Park Home

How do I buy a park home?

If you’re thinking about buying a residential park home (or ‘mobile home’ as they used to be called) you may be wondering where to start? Our helpful guide will set you on the right path and help you start your journey to your new home.

Is a park home the right home for me?

Before you go any further, it’s important to ask yourself whether a park home is the right home for you? There are many benefits to living in a residential park home, including:

Affordability – residential park homes are usually considerably more affordable that an equivalent bricks and mortar property in the same location.
Community and quality of life – many residential parks have age restrictions and as a result you’re likely to be surrounded by likeminded individuals with a similar lifestyle. This offers a great community that is sadly lacking from most neighbourhoods these days, and in many parks there are social activities and clubs arranged to help and encourage the residents to form new friendships.

Safety and security – because many residential park residents are retired or semi-retired, a significant proportion of the homes are occupied during the day, which means crime rates are comparatively lower than in a standard residential property.
Low maintenance living – because residential park homes are ‘leasehold’ properties, the park owner is responsible for much of the grounds upkeep. Most residential park homes will come with a small manageable garden and because the properties themselves are usually low-maintenance, single storey dwellings, they require significantly less maintenance than a standard brick-built family property.

What can I afford?

It can be difficult deciding what you can afford before knowing exactly what equity you have in your existing property. If you have significant equity in your current property, part exchange can be a great option – the sale of your current property and the purchase of your new property are timed together perfectly to result in a smooth and stress-free move, you don’t have any upfront fees to pay (no solicitor’s or estate agency fees), the sale of your existing property is guaranteed and best of all you’ll know from the very start what price you’ll be achieving from your current property which will enable you to accurately budget for the purchase of your new home.

If you don’t have sufficient equity in your property to cover the cost of your new home, specialist lending may be available, though this tends to be on a shorter term agreement than a traditional bricks and mortar mortgage.

Where would I like to live?

There are more than 2,000 different residential parks around the UK to choose from, so whether you’re looking for quiet countryside, breath-taking coastal scenery or a park in a vibrant and friendly town, you’re sure to find a home to suit.

How do I choose which model of park home I want to live in?

There are some great shows that you can attend, and park home publications that you can read, to gather a wide range of information about different residential parks and park home models. You can also do some independent online research of different park locations and people’s experiences at different parks.

If all that sounds a bit confusing and overwhelming, you can simple give Quick Move Properties a call! Quick Move Properties has been involved in the park home industry for nearly 20 years and work extensively with both park operators and park home manufacturers. Simply tell Quick Move Properties where in the country you’d like to live and they will set about finding you the perfect park and property. They will then handle the sale of your existing property and support you all the way through to moving day. Because they have such extensive experience in the park home industry, but are not associated with one particular park or manufacturer, you can be sure you’re getting independent, objective advice and support, and that Quick Move Properties are working to offer you the best possible package.

Mr Deacon, who recently used Quick Move Properties part exchange service to buy his new park home, says: “We were attracted to the idea of property part exchange because of the security it offers; you don’t have to line everything up as you would with a normal sale and purchase, and there is less risk attached to the process as well, for example we knew our buyer was not going to drop out last minute. I saw an article about Quick Move Properties’ part exchange service, called the number and the process began.

“The team at Quick Move Properties were always polite and helpful and I always felt that they had our best interest at heart…we couldn’t have asked for more, and we are very, very happy with both the park and our new home.

“By working with Quick Move Properties we were able to get the park and the home we wanted within the budget we had. For us, the whole process was stress-free and the best move we have ever made.”

Park home selection

The price we pay for falling in love with property

Most of us have been there…you walk into a property, and it’s not necessarily what you thought you were looking for, it doesn’t tick many of the boxes on your ‘wish list’, maybe it’s even out of your price range, and yet you got a feeling as you walked through the door which means this is the property you have to have. But what price do we end up paying for using our hearts rather than our heads in choosing our properties?

Well, experts are now suggesting that the figure is more than £2,500…in unexpected bills.

A survey of 2,000 homebuyers has revealed that more people are concerned about the feeling they get from a property than whether it’s going to flood or maintenance work is required. One in three homebuyers questioned also said they didn’t consider energy efficiency when looking round a property, but buyers end up spending on average £2,524 in unexpected bills once they’ve purchased the property.

David Bird, managing director of E.ON who conducted the research, commented: “For most people, property is the biggest financial purchase we make. Whilst it’s only natural to get drawn in by aesthetics, it’s important to think about the potential costs of running and improving the property too.”

E.ON is encouraging people to use their heads rather than their hearts when making the all-important decision about which property to make an offer on, and has launched a new mobile tool that prompts homebuyers to consider various factors when viewing a property. They can then re-visit the information collected when making a decision about whether it’s a wise purchase, helping them to remain a little more objective.

