THE OFFICIAL BODY representing residential parks across the UK has published a free guide for people in or approaching retirement who are considering buying a park home.
The Holiday and Residential Parks Association (HARPA) says residential parks can offer security, peace of mind and an attractive living environment.
But unlocking those benefits – along with prices that often compare very favourably with nearby brick-built properties – starts with asking the right questions.
Most importantly, the guide says buyers should confirm that the park is licensed by the local authority for residential use and is not a holiday park.
The legal protections available to people living on residential parks do not apply to owners of holiday caravans and holiday lodges used for leisure purposes.
Government figures estimate that around 159,000 people in England live in residential park homes, and HARPA says demand continues to grow.
Many buyers fund their park home purchase through the sale of a family home, often releasing equity that can provide additional financial security in retirement.
However, HARPA stresses that buyers should do their homework and understand the key aspects of purchasing a residential park home.
The guide explains what buyers should expect from the sales contract – known as a ‘Written Statement’ – which they must receive before completing a purchase.
The Written Statement contains important information about annual pitch fees, how and when they can be reviewed, and the buyer’s rights to sell or gift the park home.
Buyers should also check the park rules, including whether pets are allowed, whether there are age restrictions and how any shared facilities may be used.
Armed with the right information, buyers can move with confidence into a friendly, like-minded community that can help them maintain their independence in later life.
The newly published guide from HARPA is available at ParkHome.org.uk.