Residential properties have gone up in price significantly with each passing year. So much so, that ownership of traditional brick and mortar housing no longer the best use of peoples money and savings anymore, in fact many people are finding themselves equity rich and cash poor. However, alternatives to conventional housing methods are gaining popularity amongst people looking to change this.
One of those alternatives are park bungalows. Park bungalows are detached properties manufactured off-site and then placed on land owned and managed by park operators. They are steadily gaining ground in the property market due to their significant advantages compared to conventional housing. Many analysts believe that as the housing market continues to become exclusionary, alternatives like park bungalows will emerge triumphant due to their benefits. Some have even said that park bungalows might be the new normal in for the over 50’s in the upcoming years.
We firmly believe that park homes and lodges are the future due to their affordability, energy efficiency, and less demand for upkeep. Continue reading if you want to learn more about park bungalows and there advantages compared to traditional housing.
Park Bungalows are More Affordable
One major reason park bungalows why are the future of the retired and semi-retired is the massive difference in price point compared to traditional housing. Without regulation, the current housing market has made owning a home almost impossible to justify for people, and renting does not provide the control people want over their living situation. Park bungalows provide an opportunity to own your living space and a respite from the usual landlord system that leaves a lot of residents frustrated.
Park Bungalows Provide Better Quality of Life
Park Bungalows are located in stunning natural spaces across the UK, providing views you are definitely not getting in an urban setting. Being closer to nature has a significant positive effect on your physical and mental health. Many are also located as a community. Therefore, relocating to a park bungalow is a great way to find a new community for retired individuals.
Park Bungalows are More Energy Efficient
Park Bungalows are manufactured off-site. Therefore, constructors take great care in insulating the wooden frames of the houses. As a result, they are warmer than regular homes. Coupled with energy-efficient heating systems, energy bills for park bungalows are significantly lower when compared to traditional housing.
Park Bungalows Come Under Lower Council Tax Band.
Due to their affordability, park bungalows fall under the cheaper council tax band. This means residents of park homes have to pay significantly less council tax than their counterparts living in traditional properties. This can help residents save lots of money and spend it on their passions instead.
Final Thoughts
Park Bungalows are ideal living situations for most people, but they are especially suitable for retired individuals looking to start a new chapter in their lives. With all the aforementioned benefits, these retirees can spend their years closer to nature in a close-knit community without all the financial strain brought on by traditional housing. All these reasons contribute to the fast-growing popularity of park bungalows, and they will well and truly be the future of peoples retirement plans soon enough.
