Static caravan purchase ?

[Scaleyback]

Latest post on the HPAG ( Holiday Park Action Group )

" So just had our increase this year,we're now having to pay £840 a month. Absolutley pointless keeping it now. Over £10k site fees.what a joke. "

This is me.
10,080 per annum site fees. Then most people will have monthly loan paybacks of £100's a month + gas + electric + insurance.

Now the caravan owner(s) will probably take a massive 'hit' on the price they paid and will have to pay a minimum of 15% of the sale fee to the park owner.

The 'dream' truly becomes a nightmare. 🤬

 

[Beebo]

Latest post on the HPAG ( Holiday Park Action Group )

" So just had our increase this year,we're now having to pay £840 a month. Absolutley pointless keeping it now. Over £10k site fees.what a joke. "

This is me.
10,080 per annum site fees. Then most people will have monthly loan paybacks of £100's a month + gas + electric + insurance.

Now the caravan owner(s) will probably take a massive 'hit' on the price they paid and will have to pay a minimum of 15% of the sale fee to the park owner.

The 'dream' truly becomes a nightmare. 🤬

That just seems crazy.
Paying £10K pa on an asset which just devalues.
Surely it’s better to buy a second home. At least they don’t lose value over time.

 

[Emanresu]

Paying £10K pa on an asset which just devalues.

This is simply the ground rent for whatever amenities they provide. There will be a separate loan for the purchase, usually at premium rates. Then utilities/insurance bills if not included in the ground rent. Which park was this as it seems a bit toppy?

Most of the larger operator are owned by Private Equity/Banks who specialise in property. There are a few pension funds in there too.

Addition: I stayed in one for 4 months over the summer many years ago while waiting for people in the chain to complete. Great when it's warm but not so good when it's hot. Son did the same (over the winter) a few years ago while waiting for their house to be built. They can be useful when builders never meet their timescales and property chains get stuck. Saves having to take on a 6 month/12 month AST.

 

[fossyant]

We kept the one we had as MIL/FIL bought it and said - OK you can pay for it after a number of years (we only went a few weekends a year), and when we went we looked after them as they weren't able to look after it. We got a good 10 years out of it, but it probably cost us £50k in ground rent etc etc. over that period, and we didn't need to buy the van.

We did use it, but, you know, it feels great this year not having it, or going each weekend. We can do other stuff, go elsewhere, do the gardening at home etc. etc. We are regularly back in the area as my folks and sister have a van, but my wife has a good group of friends there through the 'wild swimming' group. Lovely bunch of folk and we've been camping with them twice. We're off to a cheap campsite in our 'posh' new tent at the end of August for a week.

We will have done about 21 nights camping this year, having gone from none... I prefer it. Apart from the faff of set up and put away, it's so stress free, no caravan maintenance, caravan garden maintenance either. Everyone at works notices how 'stress free' I seem coming back in from camping in a 'tent'.

 

[T4tomo]

Latest post on the HPAG ( Holiday Park Action Group )

" So just had our increase this year,we're now having to pay £840 a month. Absolutley pointless keeping it now. Over £10k site fees.what a joke. "

This is me.
10,080 per annum site fees. Then most people will have monthly loan paybacks of £100's a month + gas + electric + insurance.

Now the caravan owner(s) will probably take a massive 'hit' on the price they paid and will have to pay a minimum of 15% of the sale fee to the park owner.

The 'dream' truly becomes a nightmare. 🤬

I can see why people have touring caravans now, its a hassle to tow, but at least you only pay "site rent" when your using it.

I still think a B&B / hotel is a better option.

 

[fossyant]

I can see why people have touring caravans now, its a hassle to tow, but at least you only pay "site rent" when your using it.

I still think a B&B / hotel is a better option.

That's what we've done - hotel/B&B and camping now.

 

[HLaB]

I remember as a kid my Mum wanted one, and she had her heart set on a log chalet but my Dad always put his foot down and was particularly strong about the chalet his argument was always if you fall out with the land owner you'll have to pay to move it plus the annual fees for perhaps a few weeks of the year (if you are lucky with the weather). The first argument was particularly pertinent when it came to the chalet.

 

[Scaleyback]

I remember as a kid my Mum wanted one, and she had her heart set on a log chalet but my Dad always put his foot down and was particularly strong about the chalet his argument was always if you fall out with the land owner you'll have to pay to move it plus the annual fees for perhaps a few weeks of the year (if you are lucky with the weather). The first argument was particularly pertinent when it came to the chalet.

Perceptive guy your Dad.

 

[gbb]

Van lifeing has boomed tbh.

Yep, we have three maybe four just within a mile or so usually parked down a side street, in a supermarket xarpark there are a couple of them quite frequently.
Usually older vans but still functioning obviously