Static Caravan Living Costs - Everything You Need To Know 

In this video, we're going to take talk about some of the costs associated with owning a static caravan holiday home. Obviously one of the main static caravan costs that you have is the actual purchase price and some people choose to pay upfront or maybe work on a monthly figure for finance. This will mean you put an initial deposit and pay monthly. The second-largest cost which is usually an annual cost is your site fees and that is basically a payment to the park to allow you to keep the caravan on its pitch. It also includes lots of the extras such as maintenance of the pitch and the park and access to all the facilities. Now site fees can range from three thousand pounds right up to ten thousand pounds for a lodge on a premium location park and it will depend on the park and the facilities that it offers. Now, this is a large cost and where you really need to start considering ownership. Now some people decide to offset these fees by renting out the caravan so they can use the rental income that they get from the caravan to pay for their site fees. The other thing is obviously you may be saving money because you haven't got any holiday costs so if you're spending lots of money taking a holiday in peak season every year that will be reduced because you now own a caravan. There's also some monthly costs and some smaller costs that you need to consider such as gas and electricity for running your caravan that's a smaller cost that you need to take into consideration some parks will also charge for water rates. You'll need to insure your caravan holiday home and that price will depend on the purchase price. And finally you might also want to consider maintenance costs, that doesn't have to be too much but some people budget around £150 pounds a year for winterization of their static caravan that's a really brief guide there's more information on our website looking more deeply at the costs of holiday home ownership.
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