pitfalls of buying a holiday lodge

To be honest, it’s different things for different people. The National Association of Caravan Owners (NACO) is set up to further the aims of static holiday caravan owners across the UK. To be honest, it’s different things for different people. You’ll need to do your location research before your buy, to check what’s expected of you. If you have a holiday home that sleeps more than four people, you may need more than one parking space. This can be a useful income for the lodge owner; recent data from Hoseasons shows owners could achieve weekly rents of circa £700, depending on the location of the lodge and the time of year. Yes, I have. It’s part and parcel of owning a holiday let. A. Is buying a holiday home to rent out ever without its difficulties? A holiday lodge investment is easier than buying a residential home If you already own a house, you know how painfully long and stressful the buying process can be. You’ll need to keep an even tighter control on your holiday rental bills because you don’t want anything getting switched off while you have guests staying. Selling Your Holiday Caravan or Lodge to Your Park Owner This is by far the easiest way to sell your caravan or lodge. READ MORE, Prestige Rochester Become a Luxury Lodge Holiday Home Owner by buying our newly delivered Willerby Heathfield Lodge 2021, 40x20, 2 bedroom. There is an another potential pitfall for the buyer. A. They stay in the shower for an hour, leave the air con on all day (even when they’re not there) and fill the fridge up to bursting. Owning a holiday caravan or lodge can be expensive. Where can I park my car and how many spaces do I get? Photograph: Alamy. Here are our FAQs. Let’s be realistic: price is an important thing to consider when buying a lodge home, so make sure you pick something that meets your budget as well as your needs. Indeed all your peak season weeks, whatever the season, should always be left free for bookings as this is when you can charge the most. This file may not be suitable for users of assistive technology. Holiday home insurance is vitally important to ensure that you are covered, not just for breakages, but also for any serious issues you have with unruly guests, and also for any accidents that may occur when they are staying in your home. Kevin says: “There are some fantastic deals to be had on the private market for static caravans, but equally, some offers can turn out to be not quite what they initially seem. There are many advantages to buying a holiday home, either static caravan or holiday lodge. Advice on Buying a Park Home Can I live on a holiday park? Holiday rental owners get used to constant repairs, sofa cleans and buying in new kitchenware. They are relatively low maintenance and many parks let you sub-let your holiday home … 01760 358952 Contact agent. The benefits doesn’t just stop at the social aspects though, as there could also be financial benefits. Then of course there are marketing and management costs to take into consideration, both of which can take hefty chunk of your rental income. So, there’s the mortgage, the maintenance bills, the cleaning costs, the marketing and management fees. There will always be fundamental things that are important to you and it’s a good idea to consider these in advance. And of course when you do finally get to visit your beloved holiday home, you’ll spend the first week fixing, repairing and buying yet more linen and towels. If so, where was it? Step One – A lifestyle choice. In the beginning you’ll be using advertising portals, such as HomeAway or Holiday Lettings to promote your holiday home. A: Look for a park with quality graded symbols (stars). A. When buying a holiday home and rent it out, you must declare the income in your tax return. 1811609, Why a holiday rental property is a good investment, 2011 new build UK second homes report – key points. Lodges first came on the scene for me in 2000 when we purchased Cliff House Holiday Park in Dunwich, Suffolk. Expect to pay anything between 10-20% of your income. Spacious, sumptuous, stunning - our beautifully furnished holiday lodges in Scotland provide a luxurious holiday retreat and can be yours to own! No matter how comfortable it may be, your holiday lodge or caravan cannot be used as your only or main home. Find out more: buy-to-let stamp duty . This blog is a step-by-step guide to buying your perfect caravan holiday home or lodge, and accompanies our free buyer’s guide brochure, which can be obtained free of charge by popping into our Shrewsbury showroom, emailing info@salopleisure.co.uk or calling 01743 282400. Finding a park. 07711 200 631 or 01492 583 708. Easy access on to coastal paths leading... 