Many financial experts believe that with proper planning and care, real estate is one of the safest and most secure ways to invest for future gains. Although not without risks, buying properties to rent out or to resell can result in a sizable return on investment. Here are property options to consider in the tourism industry.
Campgrounds and Parklands
Many people are planning getaways to the countryside for leisure and recreation. You may want to invest in a campground for tents and RV vehicles. Alternatively, you might want to build rustic cabins for rental.
Consult an RV park broker for information about available acreage as well as property taxes, land improvement costs, and utility hookups. You should also find out about installing toilets, drinking water access, and a lodge for special events. You might also want to prepare hiking trails or a woodland picnic area along with a parkland playground for children.
Fields and Pastures
A simple land purchase with basic improvements can be converted into riding trails or hiking paths. With a little more of an investment, you might want to put up an observation deck for visitors to watch birds or wildlife. You could also landscape a seasonal garden of various regional plants and trees. Scenic views offer a respite from hectic daily life. You might need to add a parking area, but the overall cost may be very affordable.
Ranches and Farms
Another creative way to invest in the tourism industry is to buy a ranch and open it to the public. Many people enjoy participation sports like horseback riding and watching ranch or Western-style sports like rodeos. You can offer themed events like weddings, birthday parties, and anniversary celebrations.
Tourists might also enjoy visiting a working farm or a petting zoo for entertainment. This could also be marketed to schools as a good learning experience for field trips.
Orchards and Gardens
If you like plants and greenspace, you can invest in a fruit orchard and operate a roadside stand or farmers market stall. With the proper state license or certification, the market can carry local homemade baked goods or handcrafted items that shoppers can buy. Expanding the simple garden idea from a parkland area, you can cultivate a more elaborate, extended garden with labeled plants, trees, and herbs as a teaching site or observation area.
The tourism industry offers several investment options for people who want to work with that kind of real estate. People are always looking for new tourist sites to explore, and this is a great time to buy property for this purpose. Check out acreage that can be developed for investment purposes.
Anita is a freelance writer from Denver, CO. She studied at Colorado State University and now enjoys writing about health, business, and family. A mother of two wonderful children, she loves traveling with her family whenever she isn’t writing. She recommends talking to an RV park broker if you’re considering investing in the tourism industry. You can find her on Twitter @anitaginsburg.