If you own a caravan, either static or touring, you must not be using it the whole year. Most caravan owners don’t use their caravans for almost half a year. In this duration, when you’re not using your caravan, you must have wondered, like others, that can I make money renting out my caravan?
Yes. you can make money renting out your caravan. Caravans are expensive, and many people prefer to have them for rent than buying them. With a little search, you can easily find a person who will be ready to pay you a good amount for staying in your caravan.
But you can’t begin renting your caravan just because you want to. There are a lot of things that should be considered on the way. In this article, you’ll find all those things you should know before renting out your caravan.
How Can I Rent Out My Caravan?
When renting out a caravan, you’ll have to advertise it to find out potential customers. You can do this yourself, or you can hire someone. If you hire an agent to advertise your caravan for rental purposes, you’ll have to pay some commission to him for the work he’ll do for you.
On the other hand, if you do it yourself, there will be no commission costs. But it may consume time, which can be less or more depending upon the season and caravans’ availability.
How To Advertise My Caravan For Renting Out?
Here are some ways you can advertise your caravan to rent it out:
Caravan Rental Sites
Many people are searching “Holiday caravans for hire” online. Caravan rental sites are a great way to advertise your caravan to those looking.
Some of the caravan rental sites also advertise the caravans on social media to increase their reach. They are a quick and easy way to find someone to rent out your caravan. In return for their service, they will charge a small annual commission.
A few popular caravan rental sites include Rent My Caravan, Camplify, Direct Holiday Homes, and UKCaravans4Hire.
Caravan Park Operators
The other way to do this is to contact a caravan park operator. You’ll just have to provide the necessary details about your caravan like when you want to rent it out, rent you’ll charge, etc. The rest will be done by the park, including advertising, handling and booking process.
Moreover, the caravan park will also provide a cleaning service. With a bearable commission, it’s not a bad deal.
Do It Yourself
Ask your friends and colleagues if they are planning a trip to a far-off destination. You can offer them your caravan on a rental basis. You can offer them a discount to make the deal attractive for them. In this way, you’ll get a good amount without paying the agent commissions that sometimes can be a big amount.
How Much Money Can I Make Renting Out My Caravan?
The money you can earn by renting out your caravan depends upon many factors, such as:
• Condition of your caravan- new caravan will make you more money
• Size of the caravan- you’ll get more rent for a 6-berth caravan than a 2-berth caravan
• Location of your caravan- in case of static caravan only
• Season wise- you can expect more rent during peak season
On average, you can make $550 to $680 rent per week for your caravan. However, this can be higher or lower depending upon the factors mentioned above.
How Much Should I Charge For Renting Out My Static Caravan?
A static caravan that is at a good location and is in good condition can comfortably earn you £500 per week. So, you can quote this price while renting out your caravan. If your caravan is new, then you can charge even more.
How Much Should I Charge For Renting Out My Touring Caravan?
Again, based upon your caravan’s condition and size, you can charge more. In the case of a touring caravan, you can also charge more if the caravan is being rented for distant locations or international touring.
Is renting out a caravan profitable?
Renting out a caravan can be profitable, but the actual profitability will depend on several factors, including the location of the caravan, the level of demand for caravan rentals in the area, and the rental price being charged. In general, renting out a caravan can generate an average gross income of £5,000 to £8,000 per year.
However, some caravan owners may be able to generate higher or lower profits depending on their specific circumstances. It is important to note that renting out a caravan also comes with additional costs, such as maintenance, insurance, and pitch fees, which can impact the overall profitability of the venture. It is recommended to carefully consider these costs and conduct thorough research before deciding to rent out a caravan.
Things To Consider Before Renting Out Your Caravan
Before you rent your caravan, have a look at the things you must know:
• If your family or friends use the caravan the whole year, the rental income will reduce considerably. This is particularly applicable if you’re using the caravan in peak seasons or in a way that damages your caravan.
• If you’re purchasing a caravan just for rental purposes, then space is a significant factor that can earn you more profit. A 6 berth caravan makes more rent than a 2 berth caravan. So, make your purchase wisely.
• If you hand over the maintenance cleaning services to the holiday parks, your income will significantly reduce. You can save this money by finding a local person who can provide these services at economical rates. Moreover, you must ensure that you hire a qualified professional for an annual gas safety check.
• Renting your caravan regularly will also cause more wear and tear. Therefore, it’s wise to include a security deposit against damage in the total rent that holidaymakers will pay.
Caravanning isn’t only fun for you, but it can also be a profitable business. You can make money by renting out your caravan. Caravans are expensive; therefore, people who only spend vacations in caravans prefer renting than buying them.
To rent your caravan, you can contact a caravan park operator or assign this task to a caravan rental site. With a little commission, they will handle all the processes of renting your caravan. You can also do it yourself if you have sufficient time and social circle for advertising your caravan.
Most caravan owners make about £550 to £700 weekly by renting out their caravans in peak season. The rent can increase or decrease depending upon the size and condition of a caravan, peak season, and location of your caravan.
Therefore, before renting your caravan, make sure that you know the process well and all the essential things.
So can you make money renting out a caravan? Essentially yes you can if you’re willing to put in all the hard work, upkeep, etc.
Can you earn a living renting out a caravan? Obviously, many holiday caravan parks exist so the answer is technically yes but with 1 or 2 caravans personally we’d be looking for a much easier source of income and less stress!