When considering a move to a park home, most people focus on the affordability, community feel, and scenic locations. However, there are several lesser-known advantages that make park home living an even more attractive option. Here are some of the unique financial, practical, and lifestyle benefits of choosing a park home.
1. No Stamp Duty When Purchasing a Park Home
One of the major financial advantages of buying a park home is that you do not have to pay Stamp Duty Land Tax (SDLT). Since park homes are considered movable property and are typically situated on leased land, they are exempt from this tax, potentially saving buyers thousands of pounds compared to purchasing a traditional house.
2. No Inheritance Tax When Selling a Park Home
Unlike traditional properties, park homes are not subject to Inheritance Tax when passed down to loved ones. This can be a significant financial relief for families and ensures the value of the home remains within the family.
3. Lower Council Tax Bands
Park homes are generally assessed at lower council tax bands, usually Band A or B. This translates to lower annual council tax payments compared to traditional brick-and-mortar homes in the same area, making everyday living more affordable.
4. Support for Low-Income Residents
Park home living is a cost-effective solution, and there are additional financial support options available for those on a low income:
5. Protection from Care Home Funding Requirements
One of the biggest concerns for homeowners is whether they will have to sell their property to fund care home fees. Fortunately, park homes are classified as chattels (movable property), meaning the government cannot force their sale to cover care home costs. This allows residents to retain ownership and protect their assets for future generations.
6. Impressive Longevity
With proper care and maintenance, a well-built park home can last 50 years or more. Modern construction techniques, high-quality materials, and regular upkeep ensure that park homes remain comfortable and secure for decades. Our Pathfinder Homes are perfect for this as they are built to an incredibly high standard.
7. The Opportunity to Design Your Own Home
Many park operators offer the opportunity to bespoke design your home, allowing you to create a living space that perfectly suits your lifestyle and needs. Benefits of customising your park home include:
If you choose to bespoke a Pathfinder Home once you have found your plot, then we will work with you to create something beautiful and cater to all of your needs and desires.
8. A More Sustainable Lifestyle
Park homes often have a lower carbon footprint than traditional homes. With energy-efficient designs, smaller spaces to heat and cool, and reduced resource consumption, park home living is an eco-conscious choice for those looking to minimize their environmental impact.
At Pathfinder Homes, we believe in creating homes that offer not just comfort and style, but also incredible financial and practical advantages. Whether you're looking for a peaceful retreat, a more affordable way of living, or a sustainable home, park home living could be the perfect solution.
Interested in learning more? Contact us today and explore the possibilities of park home living!
Let’s build a brighter future.
