The Ins and Outs of Purchasing a Campground
As an often overlooked piece of real estate investing, purchasing a campground can be an excellent asset to add to your business. Similar to residential and commercial properties, knowing the market is the first step to purchasing campgrounds. Follow our simple steps to get started on owning your piece of this valuable investment class.
Catering to families is perhaps the most important piece to remember when you begin to search for park campgrounds for sale. A study conducted by Kampgrounds of America showed that 20% of campers ranked a campsite considered to be “kid friendly” as something they value. When you consider the family appeal of camping and outdoor activities, this is a massive demographic to keep in mind as you search for a viable purchase. If you purchase a campground that is not outfitted to be kid friendly, then it has little appeal to families, and you will lose out on a significant customer base. Be on the watch for attractions such as playgrounds and swimming pools. Safety features like well-lit trails and easy access to emergency services are equally important. When buying a campground you should be certain that the roads and trails allow for the quick maneuvering and turning required by large emergency vehicles such as fire trucks. Families want to know that their children are having fun and that they’re doing so in a safe environment.
Next, you should consider the environment and any unique weather conditions. In colder climates, problems can quickly pile up in the form of burst pipes, icy roads, and property damage. Warmer climates carry their own set of potential complications in the form of harmful insect populations, floods, and heat waves. You also have to bear costs associated with upkeep and maintenance such as lawn care, landscaping, soil conditions, sewer lines, and weatherization. Keep these issues in mind when searching for the optimal location that gives you access to a ready market without excessive seasonal wear.
Finally, as with any investment, be sure to brush up on local laws and guidelines before you purchase a campground. As hybrid living/recreation environments, some campgrounds may have unique guidelines based on your location. Always consult with local regulations so you can avoid any unexpected headaches. If you follow these simple guidelines, do your own research before buying, and choose the right property, campgrounds are a fun, lucrative piece of the real estate investment market.