Maintenance fee stability on time share units

[john.vanriper.75]

Hello, first time posting:
Maintenance fee stability on time share units, wondering about Valdoro Mountain Lodge for example. Will the fees stay the same for ever? I have a place at the Elara Las Vegas, fees have been the same for the past 4 years.
Thanks

 

[Talent312]

Maintenance fee stability on time share units, wondering about Valdoro Mountain Lodge for example. Will the fees stay the same for ever? I have a place at the Elara Las Vegas, fees have been the same for the past 4 years.

"Will the fees stay the same for ever?"... If wishes were horses, beggars would ride (English ditty).

MF's are set annually by HOA Boards (under HGVC control). Valdoro's increase from 2016 to 2017 was 2.67% - 4.17%. Elara is in active sales, so HGVC has been holding the line.
.

 

[Nomad420]

"Will the fees stay the same for ever?"... If wishes were horses, beggars would ride (English ditty).

MF's are set annually by HOA Boards (under HGVC control). Valdoro's increase from 2016 to 2017 was 2.67% - 4.17%. Elara is in active sales, so HGVC has been holding the line.
.

Talent,
Would you expect Elara MF's to spike significantly once it "closes out"? I know I reported that 57th st. is supposedly also sold out and MF's went up but they have be rising for the past several years (as have HCNY).
I have held a TS for years in Utah (Iron Blosam) and the MF's have shot up horribly in last 5 years, so much so they are almost to the point where one could get a decent hotel room just off mountain for the same price. I picked it up cheap (very) initially but it is still annoying to say the least. Part of the issue is the building is getting old and starting to need major repairs. Probably will eventually dump it if/when things get out of hand.

 

[DeniseM]

While a resort is in active sales, the developer subsides the MF to keep them low, because that looks good for sales. Historically, once the resort is sold out, the MF increases every year. This is controlled by the Board, but at many resorts (most of the big systems) the developer/management company still calls the shots because the have a lot of influence over the BOD (and in some cases pick the candidates), so they are in control of the MF. Typically, the management company gets a percentage of the MF, so they aren't motivated to keep it low. Also, management often has pet projects that they want funded, which they will push through, whether the owners want it or not.

 

[Talent312]

Would you expect Elara MF's to spike significantly once it "closes out?"

Not knowing how much MF stuff is being covered by HGVC (w/o charge to the HOA), it's difficult to say.
But as sales cool, MF's increases at Elara of about 6-8% for several years running would not surprise me.
Just a guess... YMMV.

.

 

[GT75]

Maintenance fee stability on time share units,wondering about Valdoro Mountain Lodge for example.

If you are looking for a simple, yes/no answer to your question, then I agree with others. They will increase. If you want to know how much the MFs at Valdoro in particular have increased in the past from 2007 - 2016, then I can look at the budget statements and get that information.

 

[alwysonvac]

Not Valdoro but examples of HGVC MF increases over a 10+ year time period

• Las Vegas - http://www.tugbbs.com/forums/index....017-maintenance-fee-list.247165/#post-1935774
• Orlando - http://www.tugbbs.com/forums/index....017-maintenance-fee-list.247165/#post-1936015