Thinking off (sort of ) full timing

Discussion in 'Full Timers' started by 6pm Cowboy, Sep 13, 2009.

  1. 6pm Cowboy

    6pm Cowboy Read Only Funster

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    Hi all. Bit of a serious post this time.

    I am debating with myself about the possibilities and feasability of more or less full timing for a few years when we get our motorhome. Deciding whether or not to do this may affect our choice of MH so I need to make a decision sometime soon.

    Retirement is coming up and I am not particularly looking forward to being confined to one place and spending all my time looking after the house/garden and its needs. I have only owned a house for the last 12 years ( tied accomodation before then ) and although it was a sort of lifetime dream I cannot say I am over enamoured with the hassle of it all. ( I may sell the house or rent it out, that is another decision for another time )

    I hope to ask all sorts of different questions in the thread ( as they occur to me ) and hope it will be interesting and informative to others in our position.

    Neither of us are as fit as we might be ( must do something about that ) and neither of us fair well in the cold and damp ( or extreme heat for that matter ) so my main thoughts are that we might spend most of the summer wilding here or hereabouts and move further south ( probably on a campsite ) for the winter.

    So, first off........ I am thinking about the economics of it all. A decent MH costs a fair bit but then I assume there would be other 'lost' expenses that may offset it to some degree. ie, I guess we wouldn't be paying council tax.

    What other savings are we likely to make that I could factor into the equation ?
     
  2. old-mo

    old-mo Funster Extra Special Life Member

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    Cannot speak regarding full timing,, but can re selling up and disposing of bricks and mortar in this country,, we did and it was only by shear luck when the living abroad did not suit us that we were able to get back into the UK housing..

    Spose what I am trying to say is,, if you can afford to, rent out your house but dont give up your bricks and morter over here. :thumb:
     
  3. 6pm Cowboy

    6pm Cowboy Read Only Funster

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    Thanks `Old Mo'

    As far as the house goes I think I probably have three options.
    1.... Rent out while we are away ( with the risks involved )
    2.... Sell up and let the council worry about housing us when we get to old and come back ( tounge in cheek )
    3.... Sell up, get a small flat and let til we come back.

    But, as I say, One thing at a time :Smile:
     
  4. scotjimland

    scotjimland Funster Life Member

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    I can speak as a full timer going back to a house and totally agree with Mo .. it's not easy .. be aware.. you are not eligible for social housing if you make yourself homeless..

    but come off a ferry with a suitcase and you are welcomed with open arms.. :RollEyes:

    If at all possible keep a UK base and it will make life soooo much easier

    jim
     
  5. old-mo

    old-mo Funster Extra Special Life Member

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    I would go for 1 or 3,, put it in the hands of a good agent, admittedly they will take a good lump of your income but go with an agent that keeps an eye on things and get it written in the contract that it is left in as good a state as when you handed over.. and that they do monthly checks.. after all it is your premisses and they are getting paid to look after your interests.

    Number 2,, you would probably get stuck in some grotty B&B,, there are not enough houses/flats to go around now,, let alone a few years down the line.. imho.
     
  6. old-mo

    old-mo Funster Extra Special Life Member

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    Solution "Jim" unless you are sorted,,

    Move into my place for 5-6 months while we are away,, peppercorn rent,, we come back and evict you and council give you a nice house or gives you time to look around,, ready made parking for your RV till you sell.. jobs a good un,, house sitter for her in doors is fish.. :Wink::thumb:

    sorry thread high jack.. :Blush:
     
  7. scotjimland

    scotjimland Funster Life Member

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    nice offer Mo .. .. thanks , but we are sorted after many hoops and hurdles.. move next week

    jim
     
  8. 6pm Cowboy

    6pm Cowboy Read Only Funster

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    No problems, always happens. :Smile:

    But to get it back on target......

    What else would I be saving on ?
    Like maybe..... If I spent the winter in.... (spain ? ) I wouldn't need to worry about heating costs ?
     
  9. pappajohn

    pappajohn Funster Life Member

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    shirl looked into this option as opposed to selling her investment flat.

    all done through a local company.....they want 30% of first months rent to set up and vet a tenent.

    if she wants them to be ongoing agents ie...collect rent, arrange repairs etc it will cost her 10% of monthly rent.

    worked out around £50 per month.

    she decided to sell instead.
     
  10. old-mo

    old-mo Funster Extra Special Life Member

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    It can get very cold down south,, at night down to 5-6 deg at night,winter time, plus you get acclimaticed after a few weeks, and end up putting the heater/fire on some times during the day..

    Overall I would say with campsite fee`s etc it is not that much cheaper if you want to live as you do in this country, couple of pints/days out/ petrol-diesel etc..

    but if you just want to chill out it can be a little cheaper,,, live as the locals do food wise and cheap plonk yes it is cheaper,, but how many britts go abroad and do away with there home comforts..

    I think the majority go to get away from our long cold wet chilly days and nights..

    I know that is what I am looking forwards to. :thumb:
     
  11. 6pm Cowboy

    6pm Cowboy Read Only Funster

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    That doesn't sound so bad for the peace of mind it brings. Rest of rent would be a nice extra income and still have a flat to come back to.
     
  12. Bulletguy

    Bulletguy Read Only Funster

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    Likewise here also 'cowboy'. Been considering the possibility a while now though do have other 'irons in the fire'.

    I'm also approaching retirement and quite possibly early....if i manage to get lucky and take a redundancy.

