Go Back   iRV2 Forums > MOTORHOME FORUMS > Class A Motorhome Discussions
Click Here to Login
Join iRV2 Today

Mission Statement: Supporting thoughtful exchange of knowledge, values and experience among RV enthusiasts.
Reply
  This discussion is proudly sponsored by:
Please support our sponsors and let them know you heard about their products on iRV2
 
Thread Tools Search this Thread Display Modes
 
Old 02-08-2014, 12:59 PM   #1
Senior Member
 
Join Date: Aug 2012
Location: Noblesville, IN
Posts: 331
Renting a site vs buying

We are currently renting a lot in a very nice park in south Florida. We really like the area and are looking at some lots for sale. This park has sites for sale and rent. I have no clue about the value of something like this. Is it a good investment? Quarterly maintenance fee $940.00 plus electric, property taxes. It seems to me that there a lot of lots for sale. The realtor says the park is turning over due to the age of owners. Prices range from $98K to $350K. Any info would be appreciated.
__________________

__________________
2005 Country Coach 40 foot Inspire 330
HoleInOne is offline   Reply With Quote
Join the #1 RV Forum Today - It's Totally Free!

iRV2.com RV Community - Are you about to start a new improvement on your RV or need some help with some maintenance? Do you need advice on what products to buy? Or maybe you can give others some advice? No matter where you fit in you'll find that iRV2 is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with other RV owners, see fewer ads, upload photographs, create an RV blog, send private messages and so much, much more!

Old 02-08-2014, 01:04 PM   #2
Senior Member
 
vsheetz's Avatar


 
Fleetwood Owners Club
Ford Super Duty Owner
Join Date: Jun 2012
Location: SoCal
Posts: 11,782
Nearly $4k/yr for maint. Ouch.
__________________

__________________
Vince and Susan
2011 Tiffin Phaeton 40QTH (Cummins ISC/Freightliner)
Flat towing a modified 2005 Jeep (Rubicon Wrangler)
Previously a 2002 Fleetwood Pace Arrow 37A and a 1995 Safari Trek 2830.
vsheetz is online now   Reply With Quote
Old 02-08-2014, 01:11 PM   #3
Senior Member
 
336muffin's Avatar
 
Join Date: Apr 2011
Posts: 2,569
Where are you at? I never listen to someone that profits from me spending money. There are some very "driveways" for sale in resorts. We almost bought one last year as a matter of fact, but we also had visiting the resort for 7 winters in a row. We made friends with several owners that has given the real facts about buying there. Do YOUR research well and learn from others within the park. Good luck with your search, this is different from buying into a housing development. Your neighbors are VERY close!
__________________
American Tradition 42R-Cadillac SRX Blue Ox Koni 5050XL MCD Scangauge D Samsung rf197
Fulltime since 2012
336muffin is offline   Reply With Quote
Old 02-08-2014, 01:11 PM   #4
Senior Member
 
CountryFit's Avatar
 
Join Date: Sep 2011
Location: Between the Oceans
Posts: 3,532
Blog Entries: 2
with that maint fee plus property tax, you could rent a decent space, can't you?
__________________
2000 Country Coach Intrigue 40', ISC 350
2014 Ford C-Max Energi
CountryFit is online now   Reply With Quote
Old 02-08-2014, 01:30 PM   #5
Senior Member
 
pagosajoe's Avatar
 
Fleetwood Owners Club
Join Date: May 2011
Location: Southwest
Posts: 1,548
Quote:
Originally Posted by vsheetz View Post
Nearly $4k/yr for maint. Ouch.
x2!!
__________________
Joe and Debbie, Emma the Aussie Cattle Dog who adopted us
2012 Discovery 36J, Blue Ox and Air Force One, 2010 GMC Acadia Toad
USAF (Ret) WDM http://wd0m.com
pagosajoe is offline   Reply With Quote
Old 02-08-2014, 02:00 PM   #6
Senior Member
 
Arch Hoagland's Avatar
 
Monaco Owners Club
Workhorse Chassis Owner
Join Date: Aug 2002
Location: Clovis, CA, USA
Posts: 5,895
Seems to me if there are a bunch of lots for sale it means people aren't happy there for some reason.

That would be a red flag to me.

You might want to talk to some of the people who are trying to sell and offer to rent their space.
__________________
2004 Monaco La Palma 36DBD, W22, 8.1, 7.1 MPG
2000 LEXUS RX300 FWD 22MPG 4020 LBS
Arch Hoagland is online now   Reply With Quote
Old 02-08-2014, 02:07 PM   #7
Senior Member
 
brobox's Avatar


 
Entegra Owners Club
Join Date: Apr 2007
Location: SW FL
Posts: 15,078
I retired from 32 years in the real estate business. RV lots are NOT a good investments except for the management company. The maintenance fees are way to high and a percentage of that is going to the management company. If you go to rent it, the management company takes on the average 40% of the rent with no money invested. Even the advertising fee you are paying for in the maintenance fees. Every now and then waterfront lots will more than double in value, but that is for the first one to purchase the lot.

We owned a vacation golf course rental home that the maint. fees were $540 a quarter and that included lawn mowing, watering and the house painted ever 5 years. The house would only rented during snowbird season which was not enough to cover the expenses. Not a good investment at all.

