Should You Buy a Static Caravan with Family or Friends?
X
Your search results

Should You Buy a Static Caravan with Family or Friends?

Posted by Cas on 14th July 2020
| 0

buy a static caravan with family or friendsIf the idea of being able to go on holiday every single weekend (or whenever you wish) appeals to you, buying a static caravan can give you this option.

Within a few hours, you and your family or friends can be in a beautiful location, enjoying the outdoors and everything that areas such as Dumfries and Galloway have to offer.  For many a static caravan feels like a second home, which means you won’t need to pack much except for food and other essential items before you head out the door.

However, as appealing as a year-round holiday sounds, not everyone can afford to buy a holiday home – not on their own at least.

Is It a Good or Bad Idea to Buy a Static Caravan with Family or Friends?

buy a static caravan with family or friendsIt’s probably more common that you think for family and friends to purchase a static caravan together.  Is this a good idea though?

Sharing the costs of a static caravan does make a lot of financial sense, provided the necessary agreements are securely in place.  You should agree the financial contributions each party will make towards the caravan purchase and then how you will share the annual costs and general repairs.  It’s also important to discuss when each party will have use of the caravan; you might want to holiday together or separately.

buy a static caravan with family or friendsAll parties should also sign the Purchase Agreement so everyone is aware of the terms and conditions.  Ask the Park for a copy of their Purchase Agreement which you can read over prior to making a final decision.

You may wish to hire the caravan out during the periods you won’t be using it.  This is provided the park you’re buying from allows you to ‘let’ your caravan.  Letting is another way that you can cover some of the costs associated with a caravan.

If you and a friend or family member have been considering purchasing a holiday home together it’s definitely worth exploring further to see if it’s the right decision for you.  Parks are likely to have a range of statics to choose from (new and pre-loved) so can accommodate most budgets.  Check out our first time buyer’s guide.  Viewings of holiday homes for sale are available 7 days a week, by appointment.

  • Become a property owner

    As a property owner, you can come on holiday whenever you like!

    We have a range of lodges & caravans for all budgets as well as plots for sale. Sounds Tempting? Then use our search function below to see what is available.
  • Search Property and Plots For Sale

    £ 0 to £ 300,000

    More Search Options
  • Enquiry form

    • Thanks for contacting us. We would very much like to keep in touch with you after we have dealt with your request.
    • Don’t worry, you can change your mind at any time.

      Sadly, if we don’t receive your consent you will not hear from us again.

      Any personal data you do provide to us will be processed in accordance with the law and our privacy policy.
  • Request annual price list

    • Thanks for contacting us. We would very much like to keep in touch with you after we have dealt with your request.
    • Don’t worry, you can change your mind at any time.

      Sadly, if we don’t receive your consent you will not hear from us again.

      Any personal data you do provide to us will be processed in accordance with the law and our privacy policy.
  • Coastal Kippford (The new face of Kippford Holiday Park and Kipp Forest Lodges)

    Dalbeattie, Kirkcudbrightshire, DG5 4LF South West Scotland

    +44 (0)1556 620 636

    info@coastalkippford.com