as a prospective buyer of dvc I would like to hear from you,the experienced owners. what have been the pros and cons of your ownership experience?
I understand that every one has different reasons for owning and different likes and dislikes.I am just trying to see if there is some common ground/issues you all agree on.
(excuse me if this has been covered before,I did a search and did not find what I was looking for.)
In all honesty, everyone has their own set of pros and cons. And I think that you almost have to become a member to truly understand the way that ownership works. You can educate yourself ahead of time but until you're the one who is dealing with borrowing/banking, points in holding, lack of availability and wait listing, you really only have a small idea of how it all works.
I agree with buying as many points as you need to take your vacations plus 10%. While it is rare for DVC to change point requirements at a resort, it does happen and then members who purchased "just enough" either have to buy more or they end up in perpetual borrowing mode.
It is also getting more difficult to book your non-home resort at 7 months, so owning where you want to stay is very important. Don't buy Vero or HH if you want to stay at WDW. Don't purchase SSR with the expectation of booking AKV value studios or BWV std. view studios on a regular basis. I also agree with those who advocate renting a DVC reservation at the resort(s) you are considering before you make your purchase. I thought that I would love BLT until I stayed there but only found it to be okay. OTOH, I fell in love with both AKV and BWV after just one stay, and I didn't anticipate even liking AKV.
DVC is a timeshare first and foremost. The villas will not be refurbished as often as the hotel rooms are. Don't expect that well-themed villa to keep those same unique features. I still miss the teacup lamps at BWV.
As far as my pros and cons - The pros are very much emotional. I know that I can always have a Disney trip in the works. It makes going there often more affordable for us. I also know that I can book resorts in 3 different parts of WDW because I own at AKV, a monorail resort and an Epcot area resort. And I love all 3 of my home resorts. It's also reassuring that DVC holds its value. It could sell my contracts now for more than I paid for them - even the VGF contracts that I purchased last year. The cons would be the competition for villas during DVC's busiest periods, the need to plan more than a year ahead of time so that I know how my points are going to be used this year, and the next and then the year after that, and finally paying my dues in January. Paying the dues is a way to remind me that these trips are not *free*. I prepaid for ownership and continue to pay for it every year. And lastly, the timeshare compromise when it comes to infrequent housekeeping and longer refurb schedule.