Is building your own home better than simply moving house?
For those considering moving home in the UK it can seem difficult, as property prices continue to rise. This is making it difficult to move house, especially for first time buyers to get on the property ladder and for second time buyers to find the property they desire.
That is why now over 15,000 people a year in the UK are deciding the best way to get the home of their dreams, it to design it and build it themselves. Ever wanted a swimming pool, his and her bathrooms or even a home cinema, these can all be achieved when building your own home! However most of the developments are not too extravagant and would not stand out in your average housing estate.
Most people buy a plot of land, then hire professional architects and builders to do all the physical work for them – this is the most sensible idea unless you are competent in such things. However, by avoiding the large profit margins of developers, people can save tens of thousands of pounds.
By building your own home you are essentially working with a blank canvas and can get creative with design and space, all within budget and building regulations of course. Furthermore, you can incorporate all the latest high performing eco-friendly materials and techniques into your build.
However, this approach is not for the faint-hearted and meticulous planning should be involved throughout all stages. Initially it can be difficult to get funding, as banks and other mortgage lenders see building your own home as a massive risk. However, it is still possible to get funding and building societies tend to be easier to borrow from on such projects.
Sticking with realistic and affordable budgets is essential, as unexpected costs and over-expenditure can quickly spiral out of control. Project management becomes crucial trying to keep the build on time will also help reduce excess costs. Finally, it is imperative you have a professional and dependable team with you who are competent and