If you are thinking about downsizing your home, have you considered park home living? It might sound impractical, but thousands of Brits have moved into comfortable park homes and have never looked back. Here we take a quick look at the pros and cons of park home living and what it entails.
Perhaps the most surprising thing to a lot of people when they begin to browse park homes for sale is the sheer amount of choice, whether you dream of travelling or want to help your children and grandchildren financially so it is important to do your research. Here we take a quick look at the pros and cons of park home living and what it entails. Age UK has some great information about park home living, including why it is so important to make sure you have permission to reside full-time on your chosen site.
Pros of park homess
Probably the biggest pro is the cost. If you have a property to sell, you are likely to find that your park home costs a fraction of your sale price. This means your savings are instantly boosted and you have the freedom to do all those things you have always wanted to but could never quite justify. Whether you dream of travelling or want to help your children and grandchildren financially, selling your traditional home and downsizing to a park home gives you financial freedom. Lots of park home dwellers enjoy extensive foreign travel while knowing they have the comfort and security of a base in the UK at all times.
If you are worried about your retirement savings or it is looking like your pension provisions are not going to be quite as generous as you had hoped, downgrading to a park home is the perfect way to free up extra cash. Take a look at a few park homes for sale to get an idea of the price you can expect to pay for a model of your preference.
Cons
There is no way around the fact that you will have to compromise on space. While it is possible to put things into storage indefinitely, you will never be able to fit everything from your home into a park home. Many people expect this to be extremely difficult to adjust to but are pleasantly surprised by how unnecessary a lot of their previous ‘essentials’ turn out to be; however, if you like having family members to stay regularly, space might once again be an issue.