Looking to upgrade your small RV to a bigger one or perhaps make some profits from your long-term investment? Whichever reason you have behind selling your travel trailer, you might be wondering how much it's worth in the current market.
Now, if you are in the exciting process of reselling, there are a few factors that will determine the worth of your motorhome. Unlike built-in traditional homes that appreciate their value once you make some home improvements, motorhomes call for more. This means that when you want to sell a travel trailer, you need more than just remodeling your bathroom and kitchen. Lucky for you, we have all the information you need.
This article will focus on the factors that impact your motorhome's price, conditions, and maintenance, and lastly, upgrades and modifications that can increase its value in the used RV market. So, if you want a good resale value, stick around until the end!
Reselling RV - A Complete Guide
Factors That Impact Resale Value
Honestly, if you sell travel trailer that has served you for more than 5-10 years, its resale value will be low. Just like any other car, motorhomes also depreciate as time goes on. Not many potential buyers would spend a fortune to buy an old RV. Don't get us wrong, you will find many potential buyers, but you will have to sell my RV trailer at a more affordable price.
Wondering why? Your motorhome is old already, meaning that most of its features have reached the end cycle. This will call for costly repairs and maintenance. The good thing is that selling an old motorhome doesn't have to be of less worth. If you do your diligence on regular maintenance and repairs, buyers will pay more just to get that well-maintained vintage motorhome.
To calm you off for a bit, mileage slightly affects the value of your motorhome. Here is why - most RVs become less functional because of issues like cracks in the ceiling, water heater issues, sun damage, and the rest. It's rare to find issues on the driving portion. Yes, your old RV can go for more than 200,000 miles, but it won't last that long if there are other issues on the home part.
Moreover, if you use your RV often, let's say you decide to hit the road for several months, its high mileage will depreciate over time. Nothing is wrong with that. Motorhomes are meant to be enjoyed, so it's not worth worrying about that too much. Plus, if you make regular maintenance and repairs a norm, your mileage depreciating shouldn't be a concern.
Condition and Maintenance
The Role of Maintenance and Records
I want to sell my motorhome, how does this relate to maintenance and records?
Well, if this is your confusion, let us explain.
If there is one thing that will make sure you get the most value for your investment, it is doing regular maintenance.
Picture this - winter season is over, and you haven't been on the road in a while. You decide to resell your RV without de-winterizing it. In the best case scenario, the potential buyer will take it at a lower price. Worst case scenario, the buyer may not buy your RV at all. However, if you do regular maintenance before and after winter, you are in a better position to set a higher selling price.
To put it simply, no one will believe your motorhome is well-maintained if you don't have the evidence. Thus, you must always compile and maintain a log of all the RV repairs, component replacements, upgrades, and maintenance - this well-documented service history would help you sell the unit better and get a good price for your motorhome.
Exterior and Interior Condition
Frankly, every potential buyer desires a good-looking motorhome. However, do note that focusing on your interior aspect only will not raise the value of your RV. You need to show some love to the exterior parts, too.
Do the windows need cleaning? Are the tires in good condition? Has the exterior painting faded off? If none of these are in check, you need to get everything in shape before you sell your travel trailer.
Shifting our focus to the inside of your motorhome. Interior cleaning and maintenance will take your RV's value to the next level. This is because regular cleaning keeps your interior looking great and makes it easy to spot areas that need repairs and maintenance. It's also important to note that some surfaces in your motorhome should be cleaned using non-abrasive cleaners designed for motorhomes.
Brand and Model
Popularity and Reputation
Are you wondering how I can sell my motorhome at a higher price?
If you are in the process of buying a motorhome and have it resold in a few months, you need to buy one from a highly regarded brand. Auto-sleepers, Auto-Trail, Bailey, and Swift are well-known brands with a history of satisfied customers and can command a higher resale value.
While it may be tempting to buy your new motorhome in an unrecognizable brand because it's cheaper, reselling it in peak seasons may be a significant loss.
Features and Amenities
Let's face it, one of the top reasons people buy an RV is to enjoy camping adventures in luxury.
According to a recent report by The Outdoor Foundation, more than 164 million people in America enjoy outdoor activities. With that being said, no one wants to empty their pockets for a non-luxurious RV.
A motorhome with a covered porch will have a higher resale value than that with none- Of course, many people are willing to pay more to make their experiences worth it. The same applies to a motor home with a residential refrigerator. You don't have to waste gas while fetching groceries every now and then. Investing in an RV with unique and helpful features can result in profits in the long run.
Upgrades and Modifications
Value Added Upgrades
Over time, your motorhome will show signs of tear and wear. If you sell travel trailer in that condition, you will not get a higher resale value. But if you make some upgrades and modifications, your motorhome will be worth it in the marketplace.
What upgrades do I need to sell my RV trailer at a good price? Well, it's pretty simple. Are your upholstery furniture in good condition? If not, ensure you do some repairs to keep them in prime condition. Have children or pets in your RV? Get that carpet replaced, You don't want to sell your RV with stains and pet urine all over. If you have extra space, you can add storage cabinets to help potential clients declutter. With such upgrades, your RV should be of great value in the market.
Potential Drawbacks of Excessive Modifications
Now, as much as you want to sell travel trailers at a higher price, you have to do the home modifications moderately. You may invest more money on the upgrades only to find that no market is willing to pay your price when it's time to sell.
That's not all - highly customized motorhomes with unique features may not attract many buyers. Everyone has different tastes and preferences. Overly personalized modifications can make it challenging to find a buyer willing to pay a premium for those specific upgrades. To be on the safe side, aim to strike a balance.
Every motorhome depreciates over time; however, you can slow down the depreciation rate by considering the aforesaid factors. Also, if you want to sell travel trailer fast and get a great deal, consider registering at RV Postings - we help people like you sell your used RVs and campers at the best possible price. Sign up here to get started.