    There have been a number of threads on fulltiming, many of whom seemed to be looking through 'rose tinted glasses' at it so i started a thread concerning the downside to fulltiming. It went on for quite a while with many posters and proved very interesting.

    Through that thread i have remained in touch with a guy who is fulltiming and the best advice he gave me was to never treat it as a holiday. It's a 'lifestyle'.

    Insuring the vehicle seems to be the biggest obstacle as companies want you to have a residential address, which, if you have sold your house you won't have an address! There are ways 'n means of getting around this of course though it's not quite as simple as some will have you believe. Always remember that a false declaration to your insurance company could result in them voiding the policy. Not very funny when you have a few grands worth of motorhome smacked up on the side of a road when that is your home!

    As for costs, if you are not very careful you can run up expenses close to that of living in bricks 'n mortar. Some insurance figures i've seen quoted are not that far off what i pay in council tax. And as you probably already know you can pay anything from £5 grand up to six figure 'silly money' for a motorhome.
     
  13. 6pm Cowboy

    6pm Cowboy Read Only Funster

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    Thanks Bulletguy. All valid points.

    Fulltiming is a term much used on here so that is the one I used. The way I see it is that we will be retired and own a motorhome anyway ( we will get one regardless ) so it makes good sense to me to think about fulfilling a dream while I can still see enough to enjoy it and spend some time sight seeing and enjoying some warmer winters.

    We can still have an english address with some relative or other and would probably keep a flat here ( rented out ) so we could look at it as several lonnnng trips a year rather than actually 'fultiming' if we needed to work it that way.

    Still thinking about the economics of it all though and comments on that seem hard to come by :BigGrin:
     
  14. scotjimland

    scotjimland Funster Life Member

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    I think that's because we all have different budgets, life styles and expectations ..

    All inclusive ball park figure £12 - £14k per year and that's not being extravagant ..

    some will do it cheaper others more .. how long is a piece of string ..


    jim
     
  15. Bulletguy

    Bulletguy Read Only Funster

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    Ah.....that throws a totally different light on things cowboy! Sorry if i misunderstood your initial post!

    So basically you are retiring, possibly have a residential address to live at (if required), and buying a motorhome to take trips in.

    The 'economics' for you are therefore quite simple......tax, normal insurance, fuel bill plus an unlimited breakdown cover (some limit the length of stay outside the UK to 21 days). Job done!
     
  16. 6pm Cowboy

    6pm Cowboy Read Only Funster

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    Its more about the differences rather than the actual costs involved Jim.

    I can figure out the obvious savings of fultiming that come immediately to mind like not paying council tax and saving on heating costs if spending the winter somewhere warmer..... but there are probably others that dont come immediately to mind.

    And, of course, other expenses that aren't so obvious.
     
  17. Bulletguy

    Bulletguy Read Only Funster

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    Quite Jim!!

    Some seem to have extreeeeemly long pieces of string.....along with motorhomes that don't seem to go out very often! :Laughing:
     
  18. adenough

    adenough Read Only Funster

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    If it is just a question of spending the winter in a warmer climate on one site I do not see the economic sense in RVing it. You can rent a very nice apartment in Southern Spain, long let, for the price of site rental without having to spend £1200ish in journey costs there and back plus insurance etc. If you actually tour [which is surely the point of owning an RV]then it is a completely different scenario but then of course your fuel, toll, site fees go up unless you wildcamp but surely that would be more difficult with a larget RV. Worth gathering all the info on this site before making such a big, possible, lifechanging decision.
    Jim:Smile:
     
  19. vwalan

    vwalan Funster

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    adenough is correct. if you want to be static in spain rent an apartment. using sites is a mugs game most are not cheap. wild camping can be alot cheaper. but spain is not exactly hot in winter ,can be very cold at night .deep snow if not by the coast. i have been doing winters away for years and think two of you living carefull need about 3to 4 grand to winter in spain ,possibly 600 quid more if you cross to maroc. it all went up alot last year with the falling pound. yes it is possible to do it cheaper but come on we want a life. also i always say you need a further 3to 4 put by for the bad things like breakdowns etc. if you go with out it you just end up one of the scroungy brits that frequent southern spain. lots have trieed to do it on a shoestring most dont make it. but saying that have fun there,s thousands down there .
     
  20. barryd

    barryd Read Only Funster

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    This is our dream as well and have discussed this quite a lot with many of the chaps in this thread. We recently did a 3 month trial run in the summer to see if we liked being in the van for a long period and most importantly to get an idea of costs. We stayed mainly in France but also Switzerland, ITaly, Germany and Belgium. We spent just over £3K in 3 months so the estimate of £12-14K seems in line with that. There is always emergencies though for example the bike broke down, cost £100 or so to fix, I had to have a trip to the dentist, another £300 (should be able to claim most if it back though). We did too many miles though and if we were full time we would do much less so would probably nock a good chunk off the monthly expenses but and this is a big but we never used campsites and I think in three months we only spent about £140 on Aires, Stellplatz fees, service post charges etc. If your going on big posh campsites they can prove expensive especially if you move around a lot. Why anyone without kids would want to stay on a campsite in Europe (well FRance for definate) is beyond me though. Not sure how our costs would compare in the winter as we havent done a winter yet. Will use more LPG but that costs next to nothing but would probably do even less miles. Depending on work we may try and get away this winter for 3 months but its looking a bit dodgy at the moment.
     
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