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Got a question about downsizing? Simon Sleep, senior business development manager for Willerby Bespoke is here to answer your questions - £200 voucher to be won

(82 Posts)
CeriGransnet (GNHQ) Wed 20-Oct-21 11:07:30

Created for Willerby Bespoke

THIS Q&A IS NOW CLOSED FOR QUESTIONS. YOU CAN VIEW SIMON'S ANSWERS ON PAGE 2 ONWARDS.

There’s a lot to consider when thinking about downsizing your home later on in life, from finance to community and lifestyle. If you have a question about downsizing or park home living, post it below and you could win a £200 voucher:

-Everyone who shares a question on the thread below by 3 November will be entered into a prize draw
-One lucky Gransnet user will win a £200 voucher for a store of their choice
-Simon Sleep will be back on 11 November to answer a selection of your questions

About Simon Sleep
Simon Sleep is the senior business development manager for Willerby Bespoke park homes and lodges. With over 20 years of experience within the industry, there's not much Simon doesn't know about park homes. Simon has dedicated his career to designing homes that make the customer's dreams a reality. He understands that park homes are more than just a home, they're a lifestyle!

Here’s what Willerby Bespoke have to say
“If you are looking for a more relaxed lifestyle, lived at a pace to suit you, in a community of like-minded people, then a park home could be the perfect answer. Here at Willerby Bespoke, we place you at the heart of your home creating a truly unique design that is tailored to suit you and your needs.”

Perhaps you’ve considered downsizing but you’re unsure if it’s the right decision for you? You may be interested in finding out how much equity you could release, or maybe you’d just like some more information on the processes involved in moving? Whatever your question on downsizing may be, post it below for Simon to answer.

Thanks and good luck!

GNHQ
Gransnet T+Cs apply

SimonWillerbyBespoke Thu 11-Nov-21 17:04:52

Authoress

What exactly is a park home?

Hi @Authoress, Park homes are detached bungalow-style homes that are located on residential parks. They're chassis built properties, often built in two halves manufactured offsite before being carefully transported and sited in your chosen location. Willerby park homes are completley bespoke meaning are tailored to suit both your style and your lifestyle.

SimonWillerbyBespoke Thu 11-Nov-21 17:04:28

Hetty58

I suppose park homes are 'short term leasehold' as the park owners have freehold of the land? What sort of charges apply for park maintenance?

I've heard that utilities are bought from park owners, with no choice of company or price - as part of the contract. How do costs compare with average domestic rates?

As the homes deteriorate/devalue in the same way as vehicles do, what contract 'lifespan' do they have before a new one has to be purchased?

Hi @Hetty58, Park homes are neither leasehold or freehold as the land they are situated on remains the property of the site owner. The park home itself is yours outright however the land itself is not, so under the terms of your site agreement, you pay an annual ‘ground rent’ on the land. This is a monthly fee paid to the park owner and often goes towards the upkeep of communal facilities such as electric gates and road lighting. The annual ground rent may increase over time however you are protected by the Mobile Homes Act 2013 it must not exceed the rate of RPI so there will be no nasty surprises plus any rent increases are always stated in writing with notice. Utility costs are comparably cheap and in most cases you have full control of who your energy supplier is to get the best rates. See our answer to @lexigran above for information on selling and depreciation.

SimonWillerbyBespoke Thu 11-Nov-21 17:03:51

lexigran

My concern with Park homes is that they don't keep their value as well as bricks and mortar. Is there a limit to how long you can keep it before replacing with a newer model?

Hi @Lexigran, It is a myth that park homes don't hold their value like bricks and mortar properties. Providing your home is sited on a fully licensed residential park and not a leisure or holiday park, it will actually appreciate in value like an ordinary house. Prices of park homes fall in line with local property prices so the area the home is situated will determine its value. On residential parks, there is no time limit (in years) on the lease of the plot which means the home and plot are owned by the resident in perpetuity. Leisure parks which have a different licence which has a limited timespan typically between 10 and 30 years. Willerby Park Homes are designed to last a lifetime so would never need to replace it.

