How Much Does It Cost to Buy a Static Caravan in Yorkshire?
Finally, found a static caravan in Yorkshire you have been planning to buy? After all, buying one often is an exciting prospect and provides lifestyle benefits like more freedom, fun, and quality time with family and friends.
Prior to investing in one, you must be aware of the initial cost and other expenses associated with buying a static caravan for sale UK. Except this, it also requires careful planning before digging into a new lifestyle.
Most individuals want to know more about the charges and how much those charges will be. The truth is that it depends upon the location and what type of static caravan you are keen on investing in, which includes Winterised, Summer caravan, roughcast, Park home, or log cabin.
In addition, if you are considering buying a caravan holiday home with the help of caravan finance, you must include the other costs into your budget like caravan insurance, rates, water and drainage, static site fees, etc. This guide explains the complete breakdown of the different costs associated with buying a static caravan that you require to know before committing to ownership. Check out this think for a list of static caravan site fees 2021
Why Invest in Static Caravan in Yorkshire?
Yorkshire is famous for its beautiful countryside, historic castles, and sweeping coastline and has received recognition of the best European travel destinations by the World Travel Awards. In fact, it is incredible to say that there are around 365,000 static caravan owners, and the number is still rising. Besides, Yorkshire holds some of the lowest holiday homes prices, and many investors are looking to invest due to the low property prices.
The other report from Office for National Statistics (ONS) has stated that Yorkshire and the Humber was the English region with the highest annual house price growth in the year to July. House prices rose by 3.2%.
- Most of the static caravan parks are open all year, enabling you to escape to your holiday home whenever you want and so often as you like. Without worrying about the additional costs, plus no need for prior bookings – you are free to reach and depart at your convenience.
- It’s next to impossible to change anything at your hotel homeroom to make it feel more homely. Owning one allows you to alter the things as per your likes. After all, it’s your place, so you can add your touch by changing the curtains or adding your favourite bed-sheet.
- Static caravans for sale Yorkshire demand a minimum level of maintenance, which means you get enough time to concentrate on your holidays with your loved ones.
- There are no through roads, wardens on all of the sites, and the maintenance teams assuring that everything around the park needs to be in the best condition. These offer the peace of mind that your family is in a safe and well-maintained environment.
Cost Associated with Buying Static Caravan in Yorkshire
· How Much To Buy A Static Caravan
The significant initial expenditure is the caravan itself. Speaking of which, the initial starting prices of buying a caravan for sale in Wales are £ 25000 to £ 100,000 with a life span of 10-20 years, while lodges can slightly stay longer, but it’s vital to define in the site license agreement.
However, the cost of purchasing a caravan relies on various factors, including:
- The buying price and the associated fees
- Part exchange
- Paying in full or placing a deposit and using finance
- Investing in the most expensive caravans like log cabins and caravan lodges (the cost would be higher)
- If you prefer the most premium locations, including fancy parks that offer luxurious stays and facilities.
· Static Caravan Cost To Run
Transportation and installation costs are additional expenses that further cover building or improving a foundation on which the caravan sits, levelling the caravan, connecting it to electricity, gas, water and sewerage and commissioning the appliances.
Following are the breakdown of the running cost you need to consider:
- Site fees are the rent of the holiday park that you need to pay for using their services and pitch; this goes around Cheapest: £1,000 per year, Average: £5,000 per year, Luxury: £12,000 per year. Besides, such fees are payable before the start of each season, and some parks offer a small discount for quick payment.
Fees cover items such as:
- Park maintenance
- Usage of park facilities
· Local Council Rates
These are considered small contributions to the park’s total bill for council provisions, including water supply, bin collection, and sewage systems. The amount varies between parks, but it usually goes between £200 – £600.
This is the amount you need to pay to power your caravan’s heating system. Where gas or electricity is metered, parks may charge an administration fees for reading and billing utilities. On the other hand, most of the parks use metered electricity estimated at around £500 per year while the other uses bottled gas which costs approximately £75 for delivery and fitting.
Caravan Insurance Cost
Static caravans for sale north east are insured with various insurance plans from multiple providers. The right one for you relies on numerous factors, so it can be difficult to offer a general estimate. Having said that, the following are the tips that will help you minimise the overall cost of insurance.
- Are you going to use your holiday home exclusively? If that’s the case, you can go for a standard policy. However, if you wish to hire out your static caravan, explore different options as you require higher protection.
- Ensure to define the value of your static caravan prior to committing for the suited insurance package. This will help inform your choice between policies that go by either market value or ‘new for old’ value.
Many parks will happily show you the static caravan for sale in Yorkshire; this way, you will realise just what you get for your money. The other way is to find dedicated online platform like Parklink to explore the range of static caravans for sale.
Besides, many individuals decide to offer their holiday homes to their loved ones in gifts. Few parks allow it, whereas others hinder it. Moreover, ensure to comprehend all the vital information before buying. Or, if you are planning to use your caravan for rental income, there will be some tax implications. It would be recommended to talk to your accountant beforehand.