« Back

Why Buy Retirement Homes?

July 1, 2021 3:45 pm

Category:

Park homes are luxurious, fully furnished homes and retirement centers all in one location. Park homes can be bought as stand-alone homes or part of large developments. It’s no surprise that they are among the most popular homes to buy in the UK today. If you are considering purchasing a home suitable for retirement you might want to look at Residential Park Homes from companies like Park Home Life.

It is true that retirement flats can be a great option for those who want the security of a home but also the freedom of working at home. The downside however is that they do cost much more than a stand-alone house or bungalow. Residential park homes are sold as stand-alone homes and are managed by a council. When you purchase a residential flat you are actually renting a part of a development which will include the flat itself, two to three bedrooms, an attic, kitchen, patio and more. In other words your flat will be situated in a new development that you have never seen before; you won’t have any previous knowledge of the home and the people living in it.

Image credit

Although you may think your monthly payments will be quite high when you are buying residential park homes, think of the money you will save in council tax over your entire life. Council tax pays for the building, maintenance, electricity and gas. On top of that you will also save on travel costs, car insurance, travel time to local attractions, and annual holidays to family members’ houses. Not to mention the thousands you will save on interest payments over your lifetime.

« Back