Winni Baygo at the Lake

[Billy Bob]

Originally Posted by thinkxingu

I've not seen this new RV condo community discussed here, but it's been coming up on my Facebook a lot, and I'm surprised by how much the numbers have changed over the weeks.

The first post I saw, lots were selling for $200k, and then a few weeks ago they were "starting at $175k." This morning, there's a "Labor Day special" for $150k. That's a 25% swing in a couple months.

Has anyone seen this place? I wonder if they're not selling because of the price, property (from the photos, it looks very trailer-parky and bland), or other issues or if maybe we're starting to see the demographic that might normally be this customer getting hit by the economy...

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The promotional material and advertising make this place look absolutely awful.This is not what RV people have come to expect in luxury Rv parks . The sites are on top of each other. This will be a problem area quickly. Who built this mess ?

[LIforrelaxin]

Originally Posted by Billy Bob

The promotional material and advertising make this place look absolutely awful.This is not what RV people have come to expect in luxury Rv parks . The sites are on top of each other. This will be a problem area quickly. Who built this mess ?

So I looked at this quickly this morning, and I believe you are wrong to a degree in your assessment. Certainly their advertising material is not that good. After moving south two years ago and traveling around, you see a lot of these facilities. While this isn't your top of the line luxury RV park where the elite RV with 500K+ rigs are going to be going, there is a certain amount of the RV population that would be very interested in spots like this. Now here is where I see a short falls in this development:

1. Year around use is going to have a limited appeal give the location
2. Most people that chose the RV lifestyle and would like to own something like this, are going to feel trapped in the Northeast given the location, you are 2 days of travel to get out of the Northeast....
3. Is the renting of a spot going to be allowed? if you aren't using it all the time, is it just going to site empty?

I have looked into buy into something like this in the south... and the noted difference are:
-- Pricing has been considerably less expensive... although the monthly fees align..
-- They are established, and when not in use buy you, the management office will offer the site for nightly rentals, so you can generate some revenue
-- they are in locations, where you have easy access to major travel routes and can get out and explore the country.

[TiltonBB]

Originally Posted by LIforrelaxin

So I looked at this quickly this morning, and I believe you are wrong to a degree in your assessment. Certainly their advertising material is not that good. After moving south two years ago and traveling around, you see a lot of these facilities. While this isn't your top of the line luxury RV park where the elite RV with 500K+ rigs are going to be going, there is a certain amount of the RV population that would be very interested in spots like this. Now here is where I see a short falls in this development:
.

I think the difference is that these sites are not meant for travelling RV's although I am sure they would be welcome. The Campground/RV parks in this area are predominantly occupied with park model campers that stay in place for the long term. Most owners move a camper in, put it on blocks, remove the wheels, and skirt the bottom so the undercarriage does not show. They are not going anywhere.

Having driven the trip to Florida many times I don't see it as "days of travel to get out of the Northeast." Washington DC is only about 9 hours and 500 miles, easy for most people in one day.

Allowing renting at this type of property, or even in condos, presents it's own challenges. Some owners who want a peaceful week at their camper might object to the AIRBNB family with 4 kids, a dog, a lot of energy, and a keg of beer moving in next to them for a weeks vacation.

There is no year round use at this campground and they would need Planning Board approval for that. The water and sewer systems would need to be buried a lot deeper than they are to prevent freezing. The other campground, near the Weirs traffic circle, has obtained Laconia Planning's approval but is not winterized yet.

If someone buys a site for $150,000 and spends $100,000 on a camper, that will give them a summer home in the Lakes Region at a relatively low cost. For people who would be challenged financially to buy a summer home it is a lower cost option. That works for some but may not be for everyone.

[FlyingScot]

Originally Posted by TiltonBB

If someone buys a site for $150,000 and spends $100,000 on a camper, that will give them a summer home in the Lakes Region at a relatively low cost. For people who would be challenged financially to buy a summer home it is a lower cost option. That works for some but may not be for everyone.

Whether it's for you or not, it's breathtakingly expensive to sleep in an RV on 1500 sq ft of land with 99 others abutting you, only seasonal.

[pondguy]

https://www.realtor.com/realestatean...6_M95775-06858

[LIforrelaxin]

Originally Posted by TiltonBB

I think the difference is that these sites are not meant for travelling RV's although I am sure they would be welcome. The Campground/RV parks in this area are predominantly occupied with park model campers that stay in place for the long term. Most owners move a camper in, put it on blocks, remove the wheels, and skirt the bottom so the undercarriage does not show. They are not going anywhere.

If someone buys a site for $150,000 and spends $100,000 on a camper, that will give them a summer home in the Lakes Region at a relatively low cost. For people who would be challenged financially to buy a summer home it is a lower cost option. That works for some but may not be for everyone.

Most campgrounds in the area don't ask for 150K, plus 100$ per month either. A developer is trying something new in the area. I continue to stand by what I said, the market here is to get people that live in RVs, to purchase a spot as a base.... Some people that really enjoy the RV lifestyle will own multiple.... But when they aren't using them they are able to create income with them......

Also with the pictures provided from the unit for sale, the RV folks that might be interested in something like this are going to expect more then gravel lots.

All in all it is another attempt to make money because of the Attraction to the area.... While I don't think it will fail, I look for this "RV Resort" to under go many changes in order to survive.