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Holiday home ownership: what are the costs involved?
27/02/2024
One of the biggest questions you may be asking yourself when thinking about holiday home ownership is: how much does a holiday home actually cost? So, as a handy guide, we’ve outlined all the costs to consider when owning a holiday home in the UK.
There is so much joy to come from purchasing your holiday home, from last minute weekend breaks and summer holidays to enjoying your static caravan or lodge with your friends and family. But first, make sure to choose the location that’s the right fit for you, by arranging an exclusive tour at a park of your choice.
9 costs to consider when buying a holiday home:
1. Site fees
Site fees are an annual cost to all holiday home owners to cover park maintenance, refuse collection, landscaping, drainage and security. By paying annual site fees, you can experience holidays throughout the park season, enjoy exclusive owners only events, entertainment and receive a range of exclusive local area discounts.
It’s important to note that site fees vary by the park you choose, and the location of your pitch. Right now, however, you can make the most of our fantastic offer – no site fees to pay until the 2025 season!*
2. Finance
Many of our owners choose an easy finance plan when buying their caravan to help spread the cost of holiday home ownership. We work with specialist holiday home finance providers like Blackhorse to create bespoke payment plans, tailored to your needs. Our friendly team can tell you everything you need to know – click here to contact them today.
3. Insurance
Insuring your holiday home is an essential annual payment to cover any unforeseen issues that may arise. It’s better to be insured in advance than to pay out for claims when they arise. We work with two providers, Towergate and Leisuredays, who specialise in holiday home insurance, but you can use any provider of your choice.
4. Maintenance and cleaning
Keeping your holiday home clean, tidy, and maintained will help you to enjoy your space more, and to help your holiday home last longer. Find out our top tips for keeping your caravan clean by clicking here.
5. Drain down in winter
During winter when the temperature drops, it’s important that you consider protecting your holiday home whilst you're away from it. We offer an optional comprehensive winterisation service to safeguard your caravan or lodge and ensure there is no damage or inconvenience to you.
6. Gas
In order to heat and run your holiday home, you will need either a gas bottle or pipes. Central heating systems are already fitted within your holiday home through a boiler and radiator system, so you can be sure to keep cosy during chilly days.
7. Electricity
Your holiday home will be attached to our on-site electricity source included within your pitch. Your electricity will be billed annually and can be paid by contacting our Finance Team at Verdant Central.
8. Water
Water usage is included in our site fees, so there will be no extra charges associated with water usage. Bonus!
9. Fuel
Purchasing a holiday home in a new location means you might be doing some more travelling. Think about the cost of petrol or diesel for your vehicle, as well as the considerations to the upkeep of your vehicle if you plan on travelling a long distance.
Overall, owning a holiday home is a great way to create long-lasting memories with your loved ones. By taking the time to understand the costs associated with owning a holiday home, you can make a decision that fits within your budget and lifestyle.
If you have any more questions, our experienced Ownership Team will be more than happy to help. Click here to get in touch today.
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