The Pros and Cons of Buying a Lodge

Pros and cons of buying a lodge

Buying a lodge can be an exciting investment that offers a wealth of personal benefits if used as your very own retreat for relaxation or family getaways.

Of course, owning a lodge isn’t all sunshine and rainbows. You’ll need to be prepared to handle the costs of maintenance and upkeep, including any necessary repairs or upgrades.

But don’t worry – we’re here to help. In this article, we’ll weigh up the pros and cons of buying a lodge, so you can make an informed decision about whether it’s the right investment for you.

Pros of owning a lodge


Improved lifestyle

Owning a lodge offers a range of lifestyle benefits that can enhance your overall well-being. The cosy ambiance provides the perfect setting for quality time with family and friends, whether it’s going on hikes, day trips to the beach, playing board games, enjoying a meal together, or simply relaxing by the fireplace.

A lodge can provide a sense of adventure and exploration, with opportunities for outdoor activities like hiking, golf, skiing, and fishing. They are often located in peaceful settings surrounded by nature which has been scientifically shown to reduce stress, boost mood and improve sleep quality, making a lodge the perfect escape from the hustle and bustle of everyday life.

Enjoy regular staycations

Owning a holiday lodge provides a perfect opportunity for staycations. Instead of going abroad for your holiday, you can explore different regions of your own country and immerse yourself in the local culture. This is especially appealing for those who prefer to avoid the hassle and cost of traveling overseas. With a holiday lodge, you can visit nearby attractions, try local cuisines, and experience the natural beauty of your own country.

In addition, owning a lodge can offer flexibility and spontaneity. If you suddenly have a free weekend, you can easily pack your bags and head to your lodge without worrying about booking accommodations or finding available flights. This can also be a great option for those with unpredictable work schedules or family obligations, as you can plan your getaways around your schedule without having to worry about availability or cost.

Cheaper than running a second home

When you’re in the market for a holiday home, a lodge offers a more affordable investment than a traditional holiday home since its maintenance costs are typically lower (when compared to say a historic cottage). Contemporary lodges are designed to be energy-efficient, which can help you save money in the long run. Plus, most lodges come with all the essential amenities, such as on-site Wi-Fi and already-furnished living spaces, so you won’t have to spend additional money on furniture or appliances.

What’s more, you won’t have to worry about additional expenses like stamp duties or council taxes, and compared to the lengthy buying process that comes with purchasing a second home, buying a lodge is much easier and faster. Simply choose the lodge you like and complete the deal.

Endless staycations - a pro of owning a lodge


Rental income

Generating extra income by renting out your holiday lodge can be a wise decision, but there are essential factors that you must consider first.

One important aspect is the location of your lodge. A lodge situated near popular tourist destinations such as ski resorts or national parks may attract more potential renters.

Additionally, amenities can also increase the value of your rental. For instance, offering features like hot tubs, fireplaces, or hiking trails can make your lodge more appealing. However, it’s crucial to evaluate the cost of adding amenities against the potential increase in rental income to ensure that it is a sound investment. Set the price too high and you risk deterring potential renters, but if you set the price too low, you could be leaving money on the table. Research the rental rates in your area and consider factors such as seasonality and demand to help determine the best pricing strategy.

You may also be surprised to know that renting out a lodge can offer tax benefits. For instance, you can deduct certain expenses like mortgage interest, property taxes, and maintenance costs related to your rental property. You can also claim depreciation, which lets you deduct a portion of the property’s value over time. However, vacation rental properties have their own set of tax laws that you need to be aware of, so it’s always a good idea to speak with a tax professional to get a clear understanding of your options and make sure you’re following all applicable laws.


A sense of community

Many holiday parks where lodges are located offer a unique sense of community. Being part of a holiday park means having access to shared facilities and activities, which can provide opportunities to interact with other lodge owners and create new friendships. From shared barbecue areas to organised events and activities, there are many opportunities to socialise and build relationships with like-minded individuals who share your love for nature and the outdoors.

Holiday parks often have a security team and gated entrances, providing a safe and secure environment for lodge owners and their families. This can be particularly beneficial if you plan to use your lodge as a holiday home, as you have the peace of mind that your property is secure while you’re away.

Cons of owning a lodge

Hidden costs

One of the biggest disadvantages of owning a lodge is the hidden costs involved. Apart from the initial purchase price, there are several ongoing expenses that need to be taken into account, such as property taxes, insurance, and site fees. Lodge owners should be prepared to spend money on yearly pitch fees ranging from £2.5-5k, depending on management options.

If you plan to rent out your lodge, you will also have additional expenses related to marketing the rental property, managing bookings, and cleaning after each guest leaves.

We recommended creating a detailed budget that includes all of the expenses involved in owning and maintaining the property, as well as the potential income from renting it out, to determine if it’s a financially feasible investment.

Easy maintenance you just enjoy the view


Maintenance and upkeep

Owning a lodge is a rewarding experience, but it will also require maintenance.

Keep a budget in place to cover heating, lighting, boiler maintenance and any unexpected repairs that might crop up.


Seasonal closures

It’s worth noting that some lodge parks may have shorter seasons than others, which can be a downside for owners looking to make the most of their investment.

Some parks (not us here at Oak View!) may be closed for several months during the year, which could mean missing out on opportunities to spend holidays or weekends away in your lodge.

To avoid disappointment, it’s important to research and fully understand the season length of a lodge park before making a purchase. This can help ensure that your expectations align with what the park has to offer so you can use your lodge as much as you’d like.

Depreciation in value

One of the biggest challenges you may face is depreciation, which can cause the value of your property to decrease over time due to factors like wear and tear, location, and upkeep.

Older lodges tend to lose value faster than newer ones, and the location can also play a big role. If you buy a lodge in a popular area with high demand for holiday accommodation, it’s more likely to hold its value than one in a less desirable location. A well-maintained property, even if it’s not brand new, can hold its value for longer.

Before investing in a holiday lodge, it’s essential to assess these variables and conduct thorough research on the location, age, and condition of the property, as well as analysing market trends, to make an informed decision.