Lot ownership in FL only makes sense if you are going to live on the lot.
__________________
Chuck in SW FL
A "Classic" 2014 Entegra Anthem 42RBQ
2016 Colorado Z71 PU
brobox is offline   Reply With Quote
Old 02-08-2014, 02:14 PM   #8
Senior Member
 
becks's Avatar
 
Join Date: Sep 2006
Location: Fulltime/ SE Minnesota
Posts: 2,544
I agree with Chuck, never have I ever felt an RV lot was a wise investment. You can rent many nice lots all around the country and have money left over for other things.
__________________
06 TS-42-DS04
1040 watts of solar
2014 Jeep Rubicon/2003 Honda CRV
becks is offline   Reply With Quote
Old 02-08-2014, 02:33 PM   #9
Senior Member
 
Davdeb1's Avatar


 
Monaco Owners Club
Freightliner Owners Club
iRV2 No Limits Club
Join Date: Jan 2011
Location: Avon Lake, Oh
Posts: 2,884
Quote:
Originally Posted by HoleInOne View Post
We are currently renting a lot in a very nice park in south Florida. We really like the area and are looking at some lots for sale. This park has sites for sale and rent. I have no clue about the value of something like this. Is it a good investment? Quarterly maintenance fee $940.00 plus electric, property taxes. It seems to me that there a lot of lots for sale. The realtor says the park is turning over due to the age of owners. Prices range from $98K to $350K. Any info would be appreciated.
How much rent are you paying per month, that would tell you if it would be good for you?
__________________
2000 HOLIDAY RAMBLER ENDEAVOR
40 FT--330HP CAT
2 SLIDES-TOAD 2012 focus
Fulltime-Home is where we park it.
Davdeb1 is offline   Reply With Quote
Old 02-08-2014, 03:46 PM   #10
Senior Member
 
Country Coach Owners Club
Retired Fire Service RVer's
Join Date: Feb 2013
Location: Ocala, Florida
Posts: 6,295
In central Florida, rents and purchase are much less than the figures mentioned (lots around $60K to $70 K, with rents around $500 in a Class A resort). Even with these figures we have decided we can rent cheaper than buying as we still want to travel in the summer, not live FT in Florida. Quarterly fees here are $470.
__________________
FMCA #F431170, GS #822128658, Escapees SKP #112655
2012 Airstream Mercedes Interstate Class B
[SIGPIC][/SIGPIC]
Medico is offline   Reply With Quote
Old 02-08-2014, 04:23 PM   #11
Senior Member
 
38 Special's Avatar
 
Monaco Owners Club
Join Date: Aug 2010
Location: Irondale, Alabama
Posts: 470
If you rent and you don't like your neighbor, you can move!!
__________________
2008 Monaco Camelot 42 DSQ
Irondale, Alabama
38 Special is offline   Reply With Quote
Old 02-08-2014, 04:29 PM   #12
Senior Member
 
csrrsr's Avatar
 
Freightliner Owners Club
Join Date: Jan 2013
Location: Spokane, WA
Posts: 692
Lets assume you buy one for $100,000 cash and pay $940/qtr maint. fee for 10 years. That equals $137,600. Are you willing to part with that much money to park your MH? Then you need to ask yourself....how many months of rent does $137,600 get you (that's almost 23 years @ $500/mo) and will you still be around when it's used up? You'll be able to do your own math based on your own situation but usually buying land means your going to park it.....so why have a MH?
__________________
02 Fleetwood Discovery 37U, 330 Cat pulling a 2006 diesel Liberty..or..2011 4dr Wrangler..or..20' Lund Salmon/Halibut Hunter
csrrsr is offline   Reply With Quote
Old 02-08-2014, 04:31 PM   #13
Senior Member
 
ImagineIF's Avatar
 
Join Date: May 2010
Posts: 1,045
Unless you want a cassita, I can only see one reason to buy a lot. If you live in a high personal property tax or want a way to change your residence, owning a lot may help,
__________________
Gil
99 Country Coach
Prevost XL 45 Conversion
ImagineIF is offline   Reply With Quote
Old 02-08-2014, 04:39 PM   #14
Senior Member
 
tuffr2's Avatar
 
Join Date: Sep 2012
Location: Palm Coast Florida
Posts: 2,454
South Florida has it's own much nicer winter climate than central Florida which still gets chilly when the north gets cold.

We left for a cruise out of Ft Lauderdale while staying in Ocala. Ocala was cloudy and 55 while Fort Lauderdale was 78 and sunny. That is why South Florida sites are double Central Florida.

But even so, that is a lot of $$$ for an RV site. Do the math as it might still make sense.
__________________

__________________
tuffr2 is offline   Reply With Quote
Reply



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
At The RV Show, did you buy merchandise you had no intent on buying when you went? Kro1957 iRV2.com General Discussion 14 02-01-2014 08:15 PM
Renting vs Buying for One Month Trip to Alaska SteveUpp MH-General Discussions & Problems 47 02-01-2014 05:05 PM
Getting an RV for long-term living at one site, so how can I leverage for saving $$$? PaulAllen 5th Wheel Discussion 25 10-03-2013 09:35 PM
MH Garage - Site Prep and Installation Cost? Dan_public MH-General Discussions & Problems 4 08-17-2013 03:18 PM

» Virginia Campgrounds

Reviews provided by


Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -6. The time now is 12:06 AM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.