13-07-15, 04:59 PM
Quote:Pitfalls, oh yes:
1. Greedy landowners who will only allow them onsite up to (say) a maximum of 10 years old, then you'd suddenly have an asset that has depreciated a vast amount, and the cost of selling it outweighs any advantage.
It's not as if you can attach it to a car or small van to remove it of their site is it?....You need specialist transport and that's going to cost loads.
2. Check how many weeks of the year you are allowed onsite? That was another determining factor why I said no.
3. Who manages it, and what insurance is allowed by landowner?
4. Monthly or annual fees payable to landowner, and when are the increase due?
5. Are they about to sell the site and you see a massive increase in rent?
My grandparents had one which was over 10 years old and the site owners wanted to upgrade the field they were on meaning it had to be move to a new field. Suddenly the 10 year old rule came up and they ended up buying a newer one.
Other pitfalls are contract related too.
Some only allow you to sell back to them or take a massive commission on any other sales meaning a van bought today for £30K is only worth £10K in the bank to you in 12 months time.
As has been said above too, how many weeks are you allowed to use it? Even if it is all year round (unlikely) the on-site shop, bar, gas outlet etc will be shut.
Some don't allow you to rent it out unless it's through their booking office with a massive commission.
Annual ground rent can be prohibitive.
Gas can only be purchased through them at a massive mark up compared to the local Calor Gas outlet.
You are better off digging a hole and throwing your money in it. Alternatively, if you want a challenge and an eventual profit, buy a house in France.
Another ex-Fazer rider that is a foccer again