What are the pros and cons of buying a holiday lodge?

There are many pros and cons to consider when buying a holiday lodge. Pros of investing in a holiday lodge include the potential for subletting income,  having your own personal space to holiday in, and a place to create many happy memories. Additionally, as a lodge owner, you’ll also get benefits and discounts. On the other hand, cons include the need for ongoing maintenance and upkeep and annual pitch fees.

Moreover, other pros can include, a lower cost than traditional bricks and mortar, and a wide range of designs and sizes. Plus, you can personalise your lodge with decking, and outside storage. Unlike the purchase process with a traditional home, there is no stamp duty to pay, and you don’t need a solicitor. Though you may choose to have one look over the paperwork before you commit to a purchase. What’s more, as you’ll often buy straight from the park there is no chain, and you can enjoy your first holiday in just a few weeks.

It’s important to carefully research the park you are looking to purchase and consider your own circumstances and financial situation before committing to a holiday lodge.

Lodge for sale devon

Should I buy a holiday lodge?

If it is a viable option for you, there are many pros to buying a holiday lodge including:

  1. Your Personal Holiday Home: A holiday lodge provides a spacious and comfortable place for family staycations and getaways. You’ll be able to personalise the lodge with your own home comforts.
  2. Subletting Income: A holiday lodge can generate income when you are not using it is used by renting it out to others for holiday use. At Beverley Holidays we use approved subletting Newmans, who will be able to provide you with advice on any potential letting income.
  3. Access to facilities: Many holiday lodges are located in holiday parks, like Beverley Holidays. Our Devon park location provides access to amenities such as indoor and outdoor swimming pools, adventure golf, and first-class evening entertainment.
  4. Sense of Community: Owning a holiday lodge can provide a sense of community and social interaction with other lodge owners and holidaymakers.
  5. Low-Maintenance Living: Many holiday lodges are designed for low-maintenance living, making them a popular choice for those who don’t want the hassle of maintaining a traditional brick-and-mortar holiday home.

Overall, buying a holiday lodge can be a great lifestyle investment, but it’s important to carefully consider your personal circumstances and financial situation before making a purchase.

 

Do lodges hold their value?

No. Holiday lodges do depreciate in value over time. This means that if you buy a lodge, and then sell it at a later stage, you will get less back than you paid for it. However, many new lodges have licenses of around 30 years, meaning you’ll be able to get a lifetime of enjoyment from them. When your licence is up, you will still own the lodge and would be able to move it to another location if you choose.

When balancing the pros and cons of lodge ownership, the depreciating value is the main consideration for most people. However, there are several steps you can take to help slow the decline in the value of your lodge:

  1. Maintenance: Regular maintenance and upkeep of your lodge are important to keep it in good condition and attract holidaymakers for subletting or buyers in the future.
  2. Location: Consider the location of your lodge, the holiday park it is sited on, and the surrounding area. If the park or area is undergoing positive changes and investments, such as new developments or increased tourism, it may positively impact the value of your lodge, and assist in the slowing of depreciation.

Remember that owning a holiday lodge is a long-term lifestyle investment, not a financial investment so it’s important to take a proactive approach to slow the rate of depreciation.

Why should I buy a holiday lodge in Devon?

You should consider Devon as a location to buy a holiday lodge if you love sandy beachy, activities, or just relaxing. With 22 miles of spectacular coastline, Torbay in particular is popular. Famed for Devonian red sandy beaches, stunning sea views, and first-class family attractions.

  1. Location: Devon is a popular tourist destination known for its scenic beauty, beaches, and natural landscapes, making it an attractive location for a holiday home. Plus, Torquay, Paignton, and Brixham are all easily accessible from the M5.
  2. Lifestyle: Owning a holiday home in Devon can offer a change of pace and provide a space for relaxation and recreation, as well as a convenient location for holidays and weekend getaways.
  3. Amenities: Many holiday lodges in Devon are part of larger holiday parks, which offer a range of amenities, such as swimming pools, restaurants, and recreational activities, providing a complete holiday experience for owners and guests.
  4. Climate: Devon enjoys a mild climate, making it a desirable location for those seeking a change from harsh winters or hot summers.

In conclusion, when looking at purchasing a holiday lodge, Devon is considered one of the best locations in the country!

If you are considering purchasing a holiday lodge, take a look at our holiday lodges for sale here or sign up for our mailing list to keep informed about new lodges.

View our holiday lodges for sale

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Cranleigh Lodge

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Sleeps 6

43ft x 14ft

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Swift Edmonton

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