What to Consider When Buying Your Own Motorhome?

With the process of houses skyrocketing and so many young people struggling to grasp that first rung of the property ladder, could the answer lie on the open road? Living out of a motorhome might initially have been seen as a little suspect and uncomfortable but have you seen what modern motorhomes look like these days?

But, of course, before you cast off the shackles of your mortgage entirely, you might want to test the waters first and figure out if life in a motorhome is for you. Let’s start by picking apart financing options before moving onto the exciting stuff!


Financing Your Motorhome

Of course, this is a major purchasing decision that should not be taken lightly. First, assess whether owning a motorhome fits within your budget and how frequently you plan to use it. If it’s only going to sit in the driveway for 11 months of the year, then it might not be the option for you.

A good middle option ground for those who don’t want to sell their homes yet could be equity release. Use an equity release calculator to figure out how much equity you could potentially leverage in your home, releasing funds to purchase the motorhome of your dreams. Alternatively, you could explore loan options or tap into your personal savings.


Choosing the Right Motorhome

Understanding the variations in size, amenities, and features is crucial in finding the motorhome that best suits your needs and desires. Whether you’re looking for a cuddly compact campervan or a spacious motorhome behemoth with all the comforts of home, researching your options will help you make a more informed and practical decision.


Assessing the Kitchen and Dining Area

For those who relish the idea of cooking while on the road, the motorhome’s kitchen and dining area are vital considerations. Look for motorhomes with well-equipped kitchens that offer ovens, refrigerators and ample storage space. A comfortable dining area can also really enhance your travel experience, making mealtimes a true joy rather than a burden. And then there’s the BBQ!


Evaluating Storage and Bed Space

The number of people you plan to travel with, whether it’s a partner, family, or even your mates, should directly influence your choice of motorhome. Assess the overall storage space and, of course, don’t forget to consider the sleeping arrangements. Some motorhomes offer spacious double beds, while others have bunk beds or convertible seating arrangements. Select a layout that meets your needs and remember that a good night’s sleep is going to be crucial when you’re driving from site to site.

For a fraction of the price of a house in even an undesirable suburban town, you could be driving away in a castle on wheels with all mod cons but that castle will come at a cost. While the idea of owning a motorhome might be incredibly exciting, think long and hard and examine all your financial options before ploughing ahead with it. Because once you’ve felt the pull of the open road, it can be hard to go back to ‘civilian’ life.