When you consider investing your money into something, what do you think about? Stocks? Bonds? Real estate?
Whatever it might be, RV Parks are most likely not one of your top selections.
In fact, in recent years when people think about real estate and investments, flipping homes has become a glamorized option for many individuals.
However, with investments such as these, the financial risk is very high, and there are many factors that could lead to a bad deal. That being said, the real estate market is nothing to be afraid of, and there are many financial investment options that are sustainable and fairly low risk.
RV Parks offer an average rate of return between 10 and 20 percent and are a nontraditional, high-yielding investment option.
“RV parks are among the highest yielding of all real estate asset classes”
Since the beginning of March 2020 there’s been a drastic decline in travel caused by the pandemic, although you couldn’t tell based on RV sales and rentals!
According to the RV industry Association, RV sales in some areas increased 170% in comparison to the same time period last year. Relative to this spike, RVshare reported a 1000% increase in nationwide booking since April 1.
Furthermore, in a recent survey commissioned by the US Travel Association, 47% of respondents said they were more likely to travel by car after the pandemic subsides.” and 42% said they would likely choose destinations closer to home.” RV travel and RV parks allow the best of both worlds – the safety of your own home parked at the best places on earth.
So, what does all of this mean in relation to investments and RV parks? For starters, RV parks are among the highest yielding assets within the real estate market on average. Subsequently, with the rise of RV travel, RV purchases, and RV Resort bookings, promises of more foot traffic to RV destinations, makes investing into an RV park a no-brainer.
So, the next time you are considering investing your money into the real estate market, consider the secure, high-reward, low-risk investment that is RV Parks.
To answer the question of “Is it worth it?” the answer is clear: absolutely.
