Senior RV & Trailer Parks
Retirement is a time many seniors sell their larger homes and downsize. For some this means a retirement community or apartment, and for others it could mean calling an RV (recreational vehicle) or trailer park home.
RVs give seniors the freedom to be on the move and wake up in a new place whenever they want.
Others may opt to buy a mobile home and live out their retirement years in a trailer park. This is an inexpensive option that allows seniors to downsize and spend their money on other things like hobbies or other travel. In fact, trends show more and more seniors are choosing this option.
Whichever you may be considering, it’s important to know the advantages and disadvantages so that you can make the right decision.
Pros and Cons of RV Living in Retirement
You’ve always wanted to drive cross-country and visit as many states as possible but never had the chance because you were working and had other responsibilities. Now, you’re retired and time is on your side. But, instead of renting an RV for a few weeks or months, you may be considering making that RV your permanent home. In fact, it’s estimated that 750,000 to as many as one million retirees call RVs home.
Here’s a look at some of the benefits of RV living in retirement:
- Many RVs are equipped with a full kitchen and bath
- Freedom to pick up and move or travel anytime
- No room for clutter
But, don’t be fooled, there are some RVs that are extravagant as well with flat screen TVs and king sized beds. So, it’s all what you make of it!
Here’s a look at some of the drawbacks of RV living in retirement:
- Small living quarters
- Little storage space
- Need to find campground to park the RV
Another thing to consider about RV living is to make sure you still have access to your regular doctors. Even if you are in good health, check-ups are a must. So, you want to be sure you still have a “home base” where all of your medical needs can be met.
Cost of RV Living
If you’re thinking of selling your home and trading it in for an RV, you’ll likely be able to do it for less, that is if you’re not buying a luxury RV. The cost of the actual RV can range anywhere from $15,000 to hundreds of thousands of dollars.
Once you have the RV, you have to take the cost of a campsite or mobile park. Think of this as your mortgage, but on a smaller scale. Depending on where you’re parking and if you are getting hook-ups (electric, water, sewer), monthly expenses can range anywhere from $200 a month to $1,500 month, which can be as much as a mortgage payment. So, that’s something to keep in mind if money is a deciding factor. You also want to consider the cost of RV insurance.
It really depends on whether you’ve truly downsized or simply want to make a lateral move monetarily to RV living. This plays a big role into whether an RV for retirement is truly worth it for you.
If it’s not, you may want to consider a trailer park.
Pros and Cons of Trailer Park Living for Retirement
In the past, some trailer parks have gotten a bad reputation for being run-down and being located in bad parts of town. But, these days, there are trailer parks that are true communities and located in wonderful neighborhoods. In fact they’ve become so appealing that they’re becoming a more popular option among the retirement crowd.
Here’s a look at some benefits of trailer park living for retirement:
- Low cost
- Close knit community
- Special communities for those 55 and older
- Some have shared amenities like shuffleboard courts and swimming pools
Here’s a look at some disadvantages of trailer park living for retirement:
- Some may be a distance from medical facilities
- Rent prices (for the actual space in the park) have tendency to increase
- You may be limited to location as not every area has trailer parks
Cost of Living in a Trailer Park
Trailer park living is catching the eye of many seniors because of its inexpensive price tag. The most basic homes can run anywhere from $30,000-$70,000. If you want to get fancy and have more customizable features the price tag can easily go over the $100,000 mark.
After you have chosen the type of trailer you want to call home, the next thing to consider is the cost of rent. The rent itself ranges from $200 to $300 a month. The cost of utilities for the entire year can be as low as $1,000.
As you can see the cost of trailer park living can be far less than paying a rent in an apartment or making a mortgage payment every month.
When deciding whether RV or trailer park living is the right path for your retirement it makes sense to also talk to people in those situations. See what they love about their living choice and what they would change. This can help you make the decision that’s best for you.
Where Can I Find Senior Trailer Parks Near Me?
If you are looking for senior living trailer parks or RV parks, give us a call. We can help to assess your needs and find the right living situation for you. Whether you are an active senior looking for a sense of community or are just looking for an affordable retirement option, we can help you find what you are looking for.