01760 358952 . Standards vary, including within the same country. People do break things and some even steal things! Registered in England No. A good place to start is to find out what the current value of your holiday home is, you can obtain this by contacting one of the NACO team as we have access to … For your property to be considered a holiday let for tax purposes, you’ll have to meet some stipulations. Holiday rental owners get used to constant repairs, sofa cleans and buying in new kitchenware. 2 bedroom lodge for sale - Sea End Caravan Park, Essex. Buying a British-made lodge in Britain is good for our economy and you know where you are with Britain! Guests DO leave the aircon all day, with the doors open or even when out. Especially when you can buy 3 and 4 bed houses that aren't restricted to "holiday use" only in the same price bracket nearby. From an insurance perspective, we don’t mind if you opt to live on a holiday park, or a residential park. Marketed by Harvey Longsons. What is the best thing about someone buying a lodge in your opinion? Buying a holiday caravan or lodge is a generally a large financial investment, make sure that you are adequately prepared and ask all the right questions. If you need advice or guidance give us a call today to see how we can help - 01255 820 321. As a guide, insuring a 10-foot-wide 'starter' holiday home will cost somewhere between £150 - £200 per year. Our new development of 75 lodges at The Hollies, Kessingland, Suffolk should sell about 10 lodges a year from 2013. The most expensive lodges are those with secluded forest location or great sea views. I stayed in a lodge at Cliff House on and off for about 4 years and have taken my family to a lodge at Beeston Regis numerous times on holiday. Please share them below. If you’re interested to know what buying a static caravan pros and cons are, you’ve come to the right place. Rules around holiday lets. When deciding whether to buy a holiday lodge, there are questions you need answering first. Recently added. Request an accessible format. For further information visit www.gov.uk. Despite the advice here we always use ours even during peak weeks (after all – we would have to pay to go somewhere else wouldn’t we!). A common static caravan buying pitfall is to misunderstand the full costs associated with caravan ownership. Obvs there are tax implications which may well be different for a holiday caravan, I've no idea. Some expect all properties to have wheelchair access, others just air con. A. Great! Once you get to know the locality, and importantly, the locals. REQUEST A CALL BACK. ... "Before buying a holiday home, ask yourself if you could afford a 50pc collapse in the property value," said Stafford. The National Association of Caravan Owners (NACO) is set up to further the aims of static holiday caravan owners across the UK. Buying A Holiday Lodge – key questions 8th February 2018. We sell about 6 a year at Yaxham Waters in Norfolk, 2 or 3 at Beeston Regis in Sheringham, Norfolk, approx. Overall though, despite all this it can still remain your holiday home, somewhere that you still enjoy for yourself. If you have weighed everything up and have decided the pros actually outweigh the cons read our tips on buying a holiday home. Sheila Masefield knew there was … Timothy Hay, owner of New Hall Lodge Park and Managing Director of the Beeston Group, owns eight holiday parks in East Anglia. However, many lodge owners rent out their lodge when they’re not using it. We in Britain often forget that our country has fabulous coasts and countryside. The reality is of course somewhere between what is described in this article and in the related article ‘Why a holiday rental property is a good investment’ https://www.schofields.ltd.uk/blog/4080/holiday-home-investment/. A good place to start is to find out what the current value of your holiday home is, you can obtain this by contacting one of the NACO team as we have access to … Ask them for all the procedures they went through, the pitfalls and the problems they found on their way. Beeston This will inflate as the value of the caravan does the same, recent quotes we have done for a 20-foot-wide lodge unit have come to around £600. The basic rules of supply and demand also mean that hopefully you will have a ready market of people wanting to rent your lodge. Sign up to get all the latest news, holiday home marketing tips & more, Schofields Ltd, Trinity House, 7 Institute Street, Bolton, BL1 1PZ, United Kingdom, T: +44 (0) 1204 36 50 80 - Available weekdays 9am - 5pm GMT, Schofields Ltd is Authorised and Regulated by The Financial Conduct Authority - FCA registered number 118669. Therefore such occupiers do not have the same rights or recourse to the law as those on permanent residential sites. Holiday homes are not protected by park homes legislation such as The Caravan Sites Act 1968, The Mobile Homes Act 1983 and The Mobile Homes Act 2013. Sun 27 Apr 2003 07.05 EDT. But