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They will need very little maintenance and should be covered by a warranty for the first ten years or so. Residential park homes are small and built on one level so may be suited to people who want a home that's easier to manage. Buying a residential park home can be a more affordable way of living in an area you like.
Factors like your lifestyle, health, age, and financial circumstances will all play a part in your decision. Residential parks are open all year round and you can live there permanently in apurpose built park home.They do not usually allow static caravans to be lived in. The main reason for the difference is due to the licensing of the premises that we’ve already mentioned and the different regulations in force. Residents are protected with security of tenure by the Mobile Homes Act if the park is registered with a residential licence.
What is the difference between a park model and a tiny home?
For thousands of people, security, peace of mind and a delightful living environment are just some of the benefits of park home living. Park Home Living, the ultimate online guide to living in a residential park home. Should you decide tosell your park homein the future, you’ll need to pay commission to the site owner. This is charged at 10% of the overall sale price, and when the sale is completed, the buyer will keep back the commission and pass it on to the site owner. Park homes are smaller than the average family home, but it still takes a fair amount of maintenance to keep them in good condition.
New park homes have an estimated life span of 70–80 years, although they can last longer if they’re properly maintained. If you are buying privately from a homeowner, the law also requires them to provide you with a copy of the Written Statement 28 days before you commit to your purchase – though again you can agree to shorten this period. Purchase costs usually compare very favourably, and of course vary according to the home chosen, and the market where it is situated – in other words, precisely the same factors, which influence the price of a conventional house. When looking at possible locations for your park home, take the time to do some research and always visit any parks that you’re interested in. If possible, it’s a good idea to speak to the residents, as they will be able to provide valuable, first-hand information on the park and surrounding areas.
A whole new life in retirement
When you're buying a pre-owned park home, the site owner shouldn't be involved — you should be dealing with the person who currently owns the home in question. It's vital that you also ensure both you and the seller have taken a look at the Mobile Homes Act 2013, which outlines what needs to be done, and what kind of protection you'll have as the owner of a park home. They have 7 days to tell the site owner, using the Notice of assignment form, and showing evidence of payment.
You won't have to deal with estate agents, viewers traipsing through your home, the negotiations haggling around prices, and the endless process with solicitors. There is much to consider when thinking about moving to a park home, but if it suits your finances and your lifestyle, then it can be a great move. Perhaps you will want to be close to family and friends, or within easy reach of trains or major road links to get to them. You may want a park home with a garden, or a park with a lively social programme. With over 1700 parks to choose from, you can afford to be choosy and you should be able to get all of your need list and a lot of your wants, and probably some of your would like list too.
Can You Live In A Park Home Permanently?
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. The additional support comes on top of the £2,500 Energy Price Guarantee, announced under Liz Truss's government, which caps the price that a household pays for electricity at 34p per unit and 10.3p for a unit of gas. The Energy Prices Act legislation passed earlier in the year ensures those benefits are passed on to consumers who do not pay their energy bills directly to an energy supplier. The vast majority of households eligible for the Alternative Fuel Payment scheme in Great Britain will receive payment automatically via their electricity supplier with no need to take any action. Energy policy in Northern Ireland is the responsibility of the Northern Ireland Executive and Assembly.
Some parks are technically holiday parks, and you will only have access to your home ten or eleven months a year, while other parks may be mixed use. This is going to be your new home, so make sure your park will allow you to live their all year round. You should also be clear on ground rent and other fees, as well as the park policy on annual increases. The standard contract is set out in the Mobile Homes Act 2013, along with guidance on fees, site rules, management and disputes, and there is a helpful government fact sheet full of advice on buying a mobile home.
What’s a ‘Written Statement’ and why does it matter?
It's also vital that you're aware there's no standard finance option for park homes. This means that you need to do plenty of research to find the best option for you. According to Park Homes, you'll usually be able to borrow a maximum of 80% of the cost of your chosen home, and loan periods may be available for up to 25 years. As with any other home, you will also have to pay for the gas, water, and electricity you use. In line with the Office of the Gas and Electricity Market's standards, park owners aren't allowed to charge you any more than they've paid for your energy. Similarly, with water, they can only charge you what they paid for it as well as a reasonable administration fee.
But, as site owners can only charge you the market rate for gas and electricity, in accordance with thestandards set by OFGEN, you needn't worry about these being excessively expensive. Your water supply will also be charged at the market rate, plus a small admin fee. It is a way of living that particularly appeals to retired people, who are attracted by tranquil settings, the sense of security and the absence of noisy children running around. Many sites have waiting lists, some so long that they have stopped taking further names.
You can find out more about what mobile home life is like by reading our guides topark home living, as well aswhat a park home is and who can buy one. It’s important to understand the legal and financial implications of buying a park home. Although you'll own the park home itself, you'll pay rent to the site owner for your pitch (known as a ‘pitch fee’). You’ll also be liable for council tax, and there may be resale fees if you decide to sell your park home in the future. A park home usually has up to three bedrooms, an ensuite, a sitting room, dining area, fully fitted integrated kitchen and bathrooms. Patio doors and decking increase the light and space Park homes are connected to mains services such as water, electricity, gas, telephone and waste and offer all the conveniences of modern living.
In the past, site owners have had a say in who you can sell or give your home to, and some have made it difficult for residents to sell their home for its real value. If you want to sell or gift your home, we strongly recommend that you get help from an independent professional adviser, such as a solicitor. If not, our information guide can help you think about options to help you live...
If the tribunal grants the refusal order, your sale cannot go ahead to this buyer, and you must start again. Once you have found a buyer, you should fill in the Buyer’s information form. If you have questions, or want more information, you can contact the Leasehold Advisory Service – LEASE. Find out what help is available and the role and responsibilities of your local authority. Like any move, though, you should consider all your options carefully before making any decisions. We are a blog dedicated to giving you the best information you need about topics such as finance, health, entertainment and life in general.
Therefore there is a charge – usually called a pitch fee – to be paid for the use of the land and services provided. The law gives homeowners security of tenure – that is probably its single most important safeguard – and rights to sell their home on the park. There are also important rules about inheritance and controls on the way the pitch fee is reviewed. 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.
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