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Post by firefox on Jun 4, 2014 8:01:16 GMT
How does owning a static compare to renting in the private and public sectors. Has anyone done a price comparison say over 20 years taking into account purchase costs and residual value. Net present value calculation. Does it depend a lot on the park and fees?
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Post by daveuk on Jun 7, 2014 19:50:52 GMT
The first things that come to mind are Firstly you will have to come out of the caravan for 6 weeks or more depending on the caravan park unless you can find a park open all year. Then you will get council tax. There is the matter of a caravan remember they are holiday homes so for you to live in it for around twenty years it wont last that long. It will be cheaper once the caravan is paid for. Being in the I industry I've seen a lot of people move into them to live but have sold up as I think its the shut down and moving off park. Plus cost of heating in winter and now and then if winter is a bad one they might freeze up which means no water.
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Post by Admin on Jun 10, 2014 12:46:31 GMT
Firstly we have to differentiate between Holiday Parks and Residential Parks, More and more Holiday parks are opening 12 months a year,but that doesnt mean you can live there for 12 months.
Someone will correct me if I am wrong Holiday accomodation doesn't attract council tax,because a holiday home is seen as secondary accomodation, where of course residential is primary residence. Lots of Holiday sites try to ensure they dont allow full time living ,like a landlord of a pub they have a licence to protect.
There is no reason on a residential site, people cant live all year round, with Double Glazing, central Heating systems and other improvements there is no need to be uncomfortable.
The main disadvantage with a static, is invariably they depreciate, where traditional bricks and mortar appreciate ( ok there are glitches but overall they appreciate)
I think the reason a lot choose to live residential is that for moderate outlay they can perhaps live with more amenities than they could in bricks.
Be interesting to see if anyone has done the maths
Andy
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