Quick Move Properties’ Patrick Chambers added: “It can be really challenging to remain objective when considering whether a property is suitable, but it is really important to try to do so, especially when looking ahead to the future.

“As our lives and families progress and change, our wants and needs adapt and our properties can sometimes struggle to keep up. This might mean we need more space, less space, a different living space to bedroom ratio, or a property that requires less maintenance or that’s closer to various facilities. It’s important to think not just about what is right for us now, but also what our lives might look like in 5, 10 or even 15 years’ time. Think about how adaptable a property is; will you be able to make changes to the property to meet your changing needs, or would you need to move again in the future? Does the property offer the facilities and community that are likely to become increasingly important as you get older? Is the property likely to require significant ongoing maintenance? These are all things to consider when thinking about moving to a new home.”

10 resons to buy a park home

Top reasons to buy a park home…

Residential park homes are perfect for individuals, couples and families alike and offer an opportunity to live affordably in a real community. Park homes are becoming a popular choice of property, especially for those looking to downsize or retiring.

Despite common misconceptions, modern park homes offer an exceptionally high level of practical and stylish living. Whilst the inside of a park home can offer all the mod cons in a comfortable environment; the outside can provide the owner with a quality of life that would normally be unaffordable with a counterpart bricks and mortar property!

In actual fact, most residents comment that the lifestyle you can have on a residential park is a refreshing change from the hustle, bustle and pressure of urban living. What’s more is that your neighbours will be friendly like-minded people. A real community!

These are just some of the benefits. Read on to find out what other benefits there are living on a residential park home…

More affordable than a bricks and mortar home
Residential park homes offer great value for money, with costs significantly lower than purchasing an equivalently sized house.
Not only are park homes more affordable than standard bricks and mortar homes, owners can also expect a comfortable and stylish new lifestyle.
Most parks are situated in stunning locations throughout the UK. You can choose to live near the sea, in secluded woodlands or picturesque countryside. There really is something for everyone!

For those looking to downsize, you can make your transition to a park home hassle free by using property part exchange. You can use the equity in your current home to secure your new park home and have a little left over to start enjoying your new life!

A great quality of life
While there are lots of financial benefits to choosing a park home, improved quality of life is the main reason why people chose a park life!
Not only are most parks set in stunning locations, but residents also benefit from being a part of a real community. Park life offers its residence both independence as well as community spirit.

Most parks have a minimum age restriction; therefore, residents find themselves living alongside like-minded people that share the same moral principles.

Safety and Security
Compared to urban living, park homes offer an increased level of security. Most parks are gated communities and inhabited by residents only. With other residents nearby, park home owners say they love the fact they can ‘lock up and leave’ knowing that their neighbours and park manager will keep an eye on their property. This level of security gives residents a peace of mind which is unmatchable anywhere else in today’s society.

Low Maintenance Living
Unlike traditional bricks and mortar properties, park homes generally require very little maintenance and upkeep.
The main difference between a part home compared to a bricks and mortar property is the way in which they are built! Park homes are built under strict workshop conditions before being transported directly to the park. Park home are mainly a timber construction on a robust chassis.

There are different finishes to choose from. Traditional rendering or canexel are the two main types. Canexel is a popular finish which is regularly used in Canada. A ridged, UV safe and compound that is great for low maintenance finish.

Park homes are designed from the offset to be low maintenance!

Energy Efficient – Low energy bills!
As well as being designed to be low maintenance, modern park homes are built with energy efficiency in mind! Not only does this mean you’ll be warmer but you’ll also save money on your monthly bills!

Unlike standard bricks and mortar, insulated timber frame construction offer an effective way of keeping your home warm. Add to this the low-emission glass used for windows and doors and you’ve got yourself a very energy efficient home! All park homes are built with full central heating, most have an energy efficient combi-boilers installed.

Cheaper Council Tax Payments
The cost savings keep coming! Not only will you save money on your monthly energy bills but you’re almost guaranteed to save money on council tax too! Most park homes are in the lowest tax band!

Lots of Open Space!
Park homes offer plenty of space both on the inside and outside. Unlike some urban streets, park homes offer their residents a sizeable piece of land between homes. Most park homes have a small, manageable garden and some parks offer communal gardens for socialising.

Sources: www.sellmygroup.co.uk

Mr & Mrs Holder

Looking for the perfect home to retire to? New service could revolutionise your move!

If you’re looking for the perfect home to retire to, but are put off by the stress and hassle usually associated with buying and selling a property, a new service being launched by the UK property industry could prove revolutionary.

