When considering a park home purchase in your 50s or beyond, you’re looking at a lifestyle choice that combines community living with lower maintenance responsibilities. Residential park homes offer a unique blend of independence and community, specifically designed for the over-50s demographic. These homes are typically more affordable than traditional housing, come with lower utility costs, and are situated in managed communities with age restrictions. Before making this significant life change, it’s important to understand the financial implications, legal protections, location considerations, and lifestyle adjustments that come with park home living.
- Park homes must be your main residence and cannot be sublet
- Residential park homes have specific size restrictions (maximum 50ft x 22ft)
- You’ll pay a monthly pitch fee (ranging from £193.77 to £246.58 depending on location)
- New homes come with manufacturer’s warranty and 10-year structural cover
- All residents must be 50 years or older with no dependent children
What should over 50s consider before buying a park home?
Before purchasing a residential park home, over 50s should carefully consider both the financial commitment and lifestyle change involved. The purchase price is just one aspect – you’ll also need to budget for monthly pitch fees, utility bills, and council tax (mostly band A). Unlike traditional property, park homes don’t require mortgages, and there’s no stamp duty to pay when purchasing.
You should also examine the Written Statement under the Mobile Homes Act 1983, which outlines your rights and responsibilities as a park home owner. This legally-binding document covers important aspects like pitch fee reviews, selling procedures, and site rules.
Park home living at Leedons Residential Park or Broadway Park offers a ready-made community of like-minded people, with facilities such as indoor heated swimming pools, bowling greens, and community halls. These amenities can be particularly attractive for those looking to maintain an active retirement.
What are the financial benefits of park homes for over 50s?
The financial advantages of park home living make it an attractive option for many over 50s. New park homes at Leedons Residential Park start from £250k, while at Broadway Park they begin at £215k, typically lower than comparable traditional housing. This price difference allows many buyers to release equity from their previous home to fund retirement or other plans.
Running costs tend to be lower too. Park homes are more energy-efficient due to their smaller size and modern construction standards (they must comply with BS3632). Your utility bills and council tax are likely to be reduced compared to a conventional house. Additionally, park homes require less maintenance, which can lead to significant savings over time.
When purchasing a park home, the sited price includes connections to mains services, a driveway for two cars, groundwork including skirting, steps and a path around the home, and even a garden shed. These inclusions represent significant value that would otherwise add to the cost of traditional home ownership. You can learn more about how park homes offer luxury at a lower cost on our website.
What legal protections exist for park home buyers?
Park home buyers benefit from specific legal protections under the Mobile Homes Act. This legislation safeguards your rights as a park home owner and regulates the relationship between you and the site owner. Before committing to a purchase, you’ll receive a Written Statement that outlines these rights and responsibilities.
The law provides protection regarding pitch fee increases, which can only happen once a year with proper notice. Site owners must use a standard form to propose any changes and give you 28 days’ notice in writing. If you disagree with the proposed increase, the matter can be referred to a tribunal.
You also have the legal right to sell your home on the open market without interference from the site owner. The Mobile Homes Act 2013 strengthened these protections, making it illegal for site owners to approve buyers or interfere with sales. These legal safeguards provide important peace of mind for park home owners.
How do you choose the right residential park location?
Selecting the right location for your park home is crucial for long-term happiness. Consider the park’s proximity to amenities like doctors’ surgeries, shops, and public transport. Both our residential parks at Broadway and Leedons are situated near local services and transport links, making them ideal for over 50s who value convenience.
The available facilities on the park itself should match your lifestyle needs. Our parks offer indoor heated swimming pools, outdoor bowling greens, community halls, games rooms, tennis courts, and launderettes. We even provide dedicated dog walking areas and access to countryside walks for those who enjoy outdoor activities.
It’s also worth considering the community atmosphere of the park. Visit in person, talk to current residents if possible, and get a feel for the environment. Each park has its own character, and finding one that aligns with your preferences is important. You can contact us to arrange a visit to our residential parks.
What lifestyle changes can over 50s expect when moving to a park home?
Moving to a residential park home represents a significant lifestyle change. You’ll be joining a community exclusively for over 50s, creating a unique atmosphere where neighbours often share similar life experiences and values. This sense of community is one of the most appreciated aspects of park home living.
Your home will require less maintenance than a traditional house, freeing up time for leisure activities and socializing. The park’s facilities provide opportunities to stay active and engaged with your community. Many residents find they have more time to pursue hobbies and interests after moving to a park home.
Security is another benefit, with our residential parks offering safety barriers and on-site management. The private community setting provides peace of mind, particularly for those who may travel frequently or spend time away from home.
Key takeaways for over 50s considering a park home purchase
When thinking about buying a residential park home, remember that it represents both a financial and lifestyle decision. Take time to understand the costs involved – not just the purchase price but also the ongoing pitch fees and utility costs. Ensure you’re comfortable with the site rules, including the age restrictions (over 50s only) and no dependent children living on site.
Familiarize yourself with your legal rights under the Mobile Homes Act, particularly regarding pitch fees and selling your home in the future. Visit several parks to compare locations, facilities, and community atmospheres before making your decision.
Remember that the process from choosing a park home to moving in can take time – up to 16 weeks from siting the home to getting all connections ready. This transition period gives you time to prepare for your new lifestyle in a community designed specifically for the over 50s.
Frequently Asked Questions
Can I get a mortgage for a park home?
No, sub-letting is strictly forbidden. Your residential park home must be your only or main residence.
What happens to the value of park homes over time?
The main costs beyond the purchase price are the monthly pitch fee and utility bills. New homes come with warranties, but you should budget for maintenance as your home ages.
Can I make modifications to my park home?
Yes, but with limitations. You can erect fences, hedges, or boundary structures with written approval from the park owner. The park home itself must comply with industry standards (BS3632).
