Will be interesting to see the Maintenance Fees on these...
Think the Cabins only lasted 25 Years, and not sure how many "updates" they had... only remember one major one. Is it cheaper to include the replacement cost of the "home" over the life of a contract vs the cost of renovations at a normal resort?
Your post makes me wonder,
@Scalemaster34 , if the following scenario might happen:
- DVC Cabins go into service in 2024.
- Per IRS rules, "manufactured housing" has a depreciation life of 27.5 years (mid-point of 25-30 yrs).
- Does that mean the maximum life of a DVC contract will extend roughly 25 years beyond 2024? (or even for 27.5 years)?
- Meaning points contracts might expire in 2049/2052?
- OKW went active in 1991 and earliest expiration is 2042 for a length of 51 years?
- I would assume the DVC cabins will have to be replaced again about 2049
- Or can DVC replace the cabins one more time for a total contract length of 50 years?
- I understand updates being done on a resort can be done mid-contract but a total "rebuild"? (removal and replacement with a new cabin?). The buildings are essentially brand new again and not simply "updated".
Makes me wonder, anyway.
Bama Ed
PS - personally I think Disney will build behind Pioneer Hall a DVC property (or part resort/part DVC) and many amenities for DVC cabins will be over there. Just IMO.