Park Home living.

[BradfordMum]

My dh and I are seriously considering buying a Park home and moving up into the Yorkshire Dales.
This would mean I could retire - dh would carry on working from home.
Does anyone live in a park home?
Do you have any regrets?
Is there anything to really consider before making the move?
We are both 53.
Many thanks.

Someone I know did this and was unhappy when the site fees rose hugely in just their second year there. So that might be something to look into.

Watching with interest as we are thinking the same thing.

We are looking at Skegness/Mablethorpe or Paignton areas (apparently Skegness has the highest number of people retiring there)

Doing the numbers it would cut our outgoings by 2/3

Don't know the ins and outs, but we looked at it for my dad.
As the other post said, ground rents, fees, water, electric etc, get out clauses if you want to sell, do you give any cut to the land owner, as most are leasehold as you don't own the ground.
The price of some of them were crazy!! £150k plus.
Dad would have still needed a mortgage.
He ended buying out right, a flat in an over 60,s block, and it's lovely, for £62k.
He does have fees etc to pay, but in his contract they won't rise for donkeys years.

There are various magazines for park home living, and sites. Might be worth going on a forum and actually asking someone who lives on a site what costs they have month to month.

I had a relative lived in a park home. Oil fired central heating, double glazed. Cooker ran off calor gas. Liked the area, liked the neighbours.
Generally the council tax is in the lowest bracket.
Check out what the ground rent fees are.
Check if you are tied to the park for electricty or if you have to buy gas bottles through them.
Check what pets you are allowed.
Some parks are general residential parks, others are for over 50s.
Check out what public transport is like in the area, would you be stuck if your car was off the road? How easy is it to go shopping or get to hospital appointments.
The park owners usually get a percentage when you sell but as its like selling a car there is no stamp duty to be paid.
Park homes are not usually suitable for mortgages, some people buy them by taking out personal loans.