SimonWillerbyBespoke Thu 11-Nov-21 17:02:23

Nashville

Willerby as the manufacturers of a park home would not be responsible for the running of the park presumably. How many years are your new park homes guaranteed for? Has Willerby any commercial links to a particular park home owner group?

Hi @Nashville, Willerby Bespoke only manufacture the park homes and do not own any or have legal affiliations with any park. This however does not mean you are not protected as a home owner. Along with your residential rights covered by the Mobile Homes Act, all our homes come with a 10 year GoldShield warranty (similar to the NHBC Buildmark warranty for new builds) so the home is guaranteed to last for at least that long. Willerby Park Homes are designed to last a lifetime when they are maintaned and the manufacturer guidance is followed.

SimonWillerbyBespoke Thu 11-Nov-21 17:01:44

mumofmadboys

What is the largest number of bedrooms park homes have?

Hi @mumofmadboys, Our park homes are fully bespoke, so in theory you can have as many bedrooms as you wish! Depending on the size of your park home, most homes have no more than two or three bedrooms, in order not compromise the size of the living space. We can create other rooms such as office spaces, craft rooms or utility rooms. We work with you to create a home that suits your lifestyle.

SimonWillerbyBespoke Thu 11-Nov-21 17:01:17

Lollin

I’ve heard heating a park home is expensive. How well insulated would you say the6 are compared to a bricks and mortar house?

Hi @Lollin, This is a fantastic question. Willerby Park Homes are all built to surpass BS3632 regulations, a British residential standard. For our internal walls we use Oslo Wall System™ which outperforms plasterboard on thermal efficiency, sound insulation, strength and durability. Our unique building methods keep our homes incredibly warm whilst keeping running costs to a minimum. Double glazing is standard in any park home.

SimonWillerbyBespoke Thu 11-Nov-21 17:00:48

Pythagoras

A widower friend recently moved into a park home and it is so enjoyable to visit there, lovely atmosphere, friendly people, no litter and beautiful gardens smile.

Are there any restrictions in the resale of a parkhome - generally speaking or with Willerby? What about bequeathing a park home - is it straightforward?

Hi @Pythagoras You're absolutely right, park home communities are wonderful places to live.

When it comes to selling a park home, this is done in the same way as selling any other property, normally through an estate agent who will advise an asking price which in line with local property prices. The park owner can also make you an offer however you are not obliged to accept it. When selling your park home, the park owner can take a maximum of 10% commission on the final sale price. If you bequeath your park home, no commission is payable if the successor inheriting it chooses to live there. Be aware that they would need to meet the park occupancy requirements (for example, be over 50 years old and have a maximum of 1 pet) plus pay all upkeep costs including utility bills and ground rent.

SimonWillerbyBespoke Thu 11-Nov-21 16:28:27

chris8888

It is all very overwhelming to think about moving. Packing up, getting new carpets, curtains etc. Leaving what you know, a room for a family member to stay. Changing bank/.gas, elec .
I can`t face it and I am sure I am not the only one.
In the ideal world I would go on holiday for a few weeks, come back and its all done.

Hi @chris8888, I completely understand that downsizing can often be quite daunting. The majority of the park homes we build have two bedrooms allowing you enough space for a family member to come stay and support you while you get used to your new surroundings

SimonWillerbyBespoke Thu 11-Nov-21 16:27:44

Grannynannywanny

I’m considering downsizing from my 4 bedroom house . I’ve no experience of selling a house as my previous home was a rental.

What are the advantages of park home living? Are there restrictions on who the house can be sold on to after I’m gone.

Hi @Grannynannywanny

Thanks for your questions. Park homes offer an affordable, low maintenance property solution, with low running costs and single-level living. They give you the opportunity to retreat to a beautiful, quieter location with like-minded, friendly communities of similar aged residents. Parks are safe and secure, many with gated entrances and park wardens on site for peace of mind. If you need help selling your existing property, many of the larger park operators have hassle free part exchange schemes, offering full market value for your home, with no estate agent or solicitor fees. Selling or passing down a park home follows the same process as selling a house

SimonWillerbyBespoke Thu 11-Nov-21 16:26:33

Hi everyone,

Thanks for posting so many great questions on this thread. I'll be starting to answer them this afternoon. I hope that you find the responses helpful and informative!