PerfectRetirementHome.com; a new all-inclusive moving service being launched by one of the country’s leading independent property companies – Quick Move Properties – is set to transform the way people find and move into retirement properties. From the initial property search, through to the sale of your existing property, PerfectRetirementHome.com will handle the whole process, with no stress or hassle for you.

Quick Move Properties’ long-standing relationships with a wide range of national and independent retirement property specialists give them access to retirement properties available throughout the country, enabling them to carry out a property search based on the criteria you supply. Once they’ve found the property of your dreams, they will then handle the sale of your existing property, guiding and supporting you through the whole process.

Patrick Chambers, Sales Director at Quick Move Properties, explains: “Our aim is to remove all of the stress and hassle usually associated with moving house. Around one in three people over the age of 55 have considered moving to a smaller, more manageable property, but the idea of the hassle of buying and selling on the open market often puts them off. With PerfectRetirementHome.com, members of the public simply have to tell us what they’re looking for in a property, and we’ll do all the rest.

“We recognised that we are all leading increasingly busy lives, and felt that there was a big gap for an all-inclusive service that would take the stress and hassle out of the retirement home hunting and moving process. Most of us will happily hire someone to help with the gardening or do a bit of cleaning for us; this new service is just an extension of that concept – Quick Move Properties has the time, the experience, the relationships and the expertise to make your move a smooth, easy and hassle-free experience – why would you want to manage your move yourself when that level of service is on offer with no cost, no hassle and no obligation?”

Mr and Mrs Holder, who recently used Quick Move Properties’ services to move to their new retirement property in the beautiful Finchale Abbey in County Durham, commented: “The team at Quick Move Properties were really helpful. I’d definitely recommend the service to others; Quick Move Properties just dealt with everything. It was so easy and hassle-free.”

If you’re dreaming of moving to your perfect retirement property, and would like to know more about how Quick Move Properties could manage your move, contact their friendly, professional team today on: 01793 840917 or visit: www.PerfectRetirementHome.com

Guide to buying a park home

Guide to buying a park home

Step One: Is a park home right for me?

There are currently around 70,000 park homes in the UK and over 2,000 different residential parks.

Parks may be small, independent, family-run sites, or they may be larger sites owned by a specialist park home operator who may run as many as 30-40 different parks.

Park homes offer a great lifestyle to retired people or those approaching retirement. The homes are single storey and low-maintenance, with significantly lower running costs than a traditional bricks and mortar property – including the lowest level of council tax – and outdoor space is large enough for those with a passion for gardening, but small enough to be manageable and easy to maintain for those who are less green-fingered. The biggest selling point for many park home residents, however, is the community spirit and quality of life on offer at most parks. Residents are often home during the day and are of similar age, often with similar interests, which offers the opportunity for great friendships to be forged with neighbours. Many parks also offer a range of activities and events that encourage regular socialising.

Because most of the homes are occupied during the day, incidents of crime and anti-social behaviour are incredibly low, making a park home a very safe and secure place to live.

Step Two: What’s my budget and how will I finance my new property?

If you have an existing property to sell, your budget will largely be dictated by the value of your current property. Because you’re buying the home, but not the land the home sits on, most high street mortgage lenders would be unable to offer you a mortgage to buy a park home, however finance is available through specialist finance companies. If you do require finance to purchase your new home, the park owner should be able to advise you on what’s available.

Because a significant deposit will be required when reserving your park home, it can be tricky to get the timing right with putting your existing property on the market. For this reason, property part exchange through companies like Quick Move Properties proves incredibly popular.

Gary Self, who owns a residential park in North Devon, explains: “Part exchange takes away the hassle of selling your existing property, and in my experience that tends to be the biggest worry for someone when they’re looking at moving to a park home. Using part exchange eliminates the risks and horror stories people hear about; things like sales falling through, buyers pulling out last minute, and renegotiations following a bad survey. When our customers use the part exchange service they know they’ve got a solid cash buyer, and they can stay in their existing property until their new home is ready to move into.

“They also know how much they can afford for their new home because they know exactly how much they’re going to get for their existing property and the date the money will be in their bank account – there’s none of the uncertainty and ‘guess work’ involved in selling a property on the open market via an estate agent.”

Step Three: Where in the country would I like to live and what sort of park home could my budget purchase there?

The first decision is where in the country you’d like to live? Once you’ve decided that, you can look at different parks in the area, which have plot availability, and what sort of home you can afford on those sites. As with any property, there are several factors that will affect the cost of a park home, including size, specification and location.

If that all sounds a little complicated, Quick Move Properties offer a service called ‘Assisted Move’ that can help you find both your ideal location and your perfect park home. Simply tell them the area you’re interested in and they’ll put together a package that meets your requirements and budget. Quick Move Properties can be contacted on: 01793 840917 or via their website: www.quickmoveproperties.co.uk.

