Static caravan
Discussion
BFG TERRANO said:
Don't let it out cheap to friends, family and colleagues. They will be the winners getting cheap breaks on behalf of your investment.
A good point. When the wife told her work colleagues about it the first question they asked was about us renting it out. I don't think they understand that you are paying ground rent to site it. They think you will let them use it free of charge. We decided that we will not let anyone use it other than my daughters. That way no one gets upset if we say no or ask for payment. We owned 2 statics over 10 years until about 8 years ago, one in North Wales before we moved here and one in Skegness, fortunately we had no real issues over the years other than general maintenance and repair.
It might be worth you browsing this site/forum;
http://www.gostatic.co.uk/
Lots of tips and info with regards to insurance, your rights as an owner, site operators rights, tips on winter drain down and maintenance.
It might be worth you browsing this site/forum;
http://www.gostatic.co.uk/
Lots of tips and info with regards to insurance, your rights as an owner, site operators rights, tips on winter drain down and maintenance.
rix said:
Whats the rough yearly upkeep on one of these? ground rent and depreciation included?!
Pay £40,000 for one, it will be worth next to nothing within fifteen years, (In most cases), when you factor in site rent, not a cheap option, plus you are tied to going back to the same area most weekends.Those are the downsides, but they are nice if you like to get away from the daily grind, but personally, I prefer a motorhome, where at least you can go where the fancy takes you, plus depreciation is not so much a factor, prices hold up very well.
I think a nice static in good condition, around 7/8k would make more sense, although if you can afford it, new is obviously better.
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