The pros of park home living
Over 250,000 residents live in park homes across the UK, and there’s a whole host of reasons why so many people have made this choice.
Park homes are single-storey and accessible
Mobility and health can become a concern as we grow older, so finding a home that will suit your changing needs is a top priority when choosing a retirement property. Park homes are always single-storey structures, which means there’s no need to worry about stairs becoming a challenge in the future. Ramps designed for easy access can be a useful addition to ease access should you need it for Wheel chairs and other apparatus. Plus, lots of new park homes can be custom built(bespoke) to suit your requirements, so you can future proof your home for complete peace of mind. So, if you would like specific features, like an accessible shower or washroom, you’ll be able to tailor your new home as you wish.
They’re located in secure, social communities
If feeling safe and secure in your home is a top priority for you, then a park home estate can offer exactly that. Park homes are set on secure, gated estates There’s also a neighbourly sense of community on park home estates: everyone knows everyone, and people look out for each other.
This community mindset is also great for retirees who love to socialise. Most park home estates have a minimum age requirement of 45 unlike our competitors, although most are semi retired, so you’ll be surrounded by other residents who are just like you. There’s often lots of community activities and social events to get involved with, too. Learn more about what it's like to live in a park home.
Park homes are the ideal size for retirement
As we approach retirement, many of us will begin to think about downsizing to a smaller, more manageable home. If maintaining and cleaning your family home is becoming a burden, and you no longer need as much space as you once did, then swapping your home for a park home could be the solution. Especially given our Market Leading Part Exchange service which can save £000's and time, even serving as a way to release equity.
Park homes are smaller than conventional houses. This way, you’ll remain independent, but it will be much easier to stay on top of cleaning and maintenance.
They can be relatively cheap to run
One of the most appealing aspects of moving to a park home is the low cost of living. If one of your reasons for downsizing is to reduce your monthly outgoings, then you’ll be pleased to hear that park home running costs are usually lower than for a traditional residential property.
Owing to their affordable purchase prices, park homes are almost always in the cheapest A-rated council tax band. Utilities are typically cheaper, too. Modern park homes are built in accordance with BS 3632:2015, which states that they should be "insulated to a standard that will mean they are comfortable for use all year round". This means that newer park homes are often energy efficient, and so shouldn’t cost too much to heat.
Utilities such as gas and electric are bought directly from the site owner, but legally they’re only allowed to charge the market rate for these, which is set according to the Office of the Gas and Electricity Market. Your water supply is also managed by the site owner, but they can only charge the going market rate, plus a small admin fee to cover any extra costs incurred.
Freedom to move your home
Park homes are technically mobile homes, which means you have the option to move them to another site if you decide you want to move location. The site owner may specify a fixed period during which you must keep your park home on site in your written agreement, but once this is up, you’ll have the freedom to move your park home wherever you like.
So, if you want to relocate for any reason in the future — to be closer to family, for instance — then you can take your home with you. There are over 2,000 sites in the UK, hundreds of which are registered with GoldShield, so you’ll have a huge range of choice when it comes to finding a location you like.
Park homes are affordably priced
Park homes are generally significantly cheaper than traditional homes or bungalows of an equivalent size, with prices starting from around £40,000 for a second-hand park home, and newer models starting at around £70,000. This means they’re a very good choice if you want to free up equity in your current home, leaving you with more money to spend enjoying your retirement.
Their affordability also makes them a great option if you’ve got your heart set on a beautiful location where a traditional property would otherwise be out of budget — like the Cotswolds or the Lake District, for instance. And, despite their relatively affordable price, new-build park homes are often very luxurious, with all the mod-cons you’d expect in a high-end property. You’ll work with the developer to design a home that suits your tastes, allowing you to choose everything from the carpets to the furnishings. So, unlike a conventional home, there’s no need to spend extra money on redecorating after you move in. Learn more about buying a park home.
If you buy a park home in a site that’s registered under a GoldShield warranty scheme, then you’ll also be covered financially should any inherent defects cause problems after you move in. You can find out more about the scheme — including what the schemes covers — take a look at guide to understanding your GoldShield warranty.
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