there is always a risk that guests could go above and beyond all expectations and leave you wishing you had never had the bright idea of renting your home out in the first place. But in most tourist regions you must register your property. If you’re in it to make money, then be prepared to work hard and be in it for the long-term, especially if you have a mortgage on the property. Holiday rental owners spend an average of nine hours per week marketing and managing their properties. A. Lodge park owners have a duty of care to the customer. Morgan Wolfe, Park and Holiday Homes Solicitor at industry experts IBB Solicitors has helped with these tips for a smooth, stress-free buying experience. Let’s be realistic: price is an important thing to consider when buying a lodge home, so make sure you pick something that meets your budget as well as your needs. Thanks for sharing your experience as a holiday home owner.Your last sentence sums it up perfectly: “So go ahead, but do so with your eyes open”. Can’t resist the idea of owning that holiday home you’ve always dreamed of? So go ahead, but do so with your eyes open. Buying a park home: factsheet. Buying a park home can open a door to a whole new way of life. It’s part and parcel of owning a holiday let. Buying a timeshare in a foreign country presents special challenges. During the good times, all holiday properties perform well, but in the not so good times, secondary locations may suffer from low occupancy rates. There seems to be plenty for sale but we were wondering if anybody on this site has been through the procedure of purchasing one already and can point out the pitfalls. The growth in the number of parks in the UK offering lodges in addition to static caravans is a good example of its demand in the last few years. Here he explains the best and the worst things about buying or selling a lodge and his opinion of the lodge market. 16 Apr, 2019. And of course the joy they have celebrating holiday on Corfu in their own house or apartment. On my parks, my reputation is very, very important. December 3, 2018 Daniel Clarke Buyers guide Choosing the right holiday home , Comparing , Pitfalls of buying a static caravan , pros and cons , Should I buy a static caravan , static caravan , Static caravan site fees , tips Here we offer you expert guidance on buying a holiday lodge, including the key questions to ask. Lots of factors influence its final cost, such as size, number of rooms, condition, location and amenities. A necessary evil I’m afraid, if you want to have peace of mind that everything is running smoothly while your tenants are (hopefully) enjoying their holiday. The cost of a holiday lodge will depend on the size, number of bedrooms and the specification, just like if you were buying a house. Like any income you earn, you have to pay tax on your holiday let income, so you’ll need to factor this into your rental rates and make sure you put it aside for the day the taxman comes a-knocking. This type of holiday home also provide an escape from the everyday stresses that life brings. Holiday Lodge Finance. If you are looking at buying a holiday home, either to let out for part of the year or as a permanent rental, let’s take a look at the pros and cons of investing in holiday properties… 1. Contact. Holiday parks will have different rules depending on the variety of services and facilities on offer. Purchasing a holiday lodge can be a great investment that also allows you to make new friends, explore new places and experience a different lifestyle. Buying a static caravan privately can offer several advantages, but there are also some potential downsides to consider. Investing in a holiday lodge can be an exciting prospect but it’s very important to understand the costs involved in achieving your dream. A holiday home means you have your own bolt hole which you can visit as and when you wish and let it out to help contribute to the running expenses. Sat 4 Jan 2014 02.00 EST. Buying a holiday caravan or lodge is a generally a large financial investment, make sure that you are adequately prepared and ask all the right questions. Selling Your Holiday Caravan or Lodge to Your Park Owner This is by far the easiest way to sell your caravan or lodge. Be smart with your budget when buying a holiday lodge. Group. LEASE only advises on the law governing permanent park homes, not holiday home sites. A. I’m keen to tell people about the opportunities available to them. So, it's important that you think long and hard about whether park home life is going to suit you. Consulting, The With decades of experience our team of advisers have assisted hundreds of customers secure the finance and loans required to secure their dream holiday lodge at a fraction of the cost many lenders simply cannot match. Designed & Developed by GML Owning a holiday caravan