Housing costs are on the rise. This means that the prospect of getting your dream home is getting further and further out of reach. However, there are a few solutions. There’s the unrealistic expectation of winning the lottery or publishers clearing house…but the unlikelihood of either is large. One solution that’s feasible, attainable, and within your grasp is the prospect of owning a 5th wheel and living out of an RV full time. While it might seem a bit laughable at first, RVing on a full-time basis is a viable alternative to homeownership, one that has some overlooked advantages…
It won’t be long before housing rates reach an all-time high, with some being sold for several of hundreds of thousands of dollars. Once you take the initial cost, add on a mortgage, taxes, the renovations that almost every house needs, and you’ll be spending close to $1,000,000, easily. Taking a fraction of that cost and putting it towards a living space will save you thousands of dollars in the long term. Purchasing a 5th wheel usually costs less than $100,000, which isn’t even a quarter of what the average cost of the house is.
When tax time comes around, you’ll be able to save a little bit of money thanks to a loophole. To be considered a home, a fifth wheel must have an area for sleeping and cooking as well as a bathroom. If you have all three, a 5th wheel can be considered a home on your tax refund. You also might be able to write off your loan on your Federal tax refund, and because your 5th wheel qualifies as a residence, you’re entitled to the same deductions that homeowners are.
Towing a 5th wheel is considerably easier than a standard trailer. Because the weight of a trailer rests inside the truck bed, it stabilizes itself you’ll find that this combination is also much easier to maneuver. Some 5th wheels come with an actual garage, and disembarking a truck from your trailer means you’ll have a separate vehicle for supply runs or date nights. While it takes a seasoned driver to tow a travel trailer with ease, most drivers will adapt to driving. 5th wheel easily.
If you feel you’re ready to throw off the shackles of homeownership in favor of a 5th wheel living, come visit the experts at Patriot RV in Ashland. Whether you need to schedule service or make a purchase from our expansive inventory, we’re here to accommodate both. Drop by our website at patriotrvashland.com for inventory, services, and much, much, more.