Are there financial advantages of owning an RV site or boat slip?
The financial benefits of site or boat slip ownership are similar to the advantages of owning other real estate assets. While property taxes, insurance, and maintenance fees may rise in small increments over time (and often are controllable by the Homeowners Association), the principal and interest payments associated with a mortgage on your site remain constant. Daily, weekly, monthly and annual RV site rental rates typically increase annually. Depending on individual circumstances, interest on mortgages and other ownership costs and fees may be tax deductible, lowering your federal and state taxes each year. Your RV site can be rented to earn income that can offset maintenance fees and other ownership costs. There may be additional tax benefits on both property and association fees if you rent your RV lot. Some things to think about when purchasing an RV site You may personalize your site in many ways upgrading surface areas, adding landscaping, creating a garden, or perhaps adding a