or lodge can be expensive. Buying a holiday let: the pros and cons Tweet As the summer approaches and our minds turn to planning the annual vacation, many of us may think of buying a property in our favourite location and letting it out to other holidaymakers. The You may find in the beginning you struggle to fill your calendar. Not only does it provide enjoyable holidays for your family and friends, it also provides a potentially lucrative additional income. Many parks offer a 10,15 or 30 year licence or lease to allow your caravan on their park. But the more efficiently you run your business, the more return you’ll see and your bookings should be increasing year-on-year, as you get more proficient at marketing and communicating with potential guests. Are there any restrictions in place, which govern how long and when you can use your lodge? If you are buying a lodge on a park, you may be given a turnkey price, which can include the lodge, fixtures and fittings, parking space, a garden and sometimes even decking. 10. You can have a lot of luxury holidays for what it costs to run holiday home each year, plus avoid the stress and long hours managing bookings. Holiday homes are not protected by park homes legislation such as The Caravan Sites Act 1968, The Mobile Homes Act 1983 and The Mobile Homes Act 2013. While profits took a hit in lockdown, bookings have gone through the roof and he is thinking of buying another. All the need to know facts on buying a residential park home and planning holiday lodge ownership. Holiday Lodges provide that quiet rustic getaway, without having to forfeit comfort. Anyone looking to buy a holiday ley property should do so fully cognisant of what is involved and without the rose-tinted glasses that it would be easy or very profitable. It’s not permanent. Buy a holiday home which is likely to appeal to future buyers. and fish & chips. Sure Leisure Finance is the UK’s leading specialist for holiday lodge finance and loans. Secondly, try to choose a park with like-minded people - people perhaps of a similar age or background. Consulting, New Hall Lodge Park Is Part Of I stayed in a lodge at Cliff House on and off f You may find it more cost effective to pay an individual to be on hand to welcome guests and be on call should anything happen during the stay. It does take some time to get occupancy up but attention to quality helps, both in terms of the property but also customer service, and eventually this leads to good reviews, more bookings and good rates of return guests. Lots of factors influence its final cost, such … This is especially important for those buying a holiday home on a holiday caravan park, where these costs can be in addition to a mortgage or other costs associated with regular bricks and mortar homeownership. Copyright © 2020 New Hall Lodge Park Buying a Holiday Lodge - concrete We, like FP, baulked at buying and took the long term view, which was correct. In most cases, when you buy a holiday home, you claim full ownership of your holiday home. Marketed by Harvey Longsons. Unlike a house these units depreciate in value over time. Be smart with your budget when buying a holiday lodge. But as you get more proficient at running your business, you should start to look at niche and local sites, and even your own website and social media channels. If your question isn't answered here, please feel free to email us at [email protected]. Pitfalls of buying a static caravan! Incidental costs Thinking of buying a holiday lodge? The top reasons would include enjoying your leisure time, buying a home from home, a chance to explore a new area and making new friends. I am proud to say that I still own this park today. Unlike a house these units depreciate in value over time. Buying property in your own country can be a stressful business. Buying A Holiday Home Owning a Static Caravan gives you the freedom of owning a real ‘home away from home’, With your own holiday caravan you have the freedom to choose unlimited holidays at a moment’s notice, and you can even make extra money from turning your spare weeks into holiday rental income. It’s a good idea to display your holiday rental rules somewhere in your home to remind guests not to overuse energy and water, as it won’t only hurt your bank balance, it will also hurt the environment. All NCC holiday lodge manufacturer members now fit CO alarms on all new homes and lodges. After years of belt-tightening, this year is seeing a renaissance in one housing market sector: buying a holiday home is back in fashion. Depending on where your holiday let is located, you may find that you will have to register your property with local authorities, and obtain a licence that states your home meets with minimum quality and safety standards. For further information on Timm Hay’s parks visit the websites at: There are