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Fifty4F100's avatar
Fifty4F100
Explorer
Jul 10, 2017

Buying campsites

Just started thinking about this lately and wonder about all the pitfalls. I love going to the Smoky Mtns. For about 40 years I've been going at least once a year. I've toyed with the idea of moving there for years, but it never worked out. Now that I'm about to retire I've found at least one campground where individuals own the sites in the campground. Looks nice from pictures yes I've been fooled by that before, but I know this place a little and its that good.

My questions would be:
1) What are the tax problems with owning a campsite.
2) What kind of bills (electric metered) might I get during hot summer and coldest winter?
3) Are there other HOA problems that might come from a campsite besides the usual problems homeowners have?

13 Replies

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  • Roadpilot's avatar
    Roadpilot
    Explorer
    Jul 10, 2017
    You've got some good advise already. We own two lots in Florida. We stay on one in the winter and rent the other out. The rental does very well and more then pays for itself.

    Even though you own a lot, you can still travel and rent it out.
  • kerrlakeRoo's avatar
    kerrlakeRoo
    Explorer
    Jul 10, 2017
    x-2 what the Captain said, with an addition, go there not just to talk to the operators but to visit with others who are there and have bought sites. Not the ones looking to sell only, also the ones who are satisfied with their purchase and find out why.
  • Captain_Happy's avatar
    Captain_Happy
    Explorer
    Jul 10, 2017
    Why not just contact the Park owners and ask them your questions. I think you'd get better answers. Every campground has it's own rules & expenses. If this is a deeded lot then yes you'll have taxes & insurance expenses. But if it's membership park you'll have maintenance(water & sewer)fees to pay, or membership fees. And electric of course. My advise is to read over the park rules before signing anything. You'll be surprised what kind of rules that's written in them.

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