Are static caravans a good investment?

Are static caravans a good investment?

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So, you’re thinking of buying a static caravan? That’s great, you’ve made the first step. So, what’s holding you back? Is it the idea of making a large monetary investment in a one-off purchase? It’s ok, we get it. Here at Haven, we’re proud of the reasonable prices we put on our range of top-quality caravans.  

Even still, it might be a large chunk of your savings to splash at one time. You may well end up asking yourself – are static caravans a good investment? In this article, we’ll be discussing some of the various reasons that caravans are indeed a good investment! There are many aspects, from the money you’ll save on accommodation elsewhere to the lucrative income that can be earned from renting your holiday home out! 

Resale value

Resale value

We won’t lie to you, buying a caravan is not a financial investment in the same way that say, purchasing a house on the standard property market is. In fact, a better comparison would be buying a car as static caravans actually depreciate in value over time. The rate of depreciation works out at an estimated 15% per year. This means that on reselling your caravan, you may receive significantly less than you paid for it. But owning a holiday home should not be thought of as a financial investment. It’s all about lifestyle and the priceless memories that come with it. Let’s see why. 

Investing in a new lifestyle 

Investing in a new lifestyle 

Imagine enjoying a morning coffee from your own kitchen while listening to the waves lap against the shore or cosying up on the sofa while it rains outside with no annoying check out times to think about the next day. This dream can be a reality if you purchase a caravan and secure a slot at any one of our 38 parks based in stunning locations up and down the Great British coastline. Investing in a static caravan doesn’t just get you a delightful property and a project to work on; it also gives you direct access to some of the most naturally beautiful areas of the UK. 

With recent uncertainty and added hassle attached to travelling abroad, owning a static caravan is becoming increasingly popular with an ever-diversifying spectrum of people. But this isn’t a surprise. Who wouldn’t want the ability to go away at the drop of a hat? As a static caravan owner, you’ll find that all the troublesome parts of going away are suddenly history. 

No more scrolling through hotel price comparison sites, cancelled flight anxiety and rip-off currency exchanges. Instead, you can enjoy the simple pleasures such as a home-cooked meal and playing board games with loved ones in your very own holiday home. What’s more, our holiday parks are dog friendly too, so you don’t have to worry about abandoning your canine pal at home! 

In what ways are static caravans cost-effective? 

In what ways are static caravans cost-effective? 

Booking your next getaway can be a real thrill, but nothing spoils the mood than looking at your bank account afterwards, having paid for an expensive hotel. This is perhaps the single greatest function of the static caravan: it is an excellent way to save on money that would otherwise be wasted on accommodation. 

Static caravans from Haven start at very competitive prices, and with Haven finance you only have to deposit 10% of the price. So, it’s often much more affordable than people think. More to the point, think of all the money you’ll save if you go to your caravan every weekend rather than splashing out on hotels. This is an especially good investment if you think of the lifespan of a static caravan which can be well over 30 years if looked after correctly. At Haven, we impose no limit on how long you can keep your caravan on our sites, so you can get every penny’s worth of enjoyment out of your investment over the years. 

Renting out your static caravan

Renting out your static caravan

Another great way of seeing some monetary returns on your static caravan investment is to let it out to holidaymakers. At Haven, our ‘Simply Letting’ service allows you to easily rent out your holiday home, in full confidence that our trustworthy team will organise the bookings and ensure your holiday home is cleaned and looked after. 

You can choose between our FIXED service that will guarantee income for every date that we agree to let your holiday home for you, and our new FLEXI letting service that gives you the chance to earn more in peak periods. Alternatively, you can also choose to let out your holiday home privately should you prefer the freedom that this affords you. Whichever route you go down, having this option of a passive income from rent to offset other caravan costs is certainly one of the main things that makes a static caravan a great investment. 

If you have questions about buying a holiday home, please don't hesitate to contact us. We'd love to hear from you.

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