I currently have a parking space at home and really enjoy it. Some folks are not able to have RV parking at home for any price. Consider the following:
Suppose there were two identical houses for sale but one had a space for RV parking (compliant with any codes, ordinances or covenants) and the other one didn't have an RV space. Would you pay more for the one with RV parking? How much more would it be worth to you?
Where I live RV's can be parked on the street for up to 72 hours. So if you own an RV and want it close the RV parking is important. My house has it. Otherwise there is the extra cost of parking the RV in a secured storage lot and hope that nothing gets ripped off or the RV damaged.
Let's say a space at an RV storage facility costs $60 per month. If that same $60 were applied to a monthly payment on a mortgage instead, it would buy an additional $12,000 on a 30-year mortgage at today's interest rates.
I am not sure that looking at it from a 30 year mortgage position is necessarily how to view it. Do you look at the house you are buying as the price or what it will cost with interest, taxes, principal, and all the other costs over 30 years. That is usually at least twice and can be three times the price of the home.
Would the convenience and security of having your RV parked at home be worth paying an extra $12,000 for a house that has RV parking? For me it would. How about you?
[COLOR=]My suggestion is not to look at it over a thirty year investment as the home may appreciate and make the $60 a month a moot point. Look at it as $60 a month and for me that would be worth it. Doing the math is not the end all do all on this issue. It does not take into consideration non- monetary values of RV ownership and having it next to the house.
