What are the upfront costs associated with buying a Park Home

If you are considering purchasing a park home, it is important to prepare your budget carefully to ensure that before you commit to the purchase, you will be able to afford both the original costs and the continuing costs.

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The cost of the park house, the plot deposit fee, the cost of surveys and legal fees, and your moving expenses are the upfront costs that you need to remember. As park homes lose value faster than conventional homes, you can find that pre-owned homes are much cheaper than newly constructed homes. Location is also important; Gloucester Park Homes for Sale at http://www.parkhomelife.com/our-parks/orchard-park-homes-gloucester-gloucestershire/, for instance, can differ dramatically in price from those in other areas. Although you won’t be able to get a mortgage for your home in the park, there are other ways to fund the purchase.

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If you want a newly constructed park house, it will usually include a plot deposit. This could be about 10% of the overall purchase price or a flat fee determined by the owner of the park.

If you plan to purchase a pre-owned park house, surveys are advisable, but this is not a legal necessity. Many people opt to use a solicitor to help them purchase a home in the park; however this is not a legal requirement since no deeds or land are exchanged.

The cost of moving is equal to that of moving any home, with the cost of removing vans depending on the distance and the amount of furniture and belongings to be transported.