2017 HGVC Resorts with the lowest MFs

[GT75]

I wanted to know which HGVC Resorts have the lowest MFs. To me anyway, this is useful information if wanting to make a purchase purely for points. I used the MFs currently being reported in the sticky with what I believe the best point value possible at the resort. Below are the top 15.

If you see anything that I have missed or mis-calculated, please let me know and I will update.

 

[SmithOp]

Thanks for putting this together. It would be interesting to know how many of these are still being propped up by developer subsidies, Ocean 22 for sure since its the newest.


Sent from my iPad using Tapatalk

 

[dioxide45]

You have a typo in the Resort name for item #3.

 

[GT75]

You have a typo in the Resort name for item #3.

Thanks, not my strong suite. I will fix next update.

 

[silentg]

What is your opinion on Reserves?

 

[buzglyd]

Thanks for putting this together. It would be interesting to know how many of these are still being propped up by developer subsidies, Ocean 22 for sure since its the newest.


Sent from my iPad using Tapatalk

I would bet Italy is as well. Those are some pretty low fees.

 

[CalGalTraveler]

Italy may be affected by the exchange rate. We just returned from Canada and I had to keep reminding myself that everything costs almost 25% less in US dollar terms.

 

[Jason245]

I wanted to know which HGVC Resorts have the lowest MFs. To me anyway, this is useful information if wanting to make a purchase purely for points. I used the MFs currently being reported in the sticky with what I believe the best point value possible at the resort. Below are the top 15.

View attachment 3062
If you see anything that I have missed or mis-calculated, please let me know and I will update.

I would put an astrix on all the non USD paid MF.

Right now the USD is at or near historic highs against multiple foreign currencies including being at near parity with the Euro.

 

[1Kflyerguy]

Thanks for putting this together. It would be interesting to know how many of these are still being propped up by developer subsidies, Ocean 22 for sure since its the newest.

Sent from my iPad using Tapatalk

The budget included with my MF statement for Kings Land shows a developer subsidy. That is listed as one year agreement that automatically renews until the developer cancels it.

I don't have access to the other budgets, but my guess is that all of the HGVC resorts that still have active sales, and development potential get a subsidy. I am thinking the LV Strip and Parc Soleil , that don't any current construction, but have space / dormant plans for more units get a subsidy.

 

[GT75]

The budget included with my MF statement for Kings Land shows a developer subsidy. That is listed as one year agreement that automatically renews until the developer cancels it.

Is this for all 3 phases at KL?

 

[GT75]

Right now the USD is at or near historic highs against multiple foreign currencies including being at near parity with the Euro.

I agree with your statement. It seems like the 1 Euro was worth about $1.5 just two-three years ago. This is off my memory.

 

[1Kflyerguy]

Is this for all 3 phases at KL?

I believe so, it shows under the HOA income section, with no breakdown by phase.

 

[GT75]

I believe so, it shows under the HOA income section, with no breakdown by phase.

Can you provide the percentage of total being subsidy (or you can PM me the budget report)? I am curious because I have a purchase in progress for KL Phase 1. I purchased because of low cost and low MFs. So I would like to prepare myself for a possible MF percent increase sometime in the future.
Thanks

 

[GT75]

What is your opinion on Reserves?

Of course Reserves are a way to save for future projects at the resort such as painting, roofing, furniture/suite updates. It is a way to help prevent special assessments on MFs when they become necessary. I personally like to have a fairly steady MF cost from year-to-year. That ,for example, is how we have pay our electric bill each month for many years.

I am of course no expert myself on timeshare MFs. My only reason for putting the list together in the first place was to look for the resorts with the lostest MF costs. This to me should be a consideration in purchase of any TS.

Do you have more to your question or maybe an opinion of this subject?

 

[SmithOp]

Can you provide the percentage of total being subsidy (or you can PM me the budget report)? I am curious because I have a purchase in progress for KL Phase 1. I purchased because of low cost and low MFs. So I would like to prepare myself for a possible MF percent increase sometime in the future.
Thanks

Here is the Revenue section, the total balances with Expenses. I expect it to continue for some time since they have 5 phases planned.

