Selling a park home

Albermarle

Static caravans often depreciate at 15% a year so what is your understanding of the depreciation per year.

I think more permanent park homes are built to a better standard than static caravans, and are designed to last longer and be habitable all year round due to better insulation etc.
The manufacturers claim a lifespan of over 50 years with proper maintenance.
Presumably they still depreciate rather than appreciate, but not as quick as a caravan. 

TroubledTarts

Albermarle said:

Static caravans often depreciate at 15% a year so what is your understanding of the depreciation per year.

I think more permanent park homes are built to a better standard than static caravans, and are designed to last longer and be habitable all year round due to better insulation etc.
The manufacturers claim a lifespan of over 50 years with proper maintenance.
Presumably they still depreciate rather than appreciate, but not as quick as a caravan. 

That's what I term a static caravan a park home caravan and no they don't, they drop like a stone and keep on going.

They may well have a lifespan of 50 years but many parks like shiny and new to keep sales up, hence why many have a 15 year old policy then out which affects the second hand market dramatically.

Have you ever have a static caravan in a park resort as in the family we currently have two and ownership in the family for 30 years of 6.

I can talk for actual experience on prices and what they lose.

Albermarle

If you are the expert that's fine.
I was just thinking something like the picture below, would last longer/depreciate more slowly than the usual holiday home type static caravan.

lincroft1710

TroubledTarts said:

Albermarle said:

Static caravans often depreciate at 15% a year so what is your understanding of the depreciation per year.

I think more permanent park homes are built to a better standard than static caravans, and are designed to last longer and be habitable all year round due to better insulation etc.
The manufacturers claim a lifespan of over 50 years with proper maintenance.
Presumably they still depreciate rather than appreciate, but not as quick as a caravan. 

That's what I term a static caravan a park home caravan and no they don't, they drop like a stone and keep on going.

They may well have a lifespan of 50 years but many parks like shiny and new to keep sales up, hence why many have a 15 year old policy then out which affects the second hand market dramatically.

Have you ever have a static caravan in a park resort as in the family we currently have two and ownership in the family for 30 years of 6.

I can talk for actual experience on prices and what they lose.

You're still confusing park homes with static holiday caravans! 


A park home is built for all round occupation as a permanent home. They can remain on the park for a much longer period than a SHC. They do not depreciate at such an alarming rate as a SHC. If you Google Streetview Mixnams Lane Chertsey, there is a huge park home site with many of the homes being refurbished 1960s/70s single unit mobile homes (as they were known at that time).


https://www.zoopla.co.uk/for-sale/details/68869089/

this link will show you homes for sale on this site, starting at £70K for a near 35 yr old and there is a 1970s built home for £115K


Ownership of a static? Too long ago to be of relevance but my grandfather built one about 75 years ago and with my parents had holidays in it until 1960 when the site owners decreed only proprietary caravans would be accepted. But definitely no one lived permanently in any of the caravans (except perhaps the warden in his Berkeley Consul)  

TroubledTarts

Ah, commonly those larger and more house like are called "lodges"

As the OP mentioned a park home rather than a lodge I presumed something more modest.

Perhaps the OP can clarify

If we are talking about lodges then a lodge costing £100k including some extras and delivery back in 2007/2008 would today be worth circa £20-£25k unless situated in a very expensive to live in area with guaranteed ground rent and no exclusions.

lincroft1710

TroubledTarts said:

Ah, commonly those larger and more house like are called "lodges"

As the OP mentioned a park home rather than a lodge I presumed something more modest.

Perhaps the OP can clarify

No, there were (and still are) twin unit bungalow style park homes years before "lodges", which can be either park or holiday homes, depending on design.

sheramber

dubaidave said:

Hi everyone, my father has just got into a residential care home and he was living in a park home. Luckily, it’s under my name and has been for nearly 10 years so I can sell it. However, the owner of the Park has said before he would let us sell it on the open market we have to fix the fence which I think is fair enough and remove the shed. Now the shed was there when my father bought the Park home 17 years ago. And it’s still in decent nick. The question is can he stop us selling the park home if we do not remove the shed? It was one of the selling points when my father originally bought it.

Thanks in advance

Is there a lease or  Conditions /Agreement on buying/selling the Park Home that would be signed when it was bought.?

If the shed was there when the home was bought and that was 17 years ago,I s the shed still in good condition?

newsgroupmonkey_

TroubledTarts said:

Ah, commonly those larger and more house like are called "lodges"

As the OP mentioned a park home rather than a lodge I presumed something more modest.

Perhaps the OP can clarify

If we are talking about lodges then a lodge costing £100k including some extras and delivery back in 2007/2008 would today be worth circa £20-£25k unless situated in a very expensive to live in area with guaranteed ground rent and no exclusions.

You're still confusing park homes with holiday parks.

They're two COMPLETELY different things.

whizzywoo

It all boils down to whether or not the park has official residential status or not.  ie you can live there permanently, pay your own council tax and have your own official postal address.

Many sites have a 12 month licence but this is NOT a residential licence, you cannot live there legally all the time, you do not pay council tax and cannot use the site as your address.  The site owners will want to know where your official is.