What are the costs?
Before you purchase, it is important to understand the costs of ownership.
Park Resorts are very clear on costs, but it is vital to fully understand the costs before you consider ownership, no matter which park operator you are buying through.
The purchase cost of our caravan was approximately £20,000.
For people purchasing on a finance plan, the park were able to offer terms ranging from 12 months to 84 months, at 9% APR. This translates to a monthly payment of around £300.
Pitch fees for our caravan equalled £3281.00 per year and were due in December.
This includes –
Annual pitch rental
Use of all park facilities
Landscaping of park
Pitch fees can also be paid on a monthly basis by Direct Debit Scheme.
Before completing our trial buy, we had all our annual expenditure broken down and explained. We found the costs to be reasonable.
They were as follows;
Electricity & Gas: This is metered and depends on usage. Bear in mind that you are likely to use more energy if you use your caravan in winter.
Insurance: £265, fully comprehensive.
Rental Income: Running costs can be offset by subletting. Obviously the potential income you receive from this will depend on how often and what time of the year you decide to sublet. Your park owner will be able to provide you with an estimation of potential rental income. For more detailed information on subletting and rental income, visit our dedicated page. Subletting at key times of year can give you a substantial return!
If you have any further questions regarding costs, please do not hesitate to contact us.