In the last issue, I discussed some of the hidden costs of RV ownership. This time I will cover things to think about when considering RV ownership that some people, even experienced RVers, learn the hard way.
Much like car buying, if you purchase a vehicle new, it depreciates at least 10 percent as soon as you drive it off the lot. For an RV, especially a high-end motorhome, this can be significant. A vehicle will continue to depreciate until it levels off after several years. By then, the value may have dropped 60 percent or more. This is one of the reasons purchasing a used unit generally makes financial sense. Of course, buying used does bring risk, so you want to make sure the unit is in good condition.
You need to be able to park and store your RV in a safe and legal location. Depending on where you live, you may be able to park your unit on your own property, but for others this can be a challenge. Most municipalities forbid RV parking on the street, although there will be exceptions to this. Regardless, I would not plan on parking an RV long-term on a public street. If you don’t use your RV year-round, street parking requires, at the very least, that the vehicle be insured. Therefore, street parking, even if legal, can incur extra costs.
Some neighbors are very sticky about RVs being parked on the street and will report them. You should also consider the security of the RV. This is your investment, and having it broken into and/or vandalized is frustrating and expensive. I did cover RV storage in a previous article, but it bears repeating here. Retail vehicle storage availability is becoming rarer, but there always seems to be “want ads” for people offering storage space on their private land. Take advantage of this. Another possibility for locating a storage spot is neighbor.com, a storage-sharing website that connects hosts to those looking for storage solutions.
To avoid having uninvited pests visit your rig, remove food from the RV while it’s in storage, and consider setting traps or using nonlethal methods to deter rodents. Use steel wool to block all outside entries into the RV that are larger than ¼ inch in size. Clean your unit prior to putting it in storage, and visit the RV regularly to look for signs of pest inhabitants, such as droppings in cupboards, etc. During use, avoid storing food outside, as it can attract larger, more dangerous pests.