More than 13,000 private RVs and 1,600 state parks are open to RVs. This famous holiday business has a huge earning potential. Read this to help you decide if buying an RV lot is a good idea. An RV park business’s money, costs, and position will be examined.
Things To Look For When Getting An RV Park
Initial Costs
Prices for RV parks range from $50,000 to $3 million, depending on where they are located, how big they are, and what features they have. It’s not just land you’re paying for:
- Hookups for water and electricity.
- Putting down parking pads needs licenses and permissions.
- The cost of installing and building a septic system.
Even though these fees seem high, the average RV park makes 10–20% ROI. At the end of this piece, profit expectations will be made.
Location
Based on where they are, RV parks either do well or not. The best parks are close to tourist spots, national parks, or other places where many people camp and visit. The RV park needs land that is flat and open.
When RV drivers try to park on hills or rocky ground, they will need help. Since cars could get stuck, RV parks should be out of places likely to flood. If the river rises, a beautiful RV park on the bank of a river could become dangerous.
Restrictions
Check the local planning rules before you buy an RV park. Most RV parks are business or entertainment areas, but mobile homes and RVs could be used as extra housing if the park is in a household area. In any case, check with the local government before investing to ensure your RV park will be allowed.
Water And Electricity
Check the land’s gas, water, electricity, sewage, and public services. Getting them to your RV costs a lot if you need to fix them. Permission and authorizations for planning are required.
How Do I Invest In RV Lots?
Buying an RV park is the easiest way to invest in RV lots and make money from camping. There are other ways to do it. Many builders sell RV lots that buyers can use however they want. There are RVers living there, but you can rent it out to make money.
To make money, buy a house and rent it out to RVers in a popular vacation spot where sites are hard to come by. If you rent out your RV to guests who don’t have a van but want to experience what an RV is like, you could make a lot of money. Guests can pick up your van even if the RV lot isn’t there.
Promoting Your RV Park
Marketing is essential whether you buy an RV park or build one yourself. Here are some quick ideas for making a great marketing plan for your RV park.
Make A Fantastic Website
Even if you put your RV park on other websites, you still need a professional website that is easy for people to use. Make it easy to navigate and quick to load. Take pictures of your RV park to make it look good. There should be a lot of space between the text blocks. Make it easy to book on the site. Add a blog to your website to get more users, improve your SEO, and build respect in the community.
Utilize Social Media Sites
RV parks need to have social networks. Even though Facebook is the most well-known, you should use at least two or three others. Regular events and presents keep people interested. Tell people who post pictures of their holiday RV parks to use a hashtag. Share great photos and movies of parks. Tell people about events and places in your area. Think about paid ads on social media.
Contact Local Businesses And Influencers.
You can get more people to visit your RV park by teaming up with local small businesses and people with a lot of impact. For example, you could offer deals to food trucks or restaurants in your area. Use a local theme park or water park to get the word out. Support the outdoors and sports stores in your area. Let a well-known van life expert stay for free in exchange for a review or video.
Focus On Online Reviews.
Surprisingly, 93% of people who shop online read reviews first. With reviews, it’s getting people to stay at your RV park. Is hard. Ask guests to leave reviews on social media sites and tell them to do so when they check-in. It’s easier to find and book things when there are more reviews.
Benefits Of Investing In An RV Park
You Make Decisions:
It’s hard to run a campsite, but you’re the boss. You decide when your campsite is open, how much it costs, and who can stay there.
Recession-proof Profits:
RV parks are better able to handle economic downturns than vacation homes and Airbnbs. Because they offer cheap places to stay, and demand increases when people are out of work.
High Potential For Earnings
It might take some time to build a name with RVers, but RV parks are a great way to make money. People stay at parks they like, so you’ll have return customers.
Seasonal
It might sound bad, but spring, summer, and fall are your busy times. Winter is a great time to take a trip, visit family, or chill out.
Cost-free Living
People who own homes in RV parks can live there for free. The giant mortgage payments and sky-high home prices won’t be a problem.
Cons Of Investing In RV Parks
Stressful
It takes a lot of work to run an RV park. During the busy summer months, your guests will expect a great time. Get ready to work early, but you may hire people later.
Potentially Unprofitable First Year.
Depending on where you are, how you sell, and whether you own an RV park, you might not be able to break even in the first year. Since campers are loyal to parks, you will spend your first year building your brand and customer base.
Make Your Skin Thick
You’ll need thick skin because you’ll be around many people daily. You have to get rid of annoying guests sometimes and deal with complaints other times. You can expect hard decisions and angry guests.
How Much Money Do RV Park Owners Make Each Year?
Are RV parks an excellent way to spend money? As we already saw, the average RV park owner can expect a 10–20% return on investment. RV parks charge different amounts of money each night based on size, location, and room. You can make $50,000 to $90,000 a year if you make between $10,000 and $35,000. It’s easy to make money because a primary RV park only costs about $50,000.
Conclusion
An RV park could be the best option for a unique way to make money. Their popularity, high return, and ability to weather economic downturns make them significant assets. But not everyone can use them. If you like to camp, there are better places than an RV park.
