Debunking Common Myths About Park Home Ownership

jump for joy

One of the biggest positives our Country Park residents cite about their park home is the sense of community and camaraderie which you wouldn’t get anywhere else. Our residents tend to be of the same demographic – retired people looking for a more relaxed way of life.
 
Because park homes are much more affordable than traditional bricks and mortar houses, they’re a good way to move to an area which you like but might have been out of reach if you were looking to purchase a bungalow or retirement flat.

There are plenty of myths surrounding park home ownership though, so we’ve debunked some of the common myths about Park Home Ownership below:
 
hidden costs when you own a park home

There are lots of hidden costs when you own a park home

Costs continue to remain affordable and will be clearly set out by the site owner. You’ll have access to mains electricity and water, and in many cases, gas. Forget the horror stories about park owners adding subsidies on to your utility bills. The law says that park site owners are not allowed to add extra charges on to residents’ utility bills. As long as the park home is your main home, you’ll be responsible for paying council tax on it, but you should see that park homes are in lower classification bands than brick homes, so you’ll enjoy a considerable saving.

Park homes are flimsy caravans
 
Park homes are flimsy caravans

Modern park homes are now constructed with modern methods like timber frames, just like those you’d see on a regular housing estate. As with any home you own, you should budget for essential maintenance costs. The park home is your own, just as it would be for any brick built homeowner, and it’s up to you to keep it in a good state of repair. The site owner should be able to provide you with a manufacturer’s handbook, which will give details of how often the walls and roof might need routine maintenance. For example, roofs tend to last at least 40 years, and the exterior will probably need a fresh coat of paint every five years. This is on a par with a traditional house.
 
 Park homes lose their value quickly
 
Park homes lose their value quickly

For many who have not looked into park homes, you’ll hear stories about park homes losing their value. Our experience is that those stories are completely unfounded. The value of a park home is usually based on the piece of land which the park home sits on. With land values only increasing, your park home will certainly be a safe investment. Park homes are also becoming a popular way to enjoy retirement, and increasing demand for park homes is sure to keep prices in line with the market for conventional houses.

With far more of a community feel than you’d get living in a town or housing estate, park homes really are a great choice if you’re worried about feeling lonely in your retirement.

Click below to download your free step-by-step guide about things you should consider when buying a park home...

download this free guide things to consider when buying a park home

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