What You Need to Know About Campgrounds and Nvestment Real Estate
If you are someone (or know someone) who is interested in learning about nvestment real estate purchases, you have come to the right place. Consider, that RV parks and campgrounds for sale are a great way to get involved in real estate as they have shown consistent demand and popularity over the years. Consider, that a number of people own RV units as well as rent them, so having access to an RV park is essential for their camping and travel needs. Keep reading below for additional information regarding nvestment real estate as you want to find the Rv park that is right for you.
1. RV campgrounds are extremely profitable, so consider investing in one today.
Consider, that in 2015 the revenue of American campgrounds and RV parks was estimated at around $5.8 billion. This is important to keep in mind, as you want to find the RV park that is right for you as there are so many to choose from given the large market. That said, not all parks are created equal as there are different sizes of parks as well as different locations. Most importantly, be sure to do your research within the market is large so there are nearly endless options to choose from.
2. Research shows that a majority of millennials enjoy camping, and intend to camp more this next year.
Research conducted in 2017 by the North American Camping Report found that 51% of millennials said they planned to increase their camping vacations that year. This is critical information to consider, as millennials are a great target market for RV park nvestment real estate. Consider, that millennials love camping and a great majority intend to camp more often. This means, that they could become a great part of your customer base so reaching out to millennials and make your RV parks known to them can help your business grow.
3. A fair amount of U.S. households own RVs, so keep that in mind when deciding whether or not to purchase RV campgrounds for sale.
Consider, that the Recreational Vehicle Industry Association (RVIA) estimates that more than 11% of U.S. households owned an RV as of 2017. This is important to consider, as these households are all potential customers and consumers of your campground should you decide to purchase an RV park for sale. Be sure to reach out to these individuals who own an RV as they absolutely need a place to park and visit with their RV in tow. Thus, your newly purchased nvestment real estate RV park could be the perfect place for them to take their RV.
If you found these tips helpful, then you are on the right track to learning about the numerous benefits of nvestment real estate purchases. Consider, that campgrounds for sale are a great example of nvestment real estate, so be sure to keep your eye out for RV resorts for sale as well as keeping the aforementioned facts in mind. First, RV campgrounds are extremely profitable, so consider investing in one today. Second, research shows that a majority of millennials enjoy camping, and intend to camp more this next year. Lastly, a fair amount of U.S. households own RVs, so keep that in mind when deciding whether or not to purchase RV campgrounds for sale.