Are static caravans a good investment?14 October 2020
Are you thinking of investing in a static caravan? If you’re nodding eagerly, or perhaps a little unsure, you’ve come to the right place.
In the below blog post, we’ll be talking about a handful of the things that make static caravans such an attractive investment — from staycation bliss to lucrative rental income!
Let’s jump right into it.
Are static caravans cost-effective?
There’s no better feeling than booking your next getaway, but paying for expensive hotels and holiday cottages can certainly dampen the excitement. You may consider buying a second house to holiday in— but this isn’t realistic if you don’t have a sizeable amount of up-front cash. A more affordable alternative, however, is to purchase a static caravan.
Willerby static caravans start from as little as £25,297. But, of course, just like any holiday home, spending a bit more will get you even better features.
For around £70,000, you can expect a static caravan that sports all the bells and whistles of a lavish second holiday home. Take our Vogue Nouveau range, for instance. This beauty comes replete with a Bluetooth sound system, an American-style fridge freezer, a king-sized bed and even a walk-in wardrobe! And best of all, you can choose your park setting.
Many would argue that investing in a static caravan is the most affordable way of owning a luxury holiday home.
Investing in a new lifestyle
Investing in a static caravan doesn’t just get you a gorgeous property; it offers a base from which to enjoy some fantastic settings. Just imagine enjoying a morning coffee listening to waves lap against the shore, or cosying up next to a roaring fire backed by undulating hills. Static caravans make each possible.
The recent uncertainty around travelling abroad has made owning a static caravan even more popular among young and older families alike. In fact, figures show that there are more than 365,000 static caravans used throughout the country. And it’s no surprise. Who wouldn’t want to go on holiday every weekend?
Owning a static caravan takes the hassle out of planning that well-needed break. Say goodbye to trolling through hotel price comparison sites, cancelled flight anxiety and expensive currency exchanges. Instead, say hello to your favourite wine chilling in the fridge, evenings spent with family, and relaxing at nature’s doorstep.
Many holiday parks are dog friendly too, so you don’t have to worry about leaving your four-legged friend behind!
Enjoy the simple luxury of cooking in a contemporary kitchen, free from the additional expense risk of eating out. You can also leave your marigolds at home, as many Willerby static caravans come fitted with a slimline dishwasher.
Can I rent out my static caravan?
Another great way of seeing the value in your static caravan investment is to rent it out. You could earn around £500.00 a week (or £1000 for lodges) by letting your caravan out during the peak season. While many holiday parks are more than happy for you to make rental income, it’s always worth double-checking before making a decision. Check out our complete guide to renting a static caravan for more information.
How long do static caravans last?
Depending on the exact home you buy and how well it’s maintained, holiday homes typically last between 30 to 50 years. You can liken it to owning a car, where the value decreases steadily over time. But you can up make for this with any additional rental income you earn — and, of course, any memories made with your family.
Please be aware that some holiday parks impose age limits on static caravans, so you may need to upgrade after a set time has passed. Licensing periods vary, so always ask your park in advance. The average time is around 15 years for basic static caravans, and up to 25 for more luxurious holiday lodges.
Can I get a mortgage to buy a static caravan?
Although you can’t get a mortgage to buy a static caravan, you can finance it. There are lots of specialist lenders who can provide advice and loans for static caravans or park homes. It’s important to remember, however, that the caravan itself isn’t the only cost you’ll have to consider. Site fees, insurance and utilities are all fees you must pay after investing in a static caravan.
For the last 70 years, Willerby has been manufacturing luxury holiday homes. With over 16 different models to choose from, Willerby static caravans provide the perfect base from which to make memories with your family. Explore our static caravan range here.