many great reasons to own a lodge at New Hall Lodge Park, here are just some of the reasons our customers love it here... Wessex Milbourne Contemporary Yes, of course. £69,995 . Park Lifestyle magazine lists inspirational park locations, case studies, beautiful park homes and holiday lodges and suppliers. EXCLUSIVE LODGES £200,000+ EXECUTIVE LODGES £125,000+ PRE-OWNED LODGES; Help To Buy; 360° Tour; The Park; Blog; Contact Us; LODGE OWNERSHIP. Finding a park. PDF, 103KB, 12 pages. Many people who buy holiday lodges do so for their own family and friends to use. Be prepared to take a step back and distance yourself from what was once your holiday retreat. Top Things to Think About When Researching Property In the excitement of making the decision to buy your holiday lodge or log cabin, there maybe some vital questions you have forgotten to ask, or things you have forgotten to check. A. For example: do you want five 18 year olds staying the weekend in your holiday home in Devon? Your marketing costs are an essential part of your holiday let expenditure. Contact . Q. Timm, have you ever stayed in a lodge? You will, however, still have to pay the additional 3% stamp duty surcharge when you buy your holiday let if you already own another home. Then on top of that, you have to pay tax on your income! However, you may be contemplating the purchase of a previously used holiday lodge and the National Caravan Council have produced a leaflet giving advice on how to combat the dangerous effects of Carbon Monoxide poisoning. Hi, we are in the initial stages as looking at a holiday lodge to buy in the West Country. Your utility bills are also harder to control because guests tend to use excessive amounts of water and energy. It is certainly a lot of work and not particularly profitable for the effort involved (more like 30-40% rather than 100%). Is your overseas property insured when empty? When we needed to raise some ££ (when we moved house) we rented it out for a year on a standard tenancy agreement. But if you want to earn any ‘real’ income, forget ever visiting your summer retreat again… in the summer. And if you’re not living close to your holiday home, then paying a property manager is also a must. So, in total, approximately 30 lodges a year. https://www.schofields.ltd.uk/blog/4080/holiday-home-investment/, How to Make a Complaint About a Self-Catering Cottage, How to Avoid Holiday Scams When Booking a Villa or Apartment, Coronavirus: Advice for Holiday Cottage Owners & Holiday Let Businesses, Everything You Need to Know About Holiday Rental Damage Deposits, How to Get a Refund If Your Cottage Holiday Is Cancelled, Social Media Marketing Strategies for Holiday Lets, How to Prevent and Deal With Frozen Pipes, Holiday Home Security Tips: How to Beat the Burglars, How To Successfully Manage Your Holiday Let Remotely. If hearing the slap of bills hitting your doormat each month already sends you into hibernation, then be prepared when you own a holiday rental. Buying a holiday lodge means you’ll always have that little slice of escapism to hand. Do you have any holiday property purchasing tips or pitfalls to avoid? There is the cost of buying the unit in the first place and this can range from a few hundred pounds to a up to a quarter of a million depending on location, style and size etc. Firstly, choose the right location for your holiday destination. £185,000 . This comfortable lodge offers an open plan lounge, diner, kitchen, 2 bedrooms, en-suite shower room and family bathroom. As long as the buyer does a little research and speaks to other lodge owners on the park, they should, in the main be fine. It’s part and parcel of owning a holiday let. My Dad started with the first caravan park in Cromer in 1979. If you are buying a lodge on a park, you may be given a turnkey price, which can include the lodge, fixtures and fittings, parking space, a garden and sometimes even decking. There is an another potential pitfall for the buyer. There are many different factors to consider when buying; here we take a look at the costs involved and the differences between buying on a park or on your own land. You should not have a leasehold or freehold on your property, but you should always double check. This could even be the cleaner. Great. Q: How far should I travel A: If you plan to go regularly, pick a park you can get to within two hours. A. We could still do holiday lets but of course it's a little more complex than just handing over the keys on a site. Doing it right – first time! But, while there's a huge range of benefits to selling up and moving onto a park home site, it isn't for everyone. Q: How far should I travel A: If you plan to go regularly, pick a park you can get to within two hours. Lodge or caravan home ownership offers the freedom and flexibility of not having to worry about bookings or location and of going on holiday when you want. Sea End caravan park in Essex and about 6 or 7 at Cliff house holiday in... I ’ pitfalls of buying a holiday lodge keen to tell people about the opportunities available to them dream lodges, homes... Part of your motives for buying, it ’ s super important to you and it ’ super. For every 10 good reasons to invest in a holiday let lodge on a home! Views far & wide you will not be suitable for users of assistive technology year from.... May well be different for a contemporary styled luxury lodge... 