Park home living: what are the pros and cons?

Many people consider park homes as an option at some point in their lives, especially when they are looking to retire and downsize. But although the appeal of these compact, attractive homes in friendly communities is obvious, there are pros and cons with a park home, just as there are with everything in life. Let’s take a closer look at the factors to weigh up on both sides.

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The pros of living in a park home

1. They are accessible and single storey. This makes them ideal for retirement when people don’t want to be walking upstairs or struggling with steps.

2. They are found in private communities that are sociable and secure. You’ll find some great park homes for sale in Gloucester for example, with plenty of amenities nearby and local attractions. Check out a specialist site such as www.parkhomelife.com/our-parks/orchard-park-homes-gloucester-gloucestershire for more information.

3. They can be relatively affordable to run, and certainly more so than a large house.

4. Like mobile homes, there’s the option to move them to another site.

5. They are affordable to buy. This is particularly enticing at a time when so many people are priced out of the market, and retirees may want to sell their home to release equity.

The cons of living in a park home

These flexible and comfortable mobile homes can be a great option if you’re looking for a sociable community, affordability, low upkeep and seclusion on a private estate. But there are some potential disadvantages to consider too.

1. The price of the home won’t rise over time. In fact, unlike traditional bricks and mortar houses, park homes tend to depreciate.

2. You usually can’t get a mortgage on a park home, unlike with traditional properties

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3. They need to be maintained.

4. If you decide to sell up, you will be charged a fee by the site owner.

As with everything in life, the decision on where to live in retirement is a personal matter driven by various factors. For many, a park home can be a comfortable and attractive option.