Benefits of Owning a Static Caravan
In the UK there are more than a million caravans who are in active use and it is estimated that if all were placed end to end they would travel more than 3,000 miles, which equates to the length from Lands End to John O’Groats three times over! Owning a Static Caravan is increasingly popular and the market for this in the UK is the largest throughout Europe with more and more people coming to realise the many benefits you can take advantage of when you own a static caravan.
One of the main differences in ownership is whether you have purchased a static caravan purely for your own needs, or as more of an investment and you plan to sublet. Each one has its benefits, so to make the choice between the two; we’ve explained those benefits here:
The Benefits of owning a Static Caravan For Personal Use:
If you have a static caravan purely as a personal retreat then you have a holiday whenever you want it and are able to simply get in the car and go! If you fancy a weekend away, short break or even just a stopover then nothing is stopping you doing this, which can be very liberating. A static caravan can provide your own sanctuary, a place to get away from it all and unwind. Many are used as a second home, with owners spending a large percentage of their time ‘on holiday’.
Owning a caravan and only using for personal use means that your running costs will be lower than if you were to rent out. For example, your insurance won’t be as high, the replacement of items won’t be required as often, general wear and tear will occur over a much longer period of time and security systems don’t need to be half as advanced – many people are perfectly comfortable and safe being reliant on the security provided by the caravan site, as opposed to financing personal security systems.
When you are the only people using the caravan then the upkeep doesn’t need to be as tight. This means that hiring cleaners, gardeners or general maintenance people isn’t really necessary for a caravan that is a home and not a business. A personal caravan can also be decorated exactly as you like, whether that is a traditional 70’s theme, bold bright colours or minimalistic black and white- you’re not limited and don’t need to try and please anyone else as you would if you were providing holidays to many people, who would have many different tastes.
Benefits of Static Caravans to Sublet:
Sub-letting a caravan means that you have a steady, and guaranteed income, throughout many months of the year – especially the summer months and school holidays. Holidaying in the UK is now more popular than it has been for a while, with an estimated third of Brits having their holidays in their own country. The prices acceptable to charge for caravan holidays varies on many things, such as what your caravan has to offer; is it equipped with mod cons? Is it a stones throw from the beach? Does it provide any extras such as electronics, park passes, verandas etc.? The more you have to offer, the more you can charge and the higher end can be hundreds of pounds for just seven days in your caravan. This means that you have an incredible investment opportunity and that over the time the caravan will undoubtedly pay for itself. Many people starting with just one caravan now have a raft of holiday homes that they sublet out throughout the year, and this means they can finance, if they wish, a better one for themselves. What’s not to love?
Of course the decision is up to you, but if you take into account the benefits of both option, and the fact that you can combine personal use with sub-letting, there really is no reason not to purchase, if you can afford it.