Do you love being outside? Do you also love to earn extra income? If you are looking for a way to earn income while sharing your passions with others, then a recreational property might be perfect for you. You can use the property for your own recreational activities and then rent it out the rest of the time. Understanding the benefits of owning a recreational property can help you decide if it’s right for you.
Low-Energy Investment
Some recreational properties Crowsnest Pass AB are investments that require little to no effort and upkeep and rake in the money all year long. For example, if you bought a plot of land and wanted to rent it to people for hunting or camping, you wouldn’t need to do any upkeep on it. You could potentially cut in a trail to different campsites, but even that would be minimal work for the return you could see.
Family Bonding
If your family already loves to camp or fish and spends all summer outside, then it makes sense to have a property of your own. Stop paying all the extra fees to rent someone else’s and pay for your own property.
Having your own lake house or mountain retreat could be a great way to bring your family together. No one will be distracted by their devices. Everyone can slow down and focus on each other.
Extra Income
Even if you anticipate that you’ll only be away from your recreational property for a few weeks, use that time to list it for rent. The more time that you can have people rent the property, the more money you’ll make. Consider setting specific land aside for primitive campsites if you have a lot of extra land. However, if you plan to allow hunters to rent your land, you want to ensure that you don’t have anything else on it that could get hurt by a stray bullet.