Simon

CeriGransnet (GNHQ) Tue 09-Nov-21 16:30:34

Thanks to everyone who posted a question. The winner of the prize draw is @GeminiJen. Congratulations!

Simon will be online later this week to answer a selection of your questions.

smile

Jinty64 Sun 07-Nov-21 14:17:16

I will be downsizing in the next couple of years. I don’t believe there are any park homes in our area at the moment but I’m sure that will change in the future.

My questions:-
I have a dog. Do park homes accept them?
Are there restrictions on people staying (length of time/ages)?

Barmeyoldbat Sun 07-Nov-21 10:19:08

I looked at living in a park Home but to be honest the monthly maintenance fee and the fact that when it comes to selling a percentage of the sale price goes to the sire owners.. I looked at a few and found I would still be paying all my utilities, council tax. And a monthly maintenance fee of around £120 which is allowed to be increased yearly. Also two of the sites didn’t allow pets. Not for me

Hellsbelles Sun 07-Nov-21 09:46:51

If you had what could be classed as a ' loud hobby ' let's say woodworking. Could you have a small shed and a few tools to carry it out ?

Granny23 Fri 05-Nov-21 15:13:52

I'm in the process of downsizing but did not consider a Park Home because A) there are none near our lovely village and B) the nearest one is in a lovely location but not on a bus route nor within walking distance of the nearest village/petrol station/shop. You would be trapped there if you could no longer afford and drive a car.

Allsorts Thu 04-Nov-21 07:12:01

Don’t trust leasehold, they can alter it when they choose. Also Park Management can change, resulting in different standards and maintenance costs, when you are downsizing, you are going to the lowest end of the market, if things go wrong where do you go, who will buy an older park home to release enough capital to do other than rent for tge remainder of your life. It all sounds precarious.

Holidayenthusiast Wed 03-Nov-21 04:58:53

How does one start the process of downsizing? We have amassed so much stuff I just wouldn’t know how to filter it all down to a more manageable amount.

poshpaws Tue 02-Nov-21 21:56:17

I've thought of downsizing, but will never part with my 4 small dogs and 5 cats. Would there be restrictions on pets in a park home or lodge? I've always just assumed no pets would be allowed.

Also, what about maintenance fees - what, if any, safeguards are in place to ensure that these don't have exorbitant rises each year?

Dizzywizz Tue 02-Nov-21 20:13:07

Hi, can you live in the park home all year round? And can you keep pets in them? Thanks

Kamiso Tue 02-Nov-21 18:07:01

I did know a couple who had to vacate the property for two months every year. Not really sure why. Possibly doable in your sixties but not so good once you become more doddery. Is this an issue with your properties?

Damdee Tue 02-Nov-21 17:17:31

Like others have asked 'what exactly IS a park home?' it would've been better if this was explained thoroughly at the start of this discussion. It sounds worth exploring.....

BettyBob Tue 02-Nov-21 16:12:33

Where are park home sites located? Are they in a town centres or further out? I don't have access to car so are they well linked up with public transport?

GeminiJen Mon 01-Nov-21 23:22:38

My view of park home living has been influenced by reading of where it's gone wrong: change of park management/ownership leading to requirements to replace older homes with new, increased charges and the like. Can you offer any reassurances that choosing this way of living is secure financially?

fishnships Sun 31-Oct-21 19:44:32

Are there any guarantees that essential costs won't rise above the rate of inflation? I am concerned that there could be relatively large sudden increases which would eat into disposable income.

Happiyogi Sun 31-Oct-21 15:38:21

Are park homes typically sited near the amenities a resident would need - healthcare, shops etc - or would a car be necessary?