RV lot ownership or seasonal rental
Not sure if I'm posting this in the right place. Friend and I were talking and got on the topic of owning an RV spot or having a seasonal spot. We milled around the pros and cons but was wondering of...
Forum Discussion
Renting would be preferable if you aren't sure you want to go back to the same place, year after year. The downside is you wouldn't want to do any customization on a rented site. Even if you were "assured" you could rent the same site the next year, the park could change ownership and those agreements would go out the window. Also with renting you never know what the wind will blow in for a neighbor.
Ownership parks will come with more expenses. There will probably be more rules and like someone else stated, the HOA board members will likely be both a blessing and a curse. But in an ownership park, your site improvements are yours, no questions asked and you will probably have a greater sense of community, since the turnover tends be lower. Just do your due diligence to be sure the park is well capitalized, there is no deferred maintenance and that there is no huge assessment on the horizon.
Ownership parks will come with more expenses. There will probably be more rules and like someone else stated, the HOA board members will likely be both a blessing and a curse. But in an ownership park, your site improvements are yours, no questions asked and you will probably have a greater sense of community, since the turnover tends be lower. Just do your due diligence to be sure the park is well capitalized, there is no deferred maintenance and that there is no huge assessment on the horizon.
