If you’re considering a residential park home move, you may be wondering if it’s a worthwhile investment. There are several financial benefits when buying a park home and we’ve put together answers to the most frequently asked questions about park home ownership, so you can be more confident in any decisions.
Are park homes affordable?
Park homes are often more affordable than traditional bricks and mortar properties, especially in sought-after locations. If you’ve ever set your heart on a dream coastal or rural location that would usually be out of budget, park homes can give you the lifestyle you desire.
Investing in a park home allows you to move into a safe and secure living environment in a peaceful area for often far less than you might expect! New park homes also come fully-furnished with all mod cons, such as fully-fitted kitchen, bathroom and high-quality furnishings.
Do park homes depreciate in value?
Just like brick & mortar properties, park homes can rise and fall in value over time. It is all relative to the market at the time of sale and how desirable the location is. However, there are many instances of park homes in sought-after areas growing in value, especially when maintained properly. Let the experts at Quickmove find you a suitable property in one of our popular coastal or rural locations using our park finding service.
How are park homes made?
Despite popular misconceptions, modern residential park homes offer an exceptionally high-specification built in UK factories to the British Standard BS 3632. This standard is much higher than required for holiday homes and it is the standard required for permanent residence. These homes benefit from improved insulation, have higher minimum maintainable room temperatures and window and door glazing. All these factors together mean less wear and tear and help to retain the property’s resale potential.
What is the lifespan of a park home?
Today’s modern, well-built park homes can last a lifetime with proper care and maintenance. According to manufacturers, a newly built park home can have an estimated lifespan of 70-80 years or longer. In fact, some that were built in the 1970s are still going strong!
To help reassure you about the longevity of your home, park home buyers are offered a 10-year warranty that you can take advantage of if the manufacturer of your home and the site are both GoldShield-registered.
For more information, read our article on the lifespan of park homes here.
Are park homes cost-effective to run?
Many people find park home living a much more cost-effective option than a traditional brick and mortar option. Not only will you benefit from the lowest band of council tax, but thanks to highly efficient boilers and good insulation you could see a benefit in your utility bills too. Read here to learn why modern residential park homes are so cost-effective to run.
How will my lifestyle change?
As well as the potential financial benefits, owning a residential park home can also be a brilliant lifestyle investment, with a hugely positive effect on your quality of life and mental well-being. There are also many social benefits of living among neighbours who are of similar age, mind-set and lifestyle. Many parks organise activities and events which encourage residents to socialize and mingle with one another, so you’ll never be lonely!
Disclaimer
Please note, the views and opinions on this website are those of Quickmove Properties. For investment advice please discuss with a qualified professional financial adviser.
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