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MHP / RV Appraisal

RV Park Appraisal Data Sources

by Administrator on Nov 11, 2015 MHP / RV Appraisal 1538 Views

It's important to realize that most RV facilities consist of real property and a business entity, they are going-concerns, rental income is important but net income is also about expenses and specifically management expenses that often loom large in the expense column. One of the problems with appraising RV parks is that market data is hard to come by. The Assessor and data services often have information on only 1 or 2 sales. Ultimately you may have to accept the fact that a search outside of your immediate market area to find the data that you need for analysis is necessary. If a wider search area doesn't solve your problem you may also have to go back in time to find RV facility sales.

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