There’s a lot to love about Disney Vacation Club. From delicious dining to exclusive experiences, becoming part of Disney Vacation Club comes with plenty of benefits to enjoy. What you may not enjoy are the maintenance fees, but they’re an important part of any vacation ownership. Today, we’ll be covering exactly what Disney Vacation Club maintenance fees are and why they’re so important.
Disney Vacation Club Maintenance Fees Explained
Disney Vacation Club maintenance fees are required for owners to pay to maintain their timeshare resort. They go towards employee wages, upkeep, and upgrading or enhancing resort units and amenities. Anyone who owns a timeshare pays maintenance fees. What’s more, these dues are divided among all owners of a timeshare. Annual dues are used to keep the resort attractive and provide everyone with an amazing vacation experience every year. Think of maintenance fees the way you would think of fees to service your car. A car may run well for a while, but if it’s never serviced, it will quickly fall apart. Timeshares work the same way, if you want them to keep working right, you’ll have to spend some money. When you consider everything that comes with resorts like Disney’s Boardwalk Villas or Disney’s Grand Floridian and Spa, we think the cost is well worth it.
How Much Do Disney Vacation Club Maintenance Fees Cost?
Speaking of cost, let’s take a look at how much you need to spend for Disney Vacation Club’s maintenance fees. Maintenance fees vary based on the property you choose as your home resort and how many DVC points you plan to purchase. For example, if you buy 150 points and your home resort is Disney’s Riviera Resort, you can expect to pay about $1,276.00 each year. These maintenance fees are due on January 15 each year. Alternatively, you can make monthly contributions to your fees if you’d like.
What Happens If You Don’t Pay DVC Maintenance Fees?
So, it’s clear that Disney Vacation Club maintenance fees are very important, but what happens when you don’t pay them? If you don’t pay the fees, you’ll default on your ownership. In cases like that, DVC takes ownership of the timeshare, and your credit score will be hurt. Plus, defaulting on your ownership will show up on your credit score. These penalties can be very harmful in the long run. Many big purchases, like a house or car, require a credit check, and seeing these issues on your report will make those purchases much more difficult. Timeshare exit companies often claim that they can get you out of paying your maintenance fees, but they’re usually unsuccessful. In many cases, they try to have the resort foreclose on the timeshare, which still impacts your credit score. Overall, the best thing you can do is keep paying your maintenance fees.
What Should You Do if You Don’t Want to Pay DVC Maintenance Fees?
People can lose interest in paying their Disney Vacation Club maintenance fees for all kinds of reasons. What happens when you don’t want to pay maintenance fees and want to get rid of them safely? Fortunately, there is a solution. If you’d like to part ways with your DVC membership, you can sell your points on the timeshare resale market.
The secondary market gives you plenty of control over how to handle your timeshare. You can decide the price to sell your timeshare for, set the terms, and ultimately choose who the timeshare goes to. Instead of paying an exit company to try to get rid of your Disney Vacation Club maintenance fees, you can use the resale market to make some money back while getting rid of your maintenance fees and keeping your credit safe. Not sure how to get started? No worries, we’re here to help. Fidelity Real Estate has been in the timeshare resale industry for over 20 years, which means we have the experience needed to help you through the whole process. Fidelity’s licensed agents are experts in all of the major resort developers, and we have an A+ rating with the Better Business Bureau, so we’re a trustworthy, credible authority in the secondary market.
How Reselling Your Timeshare Works
Reselling your timeshare may seem intimidating at first, but it’s actually pretty simple! Partnering with a credible reseller like Fidelity means you’ll be working with a licensed agent who can help guide you through the process. To start, all you need to do is create a listing. We can work with you to set the price and make sure you’re happy with the resale process. It’s important to keep your expectations in check when it comes to price. Timeshares aren’t an investment, so you might not get as much as you are expecting when selling them, but it’s the best thing to do if you find yourself asking what happens when you don’t pay timeshare maintenance fees. If you’re a timeshare owner and have questions about selling your timeshare, feel free to call us at 1-800-410-8326 or email us at: [email protected].
If you’d like to know more about how to sell your timeshare, be sure to check out our video down below.
