RE: Help with RV Storage Condo Project
roadhouse - 2/19/2007 2:25 PM
Risky business is a good name for this project. The one near me is in its fourth year and is not sold out. Sounds like yours in that it has no water or sewer (not needed for storage) but has electricity. It is heated as we are in cold climate. The problem is they sell for about $200k to $250k (depending on size) and come with all of the problems of condo ownership. The condo fee and/or CAM plus taxes cost me more than it does to rent indoor storage with 30 amp service. The claim (like all condos) is you can sell it for more than you paid for it. Pretty weak claim if original units have not sold in four years.
I wish you luck but I still prefer great indoor storage for less than condo fees and no capital investment. Customer base is big boys with big toys and more money than brains.
Road House
WOW- no wonder they are not selling. 250K?????
Our project is selling for around 78K. Yes, we have sewer, water, sprinklers (fire) clubhouse, electricity etc. The big difference is that storage in LA or Orange County California is getting pretty scarce and expensive. Our first phase sold out in 2 days. I have a waiting list of over 800 for the next phase. I doubt they will sit on the market for long.
Thanks for your input.