We sold our 3-bed house to live in a static caravan with 3 kids – we only work 4 hours a day & bills cost £650 a month
A MUM has revealed how her family sold their three-bedroom house and purchased a static caravan with the profit they made.
Katie - who calls herself The Caravan Mum on TikTok - explained that she and her partner sold their former house for £195,000.
After deducting the additional costs, including the maintenance and the mortgage, the couple realised they had made a whopping £10k in profit.
The thrifty parents then used the money to help them purchase a static caravan, where they now live with their kids.
Although some may seem caravans ''as not a financial investment'', Katie reckoned there are several reasons first-time buyers should opt for a static caravan instead of a regular property.
''Yeah, I get it - caravans depreciate. However, in terms of the grand scheme of how much a house costs as opposed to a caravan, it's quite good.''
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She went on in the video: ''If you buy a house outright, you're going to need about a £25,000 deposit - this is just for the average UK house price.
''Based upon all your bills, your council tax, your water, your electric, your insurance, you're probably paying £1,500 every single month - and that's for your mortgage included as well.''
Meanwhile, the mother claimed that to get a static caravan you will need £25,000 - however, the other feels are allegedly significantly lower.
''Based upon the static caravan fees for the average across the UK, it's about £5,000, so about £500 per month.''
On top of this, Katie also forks out £150 for gas, electricity - while the water and council tax are already included.
''Your water and your council tax are included essentially - you don't have to pay council tax on a static caravan site.''
In total, Katie told her followers, the family pay just £650 a month to live in a static caravan.
If you are to add insurance on, the costs will ''go up a little bit''.
''But essentially, you're saving around £650 every month from living in a caravan.''
This means, that a year later you will have saved a whopping £7,800 - or ''nearly £40k'' in five years.
''You've got the deposit for a house - and more.''
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Katie went on: ''I am not saying that a caravan is a financial investment and I am not saying that it is better than a house.
''But it is short-term gains and long-term depreciation.
''If you are struggling to save money to buy a house then a caravan is a perfect option.''
According to Katie, this way of living has enabled her to have her ''highest financial month'' on her terms, working just four hours a day with her social media management clients.
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''This is why I am so adamant when I talk about caravan life and living the way that you want to live, without the restrictions of the system and the government.
''Even though [...] you do have to comply to a degree - as I do - you can still do it, you have control of your life.''