27 April 2017
Holiday lodges have become increasingly popular in recent years because they offer both lifestyle and financial benefits. Families and couples have been snapping up lodges for sale so they can take regular breaks in their favourite part of the county, buying lodges in Scotland or the South West for example. 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. Below are some of the main reasons people choose to buy their own holiday lodge.
- Potential to generate rental income
- Low ongoing maintenance requirements
- Improved energy efficiency in modern lodges
- A straightforward buying process
- No Stamp Duty in many cases
1. Potential Rental Income
Many buyers purchase a holiday lodge primarily for personal use by family and friends. However, when the lodge is not in use, letting it out can provide a useful additional income stream. Recent data from Hoseasons suggests that, depending on location and season, owners may be able to achieve weekly rental income of around £700. If your lodge is on a holiday park, it is important to confirm whether subletting is permitted. Some park owners do not allow it, while others may support you by helping to market the lodge and manage bookings, usually for a fee.
2. Low Maintenance Costs
Holiday lodges are typically designed to be low maintenance. The materials used, the construction methods, and the single-storey layout all help reduce the likelihood of costly repairs and ongoing upkeep.
3. Better Energy Efficiency
When comparing lodges, it is worth asking manufacturers about energy performance. Lodges are built to recognised British and European standards. For example, a lodge built to BS 3632 benefits from significantly improved insulation, which can help reduce energy bills. By contrast, a Caravan Holiday Home built to EN 1647 follows a lower insulation standard and is generally intended for seasonal use only.
4. A Straightforward Buying Process
Buying a holiday lodge is often more straightforward than purchasing a traditional property. Many leading manufacturers guide buyers through the entire process, from choosing a holiday park in the right location to advising on siting the lodge, whether on a park or on private land. In many cases, the price also includes fitted bathrooms, kitchens, bedrooms, furniture, and flooring, making the purchase simpler and more convenient.ure, flooring etc within the price.
5. No Stamp Duty in Many Cases
In many cases, buying a lodge for personal holidays or for letting does not attract Stamp Duty in the same way as a traditional residential property. For the latest guidance, it is best to check the official government information available on GOV.UK.
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. If you are interested in jumping on this trend, take a look at our beautiful lodges for sale.
