Buying vs. Owning a Vacation Property, RV Lot or
Cabin in Minnesota, MN
Buying your own RV lot can be a very practical option for vacation property
ownership!
| Do The Math- Advantages of buying
an RV lot |
| BUY |
1st Year |
RENT |
|
$161.12 |
Monthly Payment |
$162.50 |
| $1933.44 |
Annually |
$1950.00 |
| $417.00 |
Tax
Savings |
------------ |
|
$1516.44 |
Net Payment |
$1950.00 |
| BUY |
5th Year |
RENT |
|
$9667.01 |
Total
Payments |
$10774.00 |
| $1972.04 |
Total
Tax Savings |
------------ |
|
$7702.96 |
Net Payment |
$10774.00 |
FUTURE VALUE @ 10% APPRECIATION:$43,923.00(Assumes
typical 5% yearly increase)
Other
benefits to RV lot ownership include:
- High gas prices are pushing RVers to look at
RV lot ownership as a cost effective alternative to traveling. Your lot
can be used as a home base and your RV can remain on site year-round with no
winter storage fee.
- Take advantage of a professionally operated and maintained RV resort in
a secure gated environment.
- Ensure that you always have an RV space.
- There are 5 RV’s for every site which makes it difficult to find a prime
location.
- You have control.
- As a member of an association, you have a direct say in the management
and policies of the property.
- Nobody can raise your rent.
- The property can’t be sold out from underneath you for alternative land
uses.
- Owning your own lot can be an investment opportunity.
- Owning your own RV lot can be a very cost effective alternative to
renting or owning a vacation home.
- The price of an RV lot is only a fraction of typical vacation property.
- Compared to condo living, resort taxes, association fees and insurance
will be significantly less.
|