Mr and Mrs Holder, who used Quick Move Properties’ Assisted Move service, said: “The Assisted Move service enabled us to buy our new park home without requiring any cash up-front. One of the challenges of buying a new park home is that they require a large deposit to reserve the pitch or order the park home (if you choose a bespoke one), but all of our money was tied up in our existing property.

“The team at Quick Move Properties were really helpful – they explained that they could help us to secure our park home and sell our existing property. The funds from our property sale were used to pay for the park home and clear our outstanding mortgage, which was exactly what we wanted, and the sale of our property was timed to coincide with when our park home was ready.

“I’d definitely recommend the service to others; Quick Move Properties just dealt with everything. It was so easy and hassle-free.”

Quick Move Properties’ Sales Director, Patrick Chambers, explains: “The aim of Assisted Move is to take the hassle and the up-front cost out of moving to a park home. Because we pay all of the up-front costs, there are no large deposits to pay to secure your new home, and our expert team are on hand to offer advice and guidance every step of the way.”

Once you think you’ve decided on a site, make sure you speak to other people and find out whether the park has a good reputation. Try to speak to current residents – are they happy living on the site? Do they have a good relationship with the park owners?

When it comes to selecting your park home, you can either purchase a home already positioned on-site and ready to move into – providing you’re in a position to move and have the funds available, this can be a very quick process – or you may prefer to have a bespoke home ordered and built to your personal specification, but this will take considerably more time (at least 10-12 weeks).

A new park home will typically cost anything between £70,000 and £400,000, depending on size, specification and location. Pre-owned homes are available from around £50,000 and can be refreshed and updated by a park home maintenance and refurbishment company if required.

Step Four: What upfront and ongoing costs will I need to pay?

Buying a park home is much like buying a traditional property in terms of up-front costs. There will be a deposit to pay to reserve your plot and the balance will be payable upon completion. You will also need to pay a solicitor to handle the purchase and, if buying a pre-owned park home, you should hire a specialist surveyor.

Unlike buying a bricks and mortar property, stamp duty is not payable when buying a park home. This is because stamp duty is a tax on the land being purchased, but when you buy a park home you are not actually buying the land that the home sits on.

There are several ongoing costs that will be payable. As with any home, you will be responsible for paying for gas and electricity, water and council tax. You will also need to pay a ‘pitch fee’ which covers park running costs such as the upkeep of communal areas, road maintenance and the continued provision of services and amenities. Fees may be payable weekly, monthly or annually (to be arranged with the park owner) and will vary from site to site, but you should budget anywhere between £60 and £200 per month.

The park owner can propose changes to your pitch fee once a year, but they must give you 28 days’ written notice.

The other cost to consider is insurance. A park home is very different to a bricks and mortar property in many ways, and therefore a standard bricks and mortar home insurance policy would not be suitable for a park home. Instead, an insurance policy will need to be purchased from a specialist park home insurer. There are a number of companies offering park home insurance so do your research to ensure you’re getting a policy that meets all of your needs.

What else do I need to know?

Does the site owner have the right licence? It’s important to check that the site you’re interested in living on has the right licence. The Site Licence should be displayed on-site so you should easily be able to check that the park owner has the correct residential site licence that allows 12 month of the year occupancy.

What are my responsibilities as a park home resident? As the owner of a park home, you have a responsibility to keep your home well-maintained – this includes keeping the outside of your home and your outside space clean and tidy (this includes any fences or outbuildings that you own or use on your pitch).

What are the park owners’ responsibilities? The park owner has a responsibility to keep common and communal areas in good condition, to make any necessary repairs to the ‘area’ where your home sits, and to maintain any services supplied to your home or pitch (utilities and services).

If I buy the home but not the land, how secure is my home? The answer to this is ‘very’. The Mobile Home Act 2013 made sure park home owners’ rights are heavily protected, as is the land their home sits on. Full details of your rights to the land your home sits on should be outlined in your agreement with the park owner.

What happens if I want to sell my park home? When it comes to re-selling a park home the process is fairly simple and straight forward.

The park owner will be entitled to up to 10% of the price the home achieved when you sell it – this is because a significant consideration in the value of the property is the level of service provided by the park owner.

When it comes to selling there are a few steps you’ll need to take, including:

Giving the new buyer details of the commission payable to the park owner and the annual pitch fees payable
Telling the park owner about the sale
Transferring the pitch agreement to the new owner
Asking the new buyer to fill in a Notice of Assignment Form so they can pay the commission to the park owner
With a shortage of retirement property available, high-quality, well-maintained park homes in desirable locations are in strong demand, so re-selling a park home, although perhaps an unfamiliar process, should not be a deterrent.