In the first look, a Residential Park Home looks almost similar to a regular house. Once considered homes for the retired people these homes have now become favorites for people of all ages, social status, etc. No wonder the benefits they offer outweigh the investment manifolds. They cost-less, to purchase, as well as to maintain, offer great living conditions in a calm, serene surroundings, etc.
Residential park homes help relieve the stress and strain of modern life either for working couples or retired employees. Investing in such a home is an important lifestyle decision for thousands of people looking for quiet, peaceful, and happy environs amidst natural beauty!
It is important to make such a decision after considering various factors, so you can enjoy the life at these residential park homes. Research the park homes well the type of construction, how they differ from conventional regular homes, the materials used for construction, etc. Here is some of the information that can help you understand better the park homes for residential purposes.
Park Homes look similar to conventional homes, without any major difference. Method of construction is a differentiating factor. Park homes are constructed at workshop strictly adhering to the British standards, and these structures are moved to the parks where they will be integrated with utilities such as electricity, drainage, water, etc. A steel frame is used as a base for the timber frames to rest on; all these material are strong, robust and durable and can endure any kinds of weather.
Mostly, park homes tend to attract retired people seeking a calm, serene lifestyle, therefore, some park home are exclusively for retired communities. However with the changing trend there are many park homes for sale that caters to the working people as well. As such, the homeowners here belong to a wide age group and have full time or part time jobs.
Park homes have vibrant surrounding, environs fraught with all the modern facilities and opportunities for social activities. While privacy as elsewhere is guaranteed with in the parks, there is also plenty of options for socializing, and many activities involving groups. Many home owners take an active participation in the many clubs, park activities, committees, and many other social activities from time to time.
Many laws have come into existence to protect the interest of homeowners of residential parks. One such act is the Mobile Homes Act, designed to protect the interest of residential park home owners. The lays down rules regarding inheritance, the right of ownership, right of tenure and the right to sell the house. It also specifies the way pitch fee has to be levied on these properties.
A word of caution is that, you should not buy a home on a park that is intended for holiday. If you planning to live in a park home you need to look for houses built on parks designated for living, and not for holidaying or camping. The British standards (BS3632) lays down specific rules regarding the parks meant of residential purposes and those meant for holidaying, etc.
Cost of the home is an important factor when looking to buy a home in holiday parks in Kent, Somerset and rest of UK. However, the costs varies depending on the market, the situation of the house. Mostly these homes are reasonably priced and are worth the value. You can find a decent home in the price range of 50,000 Pounds to 100,000 Pounds, if you are looking for a high end home, the price may go up to 250, 000 Pounds, also!
The good news is that many huge financial institutions offer loans to purchase these houses. Such loans would have a competitive rate of interest which is generally below the rate charged for personal loans.
Finally, one important point to remember is that when you buy a residential park home you actually buy a home and site the home on an area that you rent. You will have to pay a monthly rent, in most cases, for the site and this rent is termed as Pitch fee. The rent has to be paid either via a direct debit from your bank or by a standing order and would normally be in the range of 120- 200 Pounds.