Where to park fifth wheel while remodeling?
Hello all, I've had this radical idea to sell my 2500sf home and renovate a fifth wheel and live in an RV park for a year while I stack the cash... Still in idea stage I've not purchased anything. So...
Forum Discussion
Pennyamaris wrote:
Hello all,
I've had this radical idea to sell my 2500sf home and renovate a fifth wheel and live in an RV park for a year while I stack the cash...
So... in order to "stack cash" you are going to fork out a $25,000 initial investment, plus additional time and money to renovate the camper in order to save about $1400 a month in mortgage costs...
It would take 18 months of saving $1400 a month just to break even on the initial $25,000 investment.
Lets not forget that a camper bought for $25K likely won't be the kind that is meant to be lived in full time for a year and a half and you will have significant wear and tear on the camper and will likely have little value at the end of the 18 months.
Then we have a family trying to live full time in a small camper with limited storage, limited privacy, limited cooking facilities, limited refrigerator space, etc. I can promise you that this will be a miserable experience.
The cost to heat and cool your camper will be excessive, as the HVAC systems aren't designed for constant use, the insulation of the camper isn't designed for temperature extremes and the excessive heat of south Texas.
Where are you going to store all your furniture, extra clothing and other items that you cannot store in your camper? Have you included the cost of storage in your budget?
This plan does not make financial sense, I'm sorry. If you have the need to live on a smaller budget I would suggest you check rentals (professional and craigslist) and see if you can rent a basement apartment in a single family house. Those can be WAY more affordable, are meant for full time living, provide you with space for you and your family, etc.
Camping is a fun experience, but it isn't cheap. People that try to save money by living in a traditional RV are fooling themselves. An RV is not a mobile home. Mobile homes are designed and built differently for full time living. Perhaps you should consider a mobile home in a mobile home park and recalculate your costs that way.
