When considering the purchase of a residential park home, understanding the sited price is crucial. The sited price encompasses various cost components that impact your overall investment. In this article, we will break down what is included in the sited price, highlight hidden costs to watch out for, and provide tips on how to compare sited prices effectively. Additionally, we will discuss why transparency in pricing matters, ensuring you make an informed decision.
Key Takeaways
- Understand the breakdown of costs included in the sited price.
- Identify potential hidden costs to watch out for.
- Learn how to compare sited prices effectively.
- Recognize the importance of transparency in pricing.
Breakdown of the Costs Included
The sited price of a residential park home typically includes several key cost components. Firstly, the cost of the park home itself is a significant portion. Prices for new park homes start from £215k on Broadway Park and £250k on Leedons Residential. The cheapest show home is from £318k, with details available on the Leedons Residential Park website.
Another essential component is the pitch fee, which is the monthly rent for the land your park home sits on. For instance, the monthly rent is £187.21 on Broadway Park and £228.57 on Leedons Residential, starting from the handover. This fee covers the use of the land and the amenities provided by the park.
Additionally, the sited price includes a garden shed (6×8), ensuring you have extra storage space. The price also covers a driveway for 2 cars, along with groundwork features such as skirting, steps, and a path around the home. Furthermore, it includes the cost of connecting utilities like mains natural gas, available on Leedons Residential. However, utilities are paid extra, so it’s essential to budget for these ongoing costs.
Hidden Costs to Watch Out For
While the sited price covers many essential costs, there are potential hidden costs to be aware of. One such cost is the commission payable to the park owner when you sell your home. Typically, a maximum of 10% commission is payable by your buyer when you sell your home privately, which can impact your overall return on investment.
Another hidden cost to consider is the cost of council services. Most park homes fall under council tax band A, which is the lowest band. However, it’s essential to confirm this and budget for council tax payments accordingly. Additionally, the council provides bins to each property with recycling options, which is a service you should factor into your budget.
Lastly, while the sited price includes the cost of connecting utilities, the actual usage of these utilities is paid extra. Therefore, it’s crucial to establish the likely costs of gas, water, and electricity before purchasing your park home. This will help you avoid any unexpected expenses down the line.
How to Compare Sited Prices
Comparing sited prices effectively requires a thorough understanding of what is included in each price. Start by obtaining a detailed price breakdown for each park you are considering. This should include the cost of the park home, pitch fees, and any additional inclusions such as garden sheds or utility connections.
Next, consider the amenities and services provided by each park. For example, Arden Parks offers a range of facilities, including an indoor heated swimming pool, outdoor bowling green, community hall, games room, tennis court, laundrette, dog walk, and countryside walks. These amenities can significantly enhance your living experience and should be factored into your decision.
Finally, take into account any potential hidden costs, such as commission fees and utility expenses. By comparing these costs across different parks, you can make a more informed decision and choose the park that offers the best value for your investment.
Why Transparency in Pricing Matters
Transparency in pricing is essential for making an informed decision when purchasing a residential park home. Clear and detailed pricing information allows you to understand exactly what you are paying for and avoid any unexpected costs. This transparency builds trust between you and the park owner, ensuring a smoother and more satisfactory purchasing experience.
Moreover, transparent pricing helps you compare different parks more effectively. When all costs are clearly outlined, you can easily identify which park offers the best value for your money. This can save you time and effort in the long run, as you won’t have to deal with hidden costs or unexpected expenses.
At Arden Parks, we pride ourselves on providing transparent and detailed pricing information to our prospective homeowners. Our commitment to transparency ensures that you have all the information you need to make an informed decision and find your dream home in a beautiful natural setting.
Conclusion
Understanding what is included in the sited price of a residential park home is crucial for making an informed decision. By breaking down the costs included, identifying potential hidden costs, and learning how to compare sited prices effectively, you can ensure that you get the best value for your investment. Transparency in pricing is essential for building trust and making a smooth purchasing experience. At Arden Parks, we are committed to providing clear and detailed pricing information to help you find your perfect home.
Would you like to read more? Discover how park homes offer luxury at a lower cost by visiting How park homes offer luxury at a lower cost. Or for more insights on park homes as a cost-effective living solution, read Park homes: a cost-effective living solution.
FAQ Section
1. What is the maximum size of a park home allowed?
The maximum size of a park home allowed is 50ft x 22ft.
2. Are there any age restrictions for residents?
Yes, residents must be 50 years or older, and no dependent children are allowed to live on the park.
3. Can I sub-let my park home?
No, sub-letting is strictly forbidden. Park homes must be used as the only or main place of residence.
4. What council services are provided?
The council provides bins to each property with recycling options. Most park homes fall under council tax band A.
5. How long does it take to move into a park home?
It takes approximately 12 weeks to have a park home built by the manufacturer and up to 16 weeks from sitting the park home on the plot to get connections and the park home ready to move in.
