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Thinking about investing but cannot decide if placing hard-earned dollars into the volatile stock market or residential real estate? Savvy investors should consider RV parks since the return on investment dollars is one of the highest reported. Comparing these three investment opportunities, data concludes stocks come in lowest with about 8 percent, residential real estate is around 10, and RV campgrounds average between 15-20 percent.
During the pandemic, when vacation resort profits plummeted, investors refocused their money on promoting a safer vacation — personal recreational vehicles. This did two things; one, ads increased the demand for RV sales and rentals; two, the demand for RV resort reservations skyrocketed.
One of the larger membership RV park groups reported an increase of six percent in passes sold and another 15 percent jump in upgrade sales.
They also stated the demographics have shifted to a younger group of vacationers who edged out seniors as the majority.
This bodes well for the security of choosing to invest in RV parks and campgrounds as younger adults tend to reserve spaces more frequently than older vacationers. Keeping this in mind, it is easy to see why investors believe the ROI could increase in the near future.
Written by Cathy Milne-Ware
Cypress Trail: Why Owning an RV Park Lot Can Be a Good Financial Investment; by Matt Silver
Million Acres: Why the RV Boom Has Been Good for Equity LifeStyle Properties; by Lena Katz
Featured and Top Image Courtesy of Bill Gracey’s Flickr Page – Creative Commons License
Inset Image Courtesy of Virginia State Parks’ Flickr Page – Creative Commons License