Ask any traveler who owns an RV, and they’ll tell you there’s no better feeling than exploring new places and living within the great outdoors. RV camping relieves you of the stress around exorbitant hotel stays or finding affordable eating spots. But there is one thing you need to think about: whether to purchase or rent an RV space.
While most RVers prefer renting lots at their chosen spots, others like having an RV space they can call their own year-round. Though buying and renting an RV spot are both great ways to enjoy your trip, it is better to weigh these options to make a wise choice.
Should you buy or rent an RV lot? Keep reading to find out which option is best for you.
Benefits of Buying an RV Lot
Convenient Access
Buying an RV lot means you always have a place to park your RV without worrying about finding available parking or reservations.
Personalizing the Space
Owning your RV lot allows you to customize your space to fit your needs. You can decorate, add outdoor living spaces, and make other modifications to make it feel like home.
Affordability
Depending on the location and size of the RV lot, buying a lot sometimes is more cost-effective than paying for nightly or weekly RV parking fees. Also, owning a lot can be a good investment if the property value increases.
Sense of Community
Many RV parks and resorts offer a sense of community with shared amenities and activities, such as swimming pools, clubhouses, and social events. Owning a lot can give you access to these benefits and the opportunity to connect with other RV enthusiasts.
Drawbacks of Buying an RV Lot
While there are benefits to buying an RV lot, there are also some potential drawbacks to consider:
- Buying an RV lot can be a significant financial investment. Plus, ongoing maintenance costs, property taxes, and other fees may be associated with owning a lot.
- The location of the RV lot may be a disadvantage if it is not in a desirable area or is difficult to access. If the lot is in an area with extreme weather conditions, such as hurricanes or wildfires, it may require additional maintenance or insurance.
- Owning an RV lot may limit your ability to travel to other locations or parks. You may feel pressure to use it exclusively if you have invested a lot of money in the lot.
- When you own an RV, you may be responsible for landscaping, repairing any damages, and ensuring the property remains safe and secure.
Benefits of Renting an RV Lot
Cost Effective
Renting an RV lot can be more affordable than purchasing a lot. This is especially true if you only plan on using the lot for a short period or prefer to invest little money in a property.
Flexibility
Renting an RV lot also allows for greater location and length of stay flexibility. You can choose to rent a lot near a specific location or event, and you can also choose to stay for as long or as short as you want.
Amenities
You may find RV parks and resorts equipped with Wi-Fi and laundry facilities. Renting a lot can give you access to these amenities without the hassle of ownership.
Low Maintenance
This is the one benefit that makes renting an RV a better option compared to buying it. Renting an RV lot means you are not responsible for maintaining the property. This can benefit those who do not want to spend time and money on upkeep.
Variety
Renting an RV lot allows you to explore different locations and RV parks. This can be advantageous for those who enjoy traveling and experiencing new places.
Drawbacks of Renting an RV Lot
There may be some drawbacks you should consider before renting an RV space.
- When renting an RV lot, you may have less control over the property than you would if you owned it.
- Finding an available RV lot to rent can be challenging, depending on the location and time of year.
- You may share the space with other RV owners when renting an RV lot. This can limit your privacy and require you to follow certain rules or guidelines.
- When renting an RV lot, there is some uncertainty about the future. You may not be able to secure the same lot for future visits or may need to search for a new one each time.
Buying Vs. Renting an RV Lot: What Is Best for You?
Since you know the pros and cons of buying and renting an RV lot, you can make the best decision that fits your situation. But before you decide to invest in purchasing or renting, make sure you take into account the following factors.
Cost
Buying an RV lot is a significant investment that requires money upfront. On the other hand, renting a lot usually requires a monthly or annual fee, which may be more affordable for some RV enthusiasts.
Flexibility
Renting an RV lot allows for more flexibility in terms of location and timing. You can rent lots in various locations and for different lengths of time. Buying a lot is a more permanent commitment and limits your flexibility.
Maintenance
When you rent an RV lot, maintenance and upkeep are usually the owner or manager’s responsibility. When you buy a lot, you are most likely responsible for the maintenance and upkeep, which can be costly and time-consuming.
Investment Potential
Buying an RV lot can be a good investment, as the property’s value may appreciate over time. However, it is important to consider market trends and the potential for fluctuations in the real estate market.
Amenities
RV parks and resorts offer a variety of amenities, such as swimming pools, fitness centers, and recreational activities. When you rent a lot, you may have access to these amenities without the added expense of maintaining them. However, if you own your lot, you can customize it to your liking and add personal amenities tailored to your needs.
The Final Verdict
Ultimately, the decision to buy or rent an RV lot depends on your personal preferences, financial situation, and lifestyle. Make sure you carefully consider all the factors and do your research before deciding. RVParkStore is a great place to browse RV lots for sale and RV lots for rent. You can also consult RV park professionals to help choose the option that suits you the best.
RVParkStore.com is the best place for RV park investors, owners, and travelers to find RV resort, marina, and campground sale listings, information, and resources.
