Residential properties have gone up in price significantly with each passing year. So much so, that ownership of traditional brick-and-mortar housing is no longer the best use of people's money and savings anymore, in fact, many people are finding themselves equity-rich and cash poor. However, alternatives to conventional housing methods are gaining popularity amongst people looking to change this. 

One of those alternatives is park homes and lodges. Park homes and lodges are detached houses manufactured off-site and then placed on land owned and managed by park operators. They are steadily gaining ground in the property market due to their significant advantages compared to conventional housing. Many analysts believe that as the housing market continues to become exclusionary, alternatives like park homes and lodges will emerge triumphant due to their benefits. Some have even said that park homes and lodges might be the new normal in for the over 50’s in the upcoming years. 

We firmly believe that park homes and lodges are the future due to their affordability, energy efficiency, and less demand for upkeep. Continue reading if you want to learn more about park homes and lodges and their advantages compared to traditional housing.

 

Park Homes and Lodges are More Affordable

One major reason park homes and lodges why are the future of the retired and semi-retired is the massive difference in price point compared to traditional housing. Without regulation, the current housing market has made owning a home almost impossible for people, and renting does not provide the control people want over their living situation. Park homes and lodges provide an opportunity to own your living space and a respite from the usual landlord system that leaves a lot of residents frustrated. 

Park Homes and Lodges Provide Better Quality of Life

Park homes and lodges are located in stunning natural spaces across the UK, providing views you are definitely not getting in an urban setting. Being closer to nature has a significant positive effect on your physical and mental health. Many are also located in a community. Therefore, relocating to a park home or a lodge is a great way to find a new community for retired individuals.

Park Homes and Lodges are More Energy Efficient

Park homes and lodges are manufactured off-site. Therefore, constructors take great care in insulating the wooden frames of the houses. As a result, they are warmer than regular homes. Coupled with energy-efficient heating systems, energy bills for park homes and lodges are significantly lower when compared to traditional housing.

Park Homes and lodges Come Under the Lowest Council Tax Band (if any !!)

Due to their affordability, park homes and lodges fall under the cheapest council tax band. This means residents of park homes have to pay significantly less council tax than their counterparts living in traditional properties. This can help residents save lots of money and spend it on their passions instead. In fact, some 365 days parks aren't liable for council tax at all.

Final Thoughts

Park homes and lodges are ideal living situations for most people, but they are especially suitable for retired individuals looking to start a new chapter in their lives. With all the aforementioned benefits, these retirees can spend their years closer to nature in a close-knit community without all the financial strain brought on by traditional housing. All these reasons contribute to the fast-growing popularity of park homes and lodges, and they will well and truly be the future of people's retirement plans soon enough.

Cosgrove Estates are experts in the sale of park homes and lodges, get in touch today for more info.