Can you tell me which is a better investment. Purchasing a nice 40 foot RV, which could be rented out for weekend trips or buying a summer home and renting it out. Can you give the pros and cons on both. Thank you very much!
2006-10-13 14:52:44 · 10 answers · asked by sky 3 in Business & Finance ➔ Renting & Real Estate
Summer Home. It all comes down to depreciation. Your motor home will depreciate and fast especially if you are renting it out to people. Your summer home will gain value.
2006-10-13 14:55:59 · answer #1 · answered by GillSev 3 · 0⤊ 0⤋
I would think that in general a vacation home is an appreciating asset while an RV would be a depreciating asset. From a pure investment prospective a summer home is better, and will last a lifetime.
2006-10-13 15:19:50 · answer #2 · answered by Mike K 2 · 0⤊ 0⤋
I'd go with the summer home... a motor home will depreciate over time, whereas the summer home will appreciate in value. If it's purely an investment decision, there is no doubt that real estate beats personal property.
2006-10-13 15:15:08 · answer #3 · answered by Mike S 7 · 0⤊ 0⤋
I'd go with real estate every time. As the saying goes, they aren't making any more of it. An RV could be fun and the price could be lower. But the value of an RV would also depreciate rapidly, after you drive it off the lot. Unless you are overpaying for the real estate, it should rise in price over the years. Choose carefully on either and do your research.
2006-10-13 15:02:58 · answer #4 · answered by Coffeyvillian 3 · 1⤊ 0⤋
a look at the big picture would tell me to go for the summer home. the rv is going to be antiqued in a few years and no one is going to want to rent it. would you trade it in for the new model and keep the business going? the summer home will appreciate (hopefully) and be worth more. the resale value will increase where as the motor home will be worthless.
2006-10-13 22:29:21 · answer #5 · answered by Anonymous · 0⤊ 0⤋
it would desire to be a sturdy investment, yet once you propose to apply the internet you will no longer discover each and every of the places you park with connections. additionally you will nonetheless might desire to tow a motor vehicle or be arranged to apply a cab once you get the place your going. you are able to as properly be regarded at as a Gypsie. A Cadillac or Lincoln will create a greater advantageous impression and the inns and inns all have cyber web hookups now. gasoline intake hasn't been sturdy the two. wide-unfold is approximately 6 mpg.
2016-10-02 06:56:14 · answer #6 · answered by vishvanath 4 · 0⤊ 0⤋
In my own opinion A summer home would be better. Once your there no more traffic to fight or detours to worry about. Just settle in and enjoy yourself and learn about whata around you. I think it's better to be settled in somewhere. The road can be very trying on the nerves. Enjoy
2006-10-13 15:00:54 · answer #7 · answered by thmsnbrgll 5 · 0⤊ 0⤋
I would say motor home, because if you buy a summer home, you'll still have to pay for gas to get there.
2006-10-13 14:55:16 · answer #8 · answered by Scarlett_156 3 · 0⤊ 0⤋
Motor home for me. I would love to have one to travel in.
2006-10-13 14:59:59 · answer #9 · answered by cfoxwell99 5 · 0⤊ 0⤋
which do you like more visit other states or having one special place to stay it is really up to you
2006-10-13 15:00:53 · answer #10 · answered by mount_tyler 1 · 0⤊ 0⤋