Buying Advice: Our five-point plan for buying a holiday home
The demand for holiday homes is burgeoning as more and more people decide that buying their own safe, self-contained holiday unit is the best way forward amid the corona-chaos that has disrupted the tourist industry.
Parks are responding to the increase in popularity of the whole holiday home concept; it’s worth looking out for some very special offers as parks compete for your business! Many are offering your first year’s plot fees free of charge. Some offer decking and balustrades as part of the deal.
So, the benefits of buying a holiday home are pretty obvious, right now, and here’s a five-point plan for choosing your ideal holiday home:
1 The region
Your favourite. Your happy place. Your place where you’re content – and there’s plenty to interest you… However you define your ideal region, there’s one thing to bear in mind: the closer it is to your main home, the more often you will be able to go there. Remember, holiday homes aren’t just for holidays, they’re for long and short weekend breaks, maybe just overnight sometimes, or even for a day visit, if that’s all you can spare. And, the big consideration: coast or country? Or proximity to both?
Images: Above left: Oaklands Park in Cornwall. Above right: Wenningdale Escapes in Yorkshire
2 The location
Pick a place that aligns perfectly with your interests. In an area surrounded by walking opportunities, perhaps, or lanes that are ideal for cycling. Do you want to be near to one or more golf courses? Maybe you want to look for a park that has its own golf course; there are a few! Maybe you’re interested in observing birds. Or even ground wildlife, like rare species of newt or natterjack toads. Do you want to be within easy distance of a city, for theatre, cinema, retail interest and eating out?
3 The park
Parks come in all sizes and types. Small or enormous, fun-filled or tranquil, terraced or flat, scenic or featureless… They all have their merits and they all have appeal. It’s just a question of picking the park that’s ideal for your requirements as a couple, a family or a part-time family (grandparents whose grandkids are likely to visit). You can get a pretty close idea from parks’ websites, of course, but there is no substitute for visiting, when restrictions lift. So, get your shortlist ready now!
Images: Above left: The Willerby Manor holiday home. Above right: The Willerby Sierra holiday home.
4 Your budget
A benefit of buying a holiday home is that you can tailor your holiday budget for the coming years. Once bought, that’s your holidays and breaks sorted for many years. The length of time you can keep a holiday home is defined by each park – averagely, 20-plus years; some less, some more.
There are homes for all budgets. If you’re not sure how much you need to spend, start by looking at pre-owned ones, to see example prices. If buying new is your aim, you’ll be looking at a start price of around £40,000 (some lower), climbing, with size and luxury, to well into prices comparable with houses. Don’t forget, you can consider finance for part of a holiday home purchase. Paying for it out of income, rather than depleting capital, is a good way to align at least part of its purchase to your holiday budget.
5 The holiday home
How many bedrooms? All but a very few have two, some have three. Some have sofa beds for accommodating occasional guests. Do you prefer completely open-plan layouts or would you like a kitchen that’s partially separate from the lounge/dining area? No matter what your budget, there is an enormous choice of layouts, styles and levels of luxury out there for you.