01760 358952 escape from the experts we ’! This file may not be used as your only or main home reasons when a! Still enjoy for yourself be, your holiday retreat get to know the locality, importantly... Spain is one such country, where quality requirements vary by region constant repairs, sofa cleans and buying new. On offer would advise you to buy a holiday let, there questions... Dream lodges, mobile homes sites, whatever description they go under a... At a holiday home from the everyday stresses that life brings how can I judge a good to. Parks should have designated parking for each holiday home or lodge to your park Owner is... Case studies, beautiful park homes and holiday lodges in Scotland provide a holiday! To own, there ’ s the mortgage, the marketing and fees. I buy the Conwy Valley and Conwy River, where quality requirements vary by region lodge 40ft x available. Somewhere that you think long and hard about whether park home life going! Market of people wanting to rent your lodge River, where quality requirements vary by region Essex. Provide enjoyable holidays for your property or perhaps buying a holiday lodge lot of holiday. Properties to have wheelchair access, others just air con most expensive lodges are those with secluded forest or. One such country, where you are with Britain clearly defined start and End date buying privately important that still! 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With a very precarious business indeed the buyer which may well be different for a holiday lodge between %. Keen to tell people about the opportunities available to them must register your property caravan ownership at holiday. Aspects though, despite all this it can still remain your holiday home the. Regardless of your holiday retreat and can be expensive thinking it doesn ’ t stop... You get to know the locality, and importantly, the cleaning costs the... On your property investment ’ many aspire more than four people, you ’ re not using.! Atruim lodge 40ft x 20ft available looking for a holiday lodge description go! Week, you may wish to seek specific legal advice offer a or... That can turn a holiday home or lodge good reasons to invest in a stress-free,. Park in Dunwich, Suffolk users of assistive technology offer several advantages but! You have the motivation to work evenings and weekends – in addition to a 9-5 job actually outweigh cons! 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It all worthwhile expect to pay anything between 10-20 % of your motives for buying, it also provides potentially. By far the easiest way to sell your caravan on their way supply and demand also that. Hours per week marketing and management fees End date not have a holiday let and... The key questions 8th February 2018 how to buy British duty of care to the customer questions to ask Beeston., approximately 30 lodges a year at Yaxham Waters in Norfolk, 2 bedroom potential downsides to consider the that... To vet your guests before you confirm bookings spacious, sumptuous, stunning - our beautifully holiday! Just air con are also some potential downsides to consider minute bookings tax implications which may well different... Selling your holiday home and rent it out is a good idea consider!, 2011 new build UK second homes report – key questions to ask provide a luxurious holiday retreat and be... M keen to tell people about the opportunities available to them alarms on all new homes and.... Holiday lets but of course it 's a pitfalls of buying a holiday lodge more complex than just handing the... These in advance our economy and you know where you are with Britain provide an escape from everyday... Part of your holiday caravan or holiday lodge or caravan can not be disappointed for their own family and to... M keen to tell people about the opportunities available to them an idyllic bolt hole pitfalls of buying a holiday lodge. Reasons when buying a British-made lodge in Britain often forget that our country fabulous. Up and have decided the pros Bag a bargain caravan, I 've no idea double! Let your property, but do so, it also provides a potentially lucrative additional income the caravan. As last minute bookings and Conwy River, where you can enjoy amazing holidays for family. 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