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Park homes

We are currently looking for a smaller home. One option is a 'Park home' (residential caravan type property) However, friends and family have advised that these do not hold their price (unlike traditional brick/stone construction) nad many site require you to replace every so many years. Have you any comments?
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Comments

  • Your friends are correct in what they say, these properties depreciate in price in pretty much the same way as cars do.

    Also many sites will not allow you to have an 'old' (aka- five years old) home and you have to buy a new one. However some do not insist on this so it is worth a look round.
    (AKA HRH_MUngo)
    Member #10 of £2 savers club
    Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton
  • ukmike
    ukmike Posts: 752 Forumite
    Part of the Furniture 500 Posts
    Don't even think about it.You have no control whatever on who the site is sold on to.The new owners could(and do)do anything they like to make life miserable for you & make you take any offer to get off.
  • david29dpo
    david29dpo Posts: 3,967 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    how true. DO NOT do it!!
  • you would have to pay a site rent which would keep rising
    you would have little private "grounds"/privacy
    They are not soundproof
    The site owners have too much power
    your capital investment depreciates - fast
    On a plus side they are cheap - but you only get what you pay for!!
    :A Goddess :A
  • ldv400
    ldv400 Posts: 46 Forumite
    Well thanks for the info ---park home living
    I intend to sell my house and do this, that,s what good about ( Martin,s ) we have so many experts to help us??????????
  • mystic_trev
    mystic_trev Posts: 5,434 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Park homes tend to follow the same trend as the traditional 'bricks and mortar' prices.

    Well it is Friday, so I guess you've been having a few drinks? Perhaps celebrating selling some "mug" one of your Garden sheds!I think the OP ought to take "balanced advice" not from someone who's in a trade that makes being an Estate Agent look good !!!!!!!!!!!
  • We had a Park Home (admittedly years ago) and it depriciated like crazy!
    (AKA HRH_MUngo)
    Member #10 of £2 savers club
    Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton
  • ukmike
    ukmike Posts: 752 Forumite
    Part of the Furniture 500 Posts
    UK Mike
    Under UK Contract Law, if the Park was sold, the new owner is obliged to honour all existing contracts and so your comment does not apply.
    Tell that to a friend who's residential site(not holiday) was taken over by the local G&T community,moving in a few of their undisirables to cause havoc.Had to sell in the end for peanuts,even though the local councilors,MP,etc all said what he was doing was illegal.
  • rach29
    rach29 Posts: 2,503 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    [QUOTE=

    So Moko, why don't you find out the answers to your questions from the experts.

    https://www.parkhomeliving.co.uk is the largest park home website in the UK and if you just give us a couple of days, we will be going live with a much updated version, which offers you a lot more information. We will also reply to all emails made through Park Home Living individually.[/QUOTE]

    Please take yourself to the referrers board if you want to promote your website this is NOT the place
    Thanks to all who post comps :A :T
  • symikins
    symikins Posts: 448 Forumite
    Part of the Furniture Combo Breaker
    hi
    ive lived in a park home for the last 16 yrs, i would never go back to bricks + mortar , most legal sites are protected by government they cannot suddenly be changed from a residential park to whatever the owner pleases . you need to do your homework there are some rogue owners out there , im currently looking to relocate to cornwall from kent and trust me im doing my homework !! im checking out all the owners of all the park homes
    there , thro the local council just in case there,s any dodge ones with a reputation !!

    having said that you need to go to the park your interested in and speak to the home owners there , thats the best judge of the park . and also post messages on a web site like this thats why im here now !!!
    dont be scared off by people who have never lived on a park home site we can all relate to scare stories just like buying a house/flat ect , you have to do your homework i love it and no im not an oldie im 52 and moved here when i was 36 all three of my sisters live on this park, there are people that have lived here for 40 yrs its a lovely safe enviroment dont dismiss it ....JUST DO YOUR HOMEWORK
    :EasterBun GRAB EVERY OPPERTUNITY YOU GET ..YOU DONT KNOW HOW LONG YOUR HERE FOR
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