Why buy a RV lot?
RV ownership is on the rise while the number of RV resorts has not kept pace. This trend is expected to continue as municipalities throughout the United States impose land use restrictions.
As a result, owning your own RV lot is a smart move for a number of reasons. Instead of throwing away money on rent, your mortgage payments build equity and may be tax deductible. In addition, your deeded RV lot can generate income for you if you choose to rent it out.
So, own or rent? You decide which is best. Hundreds of RV owners have already made the decision to own vs. rent. It just makes sense. And why buy at a 6-month resort when you can buy at a resort that is open year round?
Advantages of Owning your RV lot
Tax breaks may be possible on both the property and the association dues if you decide to rent out your RV lot.
Timing is everything: Baby boomers are looking to purchase RVs with lots as second homes and RV sales are on the rise with a scarcity of RV resorts that offer full hook-up sites.
Rental income potential: The resort manages the rental of your RV lot. Income is split 75% for the owner; 25% for management.
When compared to the upkeep and man-hours of a cottage, owning your own RV lot saves you time, money, and headaches. The idea is to relax.
Reservations are never needed. When you own your own lot, you are always guaranteed a spot during peak season.
