Is Park Home Ownership a Good Investment?

Investing In A Residential Home

Investing In A Residential Home

If you’re interested in a residential park home in Devon, then you need to make sure it’s a good investment. There are many different factors that can affect whether it’s a good investment or not. Below we’ll go through some of the things you should consider before investing in a residential home.

The Location

When it comes to residential static homes, location is everything. You should look at where the static home is and what things there are to do in the surrounding areas. Just like when you buy a home, you should visit the park both during the day and night.

This will help you to gain a better understanding of the park and that area it’s in. Don’t be afraid to speak to some of the current residents. The information they provide you with will help you to know how they feel about the park and the things they do or are involved in.

Investing In a Park Home Is Park Home Ownership a Good Investment

Can You Live On The Park?

Is your static home for living in? Or are you just wanting it for breaks away? Some parks will allow you to live on it all year around, whereas others will only allow for short periods of time. Park homes that are referred to as mobile homes, are usually only suitable for secondary or holiday homes.

Here at Otter Valley, the home you buy will be your new permanent residence.

For more information on buying a static residential homes we offer at Otter Valley Park, be sure to contact us. One of our team is always on hand to answer questions and deal with enquiries.

Is It Complicated To Buy A Residential Park Home?

Buying a residential park home is actually a very easy process and extremely similar to if you were buying bricks and mortar. Park managers will work closely with you to assist in the buying process. As you don’t physically own the land the home is on, you won’t be liable for stamp duty.

When you have chosen the residential park you want to live in, speak to the park owner about how you progress with purchasing it. Residential park homes have become very popular in the UK, with more and more people appreciating the benefits and pro’s to park home living, such as living in a community with like-minded people and the peace and quiet that comes with being located in the countryside such as Otter Valley.

Visitation

The great thing about residential homes, is you won’t have people renting out properties. They are designed to be lived either on a permanent basis or as a secondary home (dependent on each park). Many residential parks also have an age limit, meaning you can enjoy the company of people your own age.

Purchasing A Residential Home At Otter Valley Park

If you’ve seen a residential home you like at Otter Valley Park, then all you need to do is contact us. All of our properties for sale are available to view online. One of our team is always on hand to assist with any questions you may have or to arrange a viewing time that suits you.

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