WHAT COSTS ARE INVOLVED WHEN BUYING A LODGE?
Investing in a holiday lodge can be an exciting prospect but it’s very important to understand the costs involved in achieving your dream.
There are many different factors to consider when buying; here we take a look at the costs involved and the differences between buying on a park or on your own land.
BUYING A LODGE ON A PARK
If you are buying a lodge to be sited on a park you will usually be given a turnkey price. The turnkey price will generally include (depending on the park), the lodge, fixtures, fittings, carpets and furniture, transport and siting, commissioning for plumbing and electric, skirting around the bottom of the lodge, steps to the front and back doors, parking space, landscaped garden and even decking!
The location of the park where you choose to have your lodge affects the price. Parks in popular areas such as the south of England or the Lake District, carry a premium. Also, parks that are near lakes, rivers, the coast or waterways are usually pricier.
Something to remember when buying your dream lodge is that, unlike a house, there is no stamp duty to pay.
BUYING A LODGE FOR USE ON YOUR OWN LAND
A huge benefit to having a lodge on your own land is that you will have minimum outgoing costs as you will own everything. If you decide to buy a lodge and place it on your own land, here is a breakdown of what you could expect to pay.
|COST OF YOUR LODGE||The price will depend on what model you choose, the size and fixtures and fittings.|
|DELIVERY & SITING FEES||These fees depend on where you want your lodge delivered.|
|PLANNING PERMISSION||You will need to apply to your Local Authority. Costs vary depending on where you are in the country.|
|INFRASTRUCTURE & SERVICES||
Your lodge will need to be sited on a base and plumbing, heating and electricity will need to be installed.
Costs could include a driveway, paths, garden, decking etc.
Buying a lodge is a big decision so you need to make sure the lodge and park (if you’re looking to buy on park), is just right. You need to ensure that plenty of research is done and you are confident with the location of the park, your individual requirements with the lodge and the costs involved.