Why is owning a static caravan the WORST decision you'll ever make - Everything you need to know

Owning a static caravan is a life style investment. And what we mean by that is you're not necessarily going to make money on it. Buying a static caravan is similar to purchasing a car. You buy it to use it and enjoy it but you don't always make money on it due to the depreciation. If you're looking to make money purchasing a second property as a holiday home may be better suited, however this can incur higher taxation, mortgages, solicitors and extra expenses. Not to mention you may be in a chain which takes time. One of the biggest upsides of having a static caravan is the fact you can be in your holiday home in as little as 14 days. In addition to this you can have a holiday home with spectacular costs for a lot less than the price of a second property.
website: www.myholidaycaravan.co.uk
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[@The_Oracle_of_time]

I know three people who bought a static caravan in Britain. All three regretted their decisions. one hugely so. Two of the couples eventually sold at a massive loss due to unscrupulous site owners and then purchased abroad. They are still there and loving it. Dont buy in the UK, buy one in Spain. Superb weather, far more for your money, ground rental increases controlled by law in line with inflation, great resale values, better locations, less maintenance because of the weather. One of the couples has recently sold theirs in Spain for more than they paid 3 years ago and have uograded on the same site. Give rip off Britain a miss.

[@essanjay8604]

Yes Spain looks to me to be a better option if you are able to stay over there for several weeks at a time. Not if you want to just do weekends! The Spanish climate is much more suited to caravan life that's for sure!

[@essanjay8604]

The bottom line on statics is that they're a money pit. A nice thing to have if you're someone with a large disposable income.

[@Grumszy]

if site fees are 4,000 per year that's £80 per week.... and some sites close for 3 months of the year.

[@danielleblount1772]

dont let this woman down talk depreciation! you can buy a caravan for 15,000 with in a year theyll only give you back 5,000

[@myholidaycaravan8158]

Hiya, yes caravans do depreciate. Buying one is not the same as buying a second property, static caravans do not gain value. You can also privately sell your static caravan, which you can do on our website.

[@essanjay8604]

True. Some people get their money's worth by going to the van every weekend, but most don't because life gets in the way and there's always other things to do! You can end up spending 4 or 5 weeks in it at most depending on the naff British weather.

[@grahamshaw9316]

It's a very large waste of money just add up the cost of buying the van and the running cost with site fees over 10yrs say, then to be told your van has a 15 to 20 yrs life span and it's worth next to nothing at the end.

[@essanjay8604]

@grahamshaw9316 The best plan is to buy second hand and mentally write off the money you spend. Then it's not so painful if you decide you're not enjoying it as much as anticipated and want to sell!

[@jackiemay6357]

See holiday park action group for the reality of how much you can lose quite simple the holiday park already own everything why sell unless you're making extra money and that is the reality 8 weeks a year when it costs more to rent than it costs to keep

[@essanjay8604]

It's a very expensive hobby. You have to go in with eyes wide open. People dont do enough research before they buy on the whole. Youhave to be prepared to take a huge hit if you change your mind a couple of years in.

[@inquisitive1911]

I nearly never watched it, due to the negative title. It is counter-productive, and adds on to the bandwagon of 'Oh no, someone else is criticising static caravans - read all about it previously - no point watching'. Video titles should be honest ...