Is an RV worth the investment?

Is an RV a Financial Investment? The short answer is no. With the exception of some in-demand vintage models, the value of an RV depreciates over time. An RV is an investment in a lifestyle, but you can mitigate the expense by renting it out when not in use through a third-party rental site like Outdoorsy or RVshare.

What’s the best guide for first time RV owners?

As first time RV owners, the decision tree that led us to choosing what kind of RV or trailer to get was complicated. Today our retirement home is 30’ long (26’ of living space). We created this Buyers Guide for RV newbies because we thought others might be interested in the questions we had, and how we answered them.

Is there a market for RVs in the US?

Sales of RVs have grown steadily since the Great Recession, hitting an all-time high in 2017. If you are getting close to retirement — or already there and looking for new ways to spend your retirement — here are some considerations from others in the RV world about purchasing a house on wheels.

Who are the majority of RV owners in the US?

About 10 million U.S. households own RVs, and the majority of those owners have traditionally been over 50, according to the RV Industry Association (RVIA). Ownership rates by age group cited by RVIA are highest among Americans ages: Sales of RVs have grown steadily since the Great Recession, hitting an all-time high in 2017.

Why do people want to own an RV?

Naturally, an RV makes the nomadic life easier, since you already have your stuff with you, perhaps even your pets. “You have more mobility,” says James Mercer, 60, of The Plains, Virginia, “and if you want to go somewhere, everything you need is packed right into that vehicle.

What’s the best thing about owning an RV?

For many, the most attractive part about owning an RV is being able to travel where you want, when you want. Kathy Dolan, 67, a longtime RVer from Haymarket, Virginia, says she and her husband “like to go to the campgrounds, go gallivanting in the towns and meeting people.

Why are people buying RVs for the first time?

For more TPG news delivered each morning to your inbox, sign up for our daily newsletter. Thousands of Americans are stepping into the RV market for the first time. Because the pandemic has severely restricted travel, many people have discovered the appeal of being able to hit the road in their own self-contained residence.

Are there any national parks that allow RVs?

“The RV industry is pushing to continue to expand, improve and upgrade campgrounds in national parks and on federal lands,” says Kevin Broom, director of media relations for RVIA. “A lot of those campgrounds were constructed in the 1950s and ‘60s and haven’t really kept pace with the modern RVs.”