buying a caravan on a holiday park

Graham_Devon

Anddos wrote: »

i guess your right but i dont like the idea of paying each week and not getting nothing back in the long run etc..

Well you are...you are getting a roof. One which no one can throw you out of easily, and at cheap rent.

If you are unable to afford to buy your own accomodation, you are in the best position you can possibly be right now.

picklepick

You'll get nothing back in the long run for paying every week for a caravan! They depreciate at a very steep rate.

McKneff

Oh dear, what do you think you would get back for a 10 year old caravan that was falling to bits, you had to pay to get it removed and have no where to put it or have to pay someone to store it for you. You'd be well out of pocket.

Stay where you are, the grass isnt always greener, it this case its a deep burnt brown.........

BitterAndTwisted

Anddos wrote: »

I guess you're right but I don't like the idea of paying each week and not getting nothing back in the long run etc..

But you are getting something back in the long-run. A secure roof over your head at an affordable rent FOR LIFE as long as you continue to pay it. Plus all repairs and future improvements at absolutely no cost to yourself. You are in a most enviable situation. One that many would swap with you if they only could

carefullycautious

Anddos wrote: »

i guess your right but i dont like the idea of paying each week and not getting nothing back in the long run etc..

well the right to buy has recently come back in why dont you buy it?

thegirlintheattic

Can you not start saving to by a house?

You'd be better looking at those semi-permanent mobile homes that old people like to live in, on a residential park rather than a holiday park. As others have said here you can only live in it 10 months out of 12, and most parks place restrictions on the age of the caravan. Site fees can be incredibly high if they are not offset by renting the caravan out to others.

Anddos

i have been living here 27 years, but the house is in my mums name, i believe she was offered to buy it for 11,000 about 5 years ago, i guess its worth a try buying it...

BitterAndTwisted

In which case your Mum will have to be the one buying it if you are not registered as her co-tenant.

Bigmoney2

Anddos wrote: »

i guess your right but i dont like the idea of paying each week and not getting nothing back in the long run etc..

If you buy a holiday caravan on a static park you will also be paying site fees each month/year. these can be quite high, possibly equal to or more than the rent you are paying.

In addition heating costs can be high as propane cylinders work out exensive and caravans aren't as well insulated as a house so are hard to heat when its cold.

I don't think you would be able to use a holiday caravan as a postal address either so this will be further problem.

Notmyrealname

Anddos wrote: »

i am thinking about buying a caravan on a holiday park near me cleary for the reason i am renting a house from the council and i seem to be just paying money each week and getting no where, can you have the caravan on the park forever just as long as you pay the site fee's etc?,

You can have the caravan on the park until it reaches the age limit imposed by the park however you cannot live in it 52 weeks a year due to council regulations.