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 or a short break 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. Owners spend a large percentage of their time ‘on holiday’ while using them as a second home.
Owning a caravan for personal use means that your running costs will be lower than if you were letting. Wear and tear will occur over a longer period of time and security systems don’t need to be 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. Items inside the caravan will wear more slowly, saving you money in the long term. You will also pay lower insurance premiums.
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. You can also decorate your personal caravan exactly as you like. You might choose modern and sleek or a traditional 70’s theme. Maybe bold bright colours or minimalistic black and white. You’re not limited and don’t need to try and please anyone else as you might if many people were staying in your holiday home.
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. The summer months and school holidays are especially lucrative for letting your caravan. Holidaying in the UK is more popular than ever, with millions of Brits opting for a staycation annually. The prices acceptable to charge for caravan holidays is variable according to what your caravan has to offer. For instance, is it equipped with mod cons? Does it provide electronics such as games consoles and smart TV? Is it a stones throw from the beach? Does it provide any extras such as park passes, wifi, outdoor areas, verandas etc.? The more you have to offer, the more you can charge. The higher end of letting your caravan can be hundreds of pounds for just a week. This means that you have an incredible investment opportunity and 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 annually. This, in turn, means they can finance a better one for themselves if they wish. 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.