Buying a Park home

When buying a park home you are purchasing both the property and the use of the land on which it is sited and as with any home, the resale value of a park home will therefore be dependent both on the state of the property and the location.

The value of the land on which the home is sited will rise in line with regional property values but it is important to note that due to their structure, park homes are designed for a finite period of approximately 50 – 60 years. This factor will affect the resale value and can slightly counteract the rise in land value.

However, land values have historically increased in the UK over the last few decades to the extent that this increase is greater than the depreciation rate of the home. As a result, there are very few park home owners who have lost money when buying a park home.

Furthermore, park home ownership is an increasingly popular way of living, with approximately 250,000 people living in park homes in the UK alone. This demand has also driven up prices.

Comparing very favourably to the cost of a larger family house, investing in a park home provides a secure, safe and peaceful living environment. Indeed, the measure of your investment should take into account the quality of life afforded by park home living