27 April 2017
Holiday lodges have become a popular purchase over the past few years largely because of the leisure and financial benefits they bring. Families and couples have been buying lodges so they can take regular breaks in their favourite part of the county such as Scotland or the South West. Buying their own lodge can save them money in the long term as well as making new friends and the freedom to explore the area in detail. But what are the other benefits of buying your own holiday lodge?
Rental Income
Many people who buy holiday lodges do so for their own family and friends to use. However, many lodge owners rent out their lodge when they’re not using it. This can be a useful income for the lodge owner; recent data from Hoseasons shows owners could achieve weekly rents of circa £700, depending on the location of the lodge and the time of year. If your lodge is located on a holiday park you will need to check with the owners that sub-letting is allowed. Some park owners don’t allow it but many do and will even help you promote it and manage your bookings, usually for a fee.
Low Cost Maintenance
Holiday lodges are designed to be low maintenance by the lodge manufacturers. The materials chosen, the way they are constructed and the single story layout, all help to make expensive repairs unlikely.
Energy Efficient Lodges
When looking at different lodges to buy, ask the manufacturers how energy efficient their lodges are. Lodges are built to British and European standards, for example if you choose to buy a lodge built to BS 3632, you’ll have significantly improved insulation, saving money on energy bills. A Caravan Holiday Home on the other hand is built to EN 1647 standard which is a lower standard for insulation and only suitable for seasonal use.
Simple Process to Buy
Buying a holiday lodge is not normally a hugely complex purchase. Most of the leading lodge manufacturers will help you with the whole process from finding a holiday park in your desired area, to advice about siting your new lodge (or siting it on your own land) ready for you to start holidaying. Lodge manufacturers also generally include fitted bathrooms, kitchens, bedrooms, furniture, flooring etc within the price.
No Stamp Duty to Pay
Buying a lodge to use as a holiday home for personal use or to let doesn’t normally incur Stamp Duty as it does with a traditional property. For further information visit www.gov.uk.
Finally, we expect to see the trend for investing in holiday lodges continue for these reasons, especially with the demand for UK breaks increasing over the next few years from British and overseas holiday makers.