Hi Mrsfish,Have any of you looked into privately owned rv sites within a rv resort? Looking for pros and cons on this concept. Thanks
I also think flexibility is a good thing especially if you have a neighbor that is a problem. Good luck with your decision.It works for some people. If possible see if you can rent a spot in the park to make sure you like the park after being there a few days. Drive around the area to see how you like the area where it is located. Is shopping that you like close by..........Don
Owning a site will most likely commit you to repeatedly going to that same place. Nothing wrong with that, but you can do that at RV resorts on a month to month basis; this leaves you free to explore other locations and not feel you have to return to the one you have purchased. For us, we enjoy the flexibility and mobility. We owned in FL but were very relieved when we sold.
Thank you all for your input. We believe that ownership will not necessarily mean we have to go there all the time. The site we would consider can be rented if we're not at the site and that income belongs to us (net the mgmt fees). Location is to be considered and many of the high demand areas also equate to rising real estate prices. Maybe not like a stick and brick site, but real estate never the less. I could also go the Escapees route also, but was just pondering the idea of owning a nice site in a high demand area. Any owners in this forum?
We do own a lot in a really beautiful, RV based, 55+ community in South Texas called Retama Village. We bought our first lot in 2007 used it for three winters and then sold it for a $5,000 profit, then bought a larger lot and coach house in Phase II which we still own. Based on recent sales we could now sell this lot for almost $20K more than we have in it.
You are correct, we do not have to go there each year, fact is we are working right now and we are renting it out which more than covers the carrying cost for our lot. The HOA dues cover all the maintenance of the grounds and the community is absolutely beautiful even after ten years in existence. It is still growing and is now moving into Phase III.
http://www.bentsenpalm.com/retama village Here is a link. If you have any questions just ask...here's a couple pics of the lot and coach house.