For your first time at Walt Disney World, stay on site.
Disney's resorts come in several tiers/price points, so you can stay there for reasonable prices (Value), decent but not great prices (Moderate), or somewhat obscene prices (Deluxe). It's worth splurging on a nicer hotel if you can afford it, but you'll still get Disney magic at a Value resort! With small children, you're likely to spend a decent amount of time at the Magic Kingdom, so consider the Polynesian Resort. — Quora user Michael Lee