Community Forums

jaykris · 10-09-2019, 07:33 PM

How many out there have taken the dive and spend $100k for a slip of land in an RV resort?
What are the benefits? What are the pitfalls? Would you do it again?

Jaykris

Jim_HiTek · 10-09-2019, 10:31 PM

$100K? Yikes. I paid $600 for a 1/2570th part of this RV park in Oct. last year just before they raised prices...it's now $1500 or something. Plus a $305/year fee. I'm basically guaranteed a spot whenever I come by. And that is important as more and more snowbirds retire to RVing. There's another park 4 hours from here along the Colorado River that asks $9K plus yearly fees.

Where are you seeing $100K?

I would say it's too much unless it's freaking spectacular. I've visited really nice parks selling spots but really, I've never been all that impressed. They don't have anything that most other parks don't already have for less. And often, the water is bad, or the Wifi is run by a shyster company, or there's fees for everything.

Arch Hoagland · 10-09-2019, 11:06 PM

Was that near Chowchilla CA?

I too am curious where they are charging $100,000 for a RV spot.

twogypsies · 10-09-2019, 11:41 PM

Here are some OVER $100,000!!! I don't get it.

https://www.outdoorresort.com/forsale.php

waterman480 · 10-09-2019, 11:54 PM

All over in Florida. Some plain parks can be had for $25,000. Some more than $200,000 if they have a casita and maybe a coach port.

Sue46 · 10-10-2019, 05:01 AM

Do you own the land(have a deed)? or is it a rental type that you will move spots each year? Or a long term rental that guarantees you the same spot plus a monthly fee? additioal fees each year besides utilities?

DebbieMH · 10-10-2019, 05:07 AM

We own a lot at Bella Terra in Foley, Alabama and for us, it was a good decision. And yes, ours was over $100K a couple of years ago ....

2Yung2 Quit · 10-10-2019, 08:10 AM

In Aguanga, near Temecula, CA, the spots go for $170k,plus about $400 a month association fee.

GaryKD · 10-10-2019, 09:54 AM

Hi jaykris,
I have owned 3 lots in the past and am on my 4th lot (class A only resorts). Obviously I would do it again. All were over $100K. All were/are very large lots (1/3 acre), with very large pads (30X100) and coach house (1050 SQ FT under roof). Each lot is customized and built to our specs. Outside must comply with resort covenants. Inside finished as you like. We go first class and have found, for us, this is the way to go. Being this is our 4th lot, it will most likely be our last. We out grew the other lots. We have found a resort that did not exist a couple of years ago. At a high level the three things I look for are:
1. Climate - we wanted cool summers. Now at 3K + feet in elevation.
2. Community - Other owners and the surrounding community.
3. Developer - Resume of the developer, recommendation from owners at past developments.

The list is longer than this, but you get the idea. These are the 3 show stoppers. One must do their do diligence on what is important to them.

For us, the main benefit is community. When you own you have a community. At the local church, you have community.

As to the cost, for reasons to numerous to mention here, when completed out lots, in the past, cost over $200K. The lot we are on now will run close to $400K. This is due to how the coach house is built and finished. Our choice and money. It is time for us to enjoy life.

For those where ownership makes sense for their style of RV living, I highly recommend ownership. Just take the time to do the do diligence before making a purchase.

If you would like additional information as to the do diligence I perform, send me an email.

Mr_D · 10-10-2019, 10:05 AM

Looked at some on the OR coast that were over $100,000 in 1997. Full ownership with ocean front spot.

Arch Hoagland · 10-10-2019, 10:31 AM

Do you pay property taxes on those lots?

Are they treated as real property for purposes of tax deductions, depreciation, etc?

Do you pay capital gains if you sell at a profit?

GaryKD · 10-10-2019, 11:13 AM

These are deeded pieces of property. Of course one pays property taxes on the property. The lots are real property. Just like any other piece of real estate. When one sells at a profit one would pay taxes on the profit unless the property is being declared as the main residence. Then, see your tax attorney.

marcopolo21 · 10-10-2019, 11:35 AM

i'm into rving because i want to live where i want, when i want

if i liked an area enough i think i might buy a house, seems like a better investment, but i ended up buying a boat, to complement the motorhome, sort of

marc

jaykris · 10-11-2019, 01:20 AM

Thanks Gary,
We too believe in the "community" part of the equation. We are looking at Hilton Head Motorcoach Resort, a nice place with nice people. Being from So. Fla my blood is too thin for the winters in Atlanta! Looking for a warmer place in the winter....

Jay