The Economic Reality of Full-time RV Living

Personal circumstances and life choices determine whether or not RV living is right for any individual. Many full timers quickly realize that moving out of a traditional home and into an RV full-time does not change their life entirely, as they may have envisioned before making the commitment to move. Financial management, budget adherence, and old spending habits remain the same. The reality is that it is critical for anyone considering making this change gather all available information to make an educated decision. The best way to accomplish this is to research all available options and perform a comprehensive cost comparison before taking the final step to change everything.

Compare Monthly Expenses
Traditional homes have either a mortgage payment or rent every month. This amount does not include utilities or maintenance and repair costs. Sometimes rental properties provide maintenance and cover utility costs, but the rent is usually higher. Homeowners must pay property taxes and insurance on the home and its contents. When making a budget for living in an RV, several things must be considered. Lot or camping fees, repairs and maintenance, utilities, annual vehicle licensing fees, and payments for cars or RV itself. It helps to make a list that includes the cost of each item and make a side-by-side comparison to determine which is the most feasible. If it costs more to stay in a traditional home, then it might be time to consider making a move to RV living seriously.

Discuss Benefits
A big plus for many who decide to take the step to full-time RV living is being able to lower expenses by limiting their possessions. Since RVs come furnished, only minimal personal possessions are needed. By selling or giving away unnecessary items, the new living quarters will be less cluttered and more organized than most homes. Some people decide to store some unneeded items, but many others sell them and pocket some extra money. They find that by getting rid of the excess, organizing becomes much simpler. Insurance costs will be much less with fewer items to insure. Living full-time in an RV in a friendly park offers many amenities that are especially important to retirees or those on a fixed income. This lifestyle offers them the opportunity to live in an established community where they can make new friends and enjoy life to the fullest. Some enjoy outdoor activities such as biking, hiking, or fishing in a nearby pond or just relaxing under the awning on a lazy day. It is possible to enjoy all of this and save money at the same time.

Ready For Full-Time Lakeside RV Living? Call Us Today: 936-890-2375

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