 

[GT75]

Here is the Revenue section, the total balances with Expenses. I expect it to continue for some time since they have 5 phases planned.

Thanks SmithOp. I am always thankful for the information that I have learned here. I didn't know about the 5 phases for KL either.

 

[SmithOp]

Thanks SmithOp. I am always thankful for the information that I have learned here. I didn't know about the 5 phases for KL either.

Here's an old pic of the Waikoloa area thats been floating around here for quite some time, its been discussed a few times. KL will eventually fill in all the way to the golf clubhouse on both sides of the road. Marriott will be converting their property to timeshare, and Hilton is also converting the Ocean Tower at the hotel. Its becoming the Hawaii version of Orlando with all the timeshare development , expecting huge growth from the Asian market. Unlike Maui, the BI is timeshare friendly.

There is a housing development under construction to the north of KL phase 1, that entrance to the resort was recently opened.

Sent from my iPad using Tapatalk

 

[GT75]

 

[Cyberc]

I just looked up the financial report for 2015 @ HGVC at the boulevard.

That shows that subsidy of 374,538$ was given but also 122,037$ was provided for replacements.

NOTE 9 - RELATED PARTY TRANSACTIONS (Continued)


The Developer’s obligation under this subsidy agreement for the year ended December 31, 2015, was $122,037 for replacement. As of December 31, 2015, $4,065 was due to the Developer for overpayment of assessments. As of December 31, 2015, the Developer owned 746 ownership interests based on year 2015 occupancy.

 

[MattnTricia]

I wanted to know which HGVC Resorts have the lowest MFs. To me anyway, this is useful information if wanting to make a purchase purely for points. I used the MFs currently being reported in the sticky with what I believe the best point value possible at the resort. Below are the top 15.

View attachment 3067

If you see anything that I have missed or mis-calculated, please let me know and I will update.

Coylumbridge - I own several units and the average for 7000 points was $640 US. This included my credit card fees. All of my weeks were 7000 point weeks.

 

[GT75]

Update to spreadsheet!!!!!

 

[Sky313]

My coylumbridge statement for 2017 for a 2 BR that i recently bought resale is 561 pounds => $689 based on the low exchange rate today 1 pound=1.23 dollars (not including credit card fees). Even if Mattnday's is lower, #2 on the spreadsheet is likely inaccurate at $578.56

 

[CanuckTravlr]

A great and useful idea!

I want to add a couple of comments (it's the accountant in me!! (lol): Your ratio calculation is correct in the final column. However, the final column should properly be titled "MFs/Point", since you are measuring the maintenance fee costs divided by the points (for a ratio of the MFs per point), not the ratio of the points per MF dollar. You are not alone...many people get the naming of ratios reversed.

Also, you have not included the Ocean 22 1-bdrm plus unit on your list. With 2017 maintenance fees of $719.23 and points of 6200, it works out to a ratio of .1160, which places it after the Ocean 22 2-bdrm plus, but just edging out the 3-bdrm plus.

 

[GT75]

A great and useful idea!

I want to add a couple of comments (it's the accountant in me!! (lol): Your ratio calculation is correct in the final column. However, the final column should properly be titled "MFs/Point", since you are measuring the maintenance fee costs divided by the points (for a ratio of the MFs per point), not the ratio of the points per MF dollar. You are not alone...many people get the naming of ratios reversed.

Also, you have not included the Ocean 22 1-bdrm plus unit on your list. With 2017 maintenance fees of $719.23 and points of 6200, it works out to a ratio of .1160, which places it after the Ocean 22 2-bdrm plus, but just edging out the 3-bdrm plus.

Thanks for the comments.

It has been updated.

 

[alexb]

My coylumbridge statement for 2017 for a 2 BR that i recently bought resale is 561 pounds => $689 based on the low exchange rate today 1 pound=1.23 dollars (not including credit card fees). Even if Mattnday's is lower, #2 on the spreadsheet is likely inaccurate at $578.56

My fees for 2 bedroom are 480 pounds for 2017