions for use at the big three, then buy the one bedroom. If you will be using II for trades then buy the two bedroom.

 

[Pit]

I would say, if you're buying for SOs, get the 1 bdrm to minimize m/f.

If you're buying for II trades, buy somewhere else within the SVO system. Resale voluntary weeks are a lot cheaper.

 

[grgs]

1) what are the MFs for 1br premium platinum vs. 2 br LO gold?

I'm guessing the MFs are lower for the 1 br, but just not sure what they are?

2008 2 bd: $1,212.18 (148,100 options for Plat season; 81,000 for Gold)
1 bd prem: $788.41 (81,000 options for Plat season)
1 bd stan: $540.77 (67,100 options for Plat season)

(above totals include m.f., taxes, SVN fee, & optional $5 ARDA fee)

2) initial costs, not sure which is going to be more?

2 bd Gold between $8,500-10,000; 1 bd prem Plat are not seen nearly as much on the resale market. I would estimate a reasonable price would be $12,000.

So if there's a $3,000 price difference between the 2 bd Gold and 1 bd prem Plat, and the mf on the former run approx. $424 more ea. year, it would take approx. 7 years to make up for the higher upfront cost. I expect there would be differing opinions on whether the initial higher cost for the 1 bd prem would be worth it or not.

3) 2 br gold seems to offer more flexibility if deciding to lock-off and trade outside SVO, however, 1br offers ability to reserving at WKV during the best season (not sure if we'd really want to go to WKV during gold season).

4) are there other considerations I haven't thought about?

If you want to go to WKV during peak platinum weeks (March Spring Training/Spring Break/Easter weeks), I think you'll want to own that season. In that case hold out for a 1 bd prem plat (or save up for a 2 bd plat ).

Glorian

 

[readyalready]

Do the 1bd plat get bonus weeks thru II?

Will a gold week trade very well, since SVO gives other weeks for trading, would you be likely to get an offseason somewhere else?

I'm also getting my feet wet with an 81,000 option unit and decided to go with VV. I would rather have the WKV 1bd premium, but wasn't ready to pay the premium or really do the work to find one (didn't SDKath help someone find one this week for 11k?) I'm not looking to use either and would rather have 148k options and pay higher MF for that initial investment.

 

[DeniseM]

Do the 1bd plat get bonus weeks thru II?

My understanding is that Starwood deposits do not get AC's because Starwood bulk deposits all exchange weeks.

Will a gold week trade very well, since SVO gives other weeks for trading, would you be likely to get an off season somewhere else?

If you are buying resale, Starwood should only deposit a week from your home resort, but it may be off-season. Some owners report that they have had success calling Starwood and requested that a different week be deposited, if they are unhappy with the first one. In the Owner Resources sticky at the top of the board there is an article, about how Starwood exchanges with II work, that you will find helpful.

I'm also getting my feet wet with an 81,000 option unit and decided to go with VV. I would rather have the WKV 1bd premium, but wasn't ready to pay the premium or really do the work to find one (didn't SDKath help someone find one this week for 11k?) I'm not looking to use either and would rather have 148k options and pay higher MF for that initial investment.

SDKath is looking for a resale for herself, and I believe that she posted because she found a good deal that she couldn't use, but thought someone else might. Owner's that find the best resale deals often spend weeks or months looking.

 

[DavidnRobin]

2008 2 bd: $1,212.18 (148,100 options for Plat season; 81,000 for Gold)
1 bd prem: $788.41 (81,000 options for Plat season)
1 bd stan: $540.77 (67,100 options for Plat season)

(above totals include m.f., taxes, SVN fee, & optional $5 ARDA fee)

. In that case hold out for a 1 bd prem plat (or save up for a 2 bd plat ).

Glorian

The 2008 MFs/Taxes for the 1Bd Prem WKV units was $643.
Since SVN fees vary and ARDA is optional - IMO it is better to compare base fee.

 

[readyalready]

The 2008 MFs/Taxes for the 1Bd Prem WKV units was $643.
Since SVN fees vary and ARDA is optional - IMO it is better to compare base fee.

thanks for pointing that out (and I see that it only takes 20yrs to make up the diff from SVV instead of 40, assessments aside in increases the same rate)

 

[tonyh]

Considering joining the SVO network at 81,000 star options. We'd like to try and make it to the big 3 during non-peak time otherwise use WKV during peak times. We think wkv would suit us best since we would use it if a star option choice we wanted wasn't available. Also, for the long term a 1 bedroom premium would work just fine. However, what are the pro's and con's of buying at the 1 br premium platinum vs. 2 br LO gold. These are my considerations:

1) what are the MFs for 1br premium platinum vs. 2 br LO gold?

I'm guessing the MFs are lower for the 1 br, but just not sure what they are?

2) initial costs, not sure which is going to be more?

3) 2 br gold seems to offer more flexibility if deciding to lock-off and trade outside SVO, however, 1br offers ability to reserving at WKV during the best season (not sure if we'd really want to go to WKV during gold season).

4) are there other considerations I haven't thought about?

To me this is a no-brainer. Buy the 1 BR platinum. I wouldn't consider buying non-prime season unless you're certain you want to use it during that season. Besides, paying the same amount of maintenance fee as a 2 BR platinum just doesn't make economic sense. You may have to pay more upfront but remember you can recover most, if not all, of it when you sell it. Most off-season units are much harder to sell.

 

[DavidnRobin]

thanks for pointing that out (and I see that it only takes 20yrs to make up the diff from SVV instead of 40, assessments aside in increases the same rate)

Granted - but the value of any resort comes down to more than this. WKV is worth much more to us than VV regardless of the cost per SO and MF differences.