Forum Discussion

12thgenusa's avatar
12thgenusa
Explorer
Oct 03, 2014

How much is an RV parking space at home worth to you?

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?

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.

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?

118 Replies

  • 12thgenusa wrote:

    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.


    Either way, you're not going to live there for 30 years. Too many changes will occur in ones life. RV's will come & go, the house is on a foundation.
  • Ours is parked on a lot less than a mile away for $30 a month. Sort of handy. But, I think a lot with mine on it would be great for going out an tinkering on it. I find lots big enough for storage are more prone to location than price. Looking at real estate some towns have lot after lots big enough and have trailers on them for prices less than around here.
  • While the value of the parking/storage space might increase the amount an RVer would be willing to pay for a piece of real estate, the value of the real estate in the neighborhood (including the lot with the RV space) might be lowered because some (if not many) non-RVers would find the parking area an eyesore.

    If you are looking in an area where the lot sizes are measured in acres and the homeowners are free to park vehicles/keep livestock/plant an orchard/whatever, whether or not you have an RV would not make a difference.
  • If you are making the argument for resale purposes, having an RV parking pad is likely to hurt the resale value in the real world. Most home buyers do not have RVs. They want lawn and landscaping, not a big hunk of concrete beside their home. The value of the home is till going to be determined by location and condition. In your example, does the home without the pad have zoning restrictions? If so, by definition the homes do not have equal locations. If a pad could be installed, the value added to the other home would, at most, be the cost of installing a pad, and probably a lot less since the existing pad would almost assuredly not be exactly what the new owner would build since his building options are limitless. Your value exercise might be a good way to decide if you want to build a pad or not, but it doesn't directly correlate to purchasing.
  • when I bought my latest home, one thing I told the realtor was that I needed a place to park my RV. we didn't bother looking at any places that wouldn't accommodate one. too many other variables affecting price than to figure out actual value of parking place.
    bumpy
  • Ron3rd's avatar
    Ron3rd
    Explorer III
    Not having the RV parking would be a deal-breaker for us. We've become too accustomed to having the trailer parked on the side of the house, plugged in, ready to go at anytime. Any new home would have to meet this need.
  • Not sure if it is worth $12, but I would be willing to buy a more expensive home

    Lets say it is $60 a month now...what is it going to be in 30 years? But will still need the RV spot in 30 years. Easier to work on when it is home, easier to keep an eye on too. Insurance may be cheaper too.
  • It would be worth it to me and probably for the person looking for an RV spot while house shopping. No way would I put my rig in a storage lot. Our home here in FL is the only one of the block that has room for an RV.

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