Discussion
Hopefully I'm posting this in the right place.
Does anyone have any experience of owning a log cabin/static caravan as a holiday home?
Basically, they don't look too expensive to purchase (second hand). However, I have absolutely zero knowledge on any of the additional finances linked to a property of this nature. Do you typically own the caravan/cabin and lease the plot that it sits on? How much is the lease per year? What other running costs would you be likely to incur?
Does anyone have any experience of owning a log cabin/static caravan as a holiday home?
Basically, they don't look too expensive to purchase (second hand). However, I have absolutely zero knowledge on any of the additional finances linked to a property of this nature. Do you typically own the caravan/cabin and lease the plot that it sits on? How much is the lease per year? What other running costs would you be likely to incur?
They are a complete con if you buy from one of the big operators.
You are better off buying an actual house, they depreciate worse than cars.
Also the site fees can be increased at the drop of a hat.
I know someone who paid £70k for a large log cabin, 2 years later when they realised they didn't use it that much were offered £35k.
You are better off buying an actual house, they depreciate worse than cars.
Also the site fees can be increased at the drop of a hat.
I know someone who paid £70k for a large log cabin, 2 years later when they realised they didn't use it that much were offered £35k.
I have a holiday home in the Lake District, it’s a house.
Cost me about £2.5k a year in council tax and utility bills. I rent it out to friends and family and take about £3.5k from short term rentals.
I have had the place 6 years and it’s gone up in value by around 35k.
We as a family have had some great times there over the years.
Cost me about £2.5k a year in council tax and utility bills. I rent it out to friends and family and take about £3.5k from short term rentals.
I have had the place 6 years and it’s gone up in value by around 35k.
We as a family have had some great times there over the years.
Whistle said:
I have a holiday home in the Lake District, it’s a house.
Cost me about £2.5k a year in council tax and utility bills. I rent it out to friends and family and take about £3.5k from short term rentals.
I have had the place 6 years and it’s gone up in value by around 35k.
We as a family have had some great times there over the years.
Exactly my point, bricks and mortar should appreciated.Cost me about £2.5k a year in council tax and utility bills. I rent it out to friends and family and take about £3.5k from short term rentals.
I have had the place 6 years and it’s gone up in value by around 35k.
We as a family have had some great times there over the years.
A tin or log shed won't.
A friend of friend recently got a static caravan on a site by the sea. It was £35,000. Plus £3-4000 per year in ground rent and service charges or something. She wanted decking. Only the site owners can do the work. That cost £6000. In a few years it'll have to be compulsorily replaced. All utilities go through them at an inflated cost.
It all depends on the site and how slack they are. Another pal paid a flat five grand for a huge one right on Lake Windermere and pretty much lived in it for a long time.
It all depends on the site and how slack they are. Another pal paid a flat five grand for a huge one right on Lake Windermere and pretty much lived in it for a long time.
Edited by bloomen on Saturday 16th December 20:42
Check all the figures and site conditions, absolutely every single one as once you've signed the park owners have got you by the b
ks .
Mate of mine is an accountant and buyer for the static home holiday park business in the Essex Badlands and does well indeed out of the 'oliday 'ome dhaaan at Clacton seaside dream of Cockney wkah Londoners with more money than sense.
Despite working in finance all his life he recons the static home method is the most effective and profitable legal means of separating the gullible from their money he's ever seen.
ks .Mate of mine is an accountant and buyer for the static home holiday park business in the Essex Badlands and does well indeed out of the 'oliday 'ome dhaaan at Clacton seaside dream of Cockney w
kah Londoners with more money than sense.Despite working in finance all his life he recons the static home method is the most effective and profitable legal means of separating the gullible from their money he's ever seen.
Thanks for all the responses guys. I did suspect that the low cost of entry for second hand stuff would have significant downsides somewhere.
Completely agree that putting money in bricks and mortar would be a far better investment.
The idea of buying some land and sticking a converted vehicle of some sort on it may be a viable option too. Converted double decker bus may be?
Completely agree that putting money in bricks and mortar would be a far better investment.
The idea of buying some land and sticking a converted vehicle of some sort on it may be a viable option too. Converted double decker bus may be?
There seems to be some horror stories on here but go in asking the right questions, buy second hand and they are not that bad.
For example my in laws have a static caravan down on the south coast right next to the beech, paid about £10K 6 years ago and it is probably worth about the same now but they have no intention of selling it and spend most of the summer down there. Ground rent is £2.5K/year with the only other bills being electricity and gas, less overall than they were pending to go on a couple of holidays a year and there is still the option of renting it out if they ever needed to.
For example my in laws have a static caravan down on the south coast right next to the beech, paid about £10K 6 years ago and it is probably worth about the same now but they have no intention of selling it and spend most of the summer down there. Ground rent is £2.5K/year with the only other bills being electricity and gas, less overall than they were pending to go on a couple of holidays a year and there is still the option of renting it out if they ever needed to.
I've had the 'pleasure' of staying in a few of these log cabin/holiday home/static caravan places for cheapish family holidays and have always been bemused by the finances behind these places which are little more than a couple of portakabins spliced together. They certainly are not a long term 'investment' and are so flimsy they will dissolve from the inside out after a few years of rental usage by the average demographic of a holiday park. £70k for a shed - i'm out!
There's no value in them and literally no market for selling second hand should you wish to. If the idea appeals for holidays, just think how many holidays you can have for the purchase price of a new cabin/static holiday home, minus all the hassles of ownership as mentioned by many posters above.
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