Camping is very popular in the United States, and nearly six in 10 households include someone who has been camping. Because of this popularity, investing in camping real estate can be highly beneficial. If you are looking to invest in real estate, here is why you should keep camping in mind.
1. Steady Seasonal Income
During the spring and summer months, owners of camping properties can expect an influx of income. However, this can change depending on where your property is located. For instance, while campgrounds in the northern United States will see an uptick during the spring and summer, in warmer southern states the seasonal drop-offs will be much less evident. In fact, campers from colder states often vacation at warmer campgrounds during the fall and winter so that they can experience warmer weather.
The summer months can still be the peak season, however, as children are off of school and families like to take advantage of the time together. When you invest in real estate for a camping ground, timing is everything.
2. Easier Tenants
As opposed to long-term tenants in an apartment complex, renters at campgrounds are often only there for a short time. While this may seem like a negative, it’s actually beneficial. There is no shortage of eager campers waiting to take the place of one who leaves, so you won’t have to worry about going without a tenant. However, because these tenants are often short-term, you’ll have a lower chance of facing issues with late payments or difficult renters who try to flout the rules. If you do encounter a renter like this, you can always blacklist them once they leave and prevent them from renting again. This gives you, as an investor and owner, more control over your property.
3. Inexpensive in the Long-Term
When buying land for camping, it can be an extremely inexpensive venture to maintain. Property insurance is often low, and even property taxes can be affordable in many areas. You also won’t have expensive utilities, unless you wish to provide specific ones, and any improvements you make only serve to make the area more valuable and desirable. When compared to other types of real estate investments like rental homes or apartments, owning land for camping can be both smart and practical.
A Solid Investment
When you invest in real estate, specifically camping real estate, it can be both a safe and beneficial investment. Because camping is so popular, you will face no shortage of tenants, and you won’t have to deal with the difficulties that can come from other forms of real estate. If you’re looking for the best real estate investment possible, a camping property is something to seriously consider.