Am I too picky about cg's?
I rate cg's based on physical condition, amenities and if they actually have them, site size and condition, and bathhouses. It seems quite a few are in a bad need of renovation and don't follow throu...
Forum Discussion
monkey44 wrote:
WRVPO says: "Does anyone have an idea of how much it costs to do a good renovation? Two years ago I did a complete redo of a bathhouse. $125,000 later, I have the best facility there is, period. But that $125,000 I spend earns me not one penny more in revenue unless I raise prices."
Agree with most of what you said in your post, except this part. What you get in return is MORE customers BECAUSE you updated your bathhouse.
Although you've also stated that you have higher prices SO YOU CAN upgrade. which is kinda a contradiction. Higher prices so you can upgrade, then you upgrade and raise the prices. It seems one or the other would make more business sense. IF you raise prices every time you do maintenance or upgrades, seems you'd price yourself out of customers eventually.
Reasonable prices for reasonable campsites / campgrounds should allow both happy and repeat customers, and allow for upgrades that keeps your people coming back.
Like any bathroom or kitchen renovation in a house, upgrading them improves the property value to a certain extent. So while spending $125K, the value of the property also goes up. Obviously you wouldn't realize that increase in value until you sell. And like home improvements, CG improvements would help to attract buyers (and attract customers in the meantime).
Although I don't usually use CG bath houses, it can be a real turnoff reading reviews of a CG that has old and unmaintained facilities. Conversely, and brand new bath house renovation would certainly help with ratings. Same goes for facilities such as the pool, pavilion, laundry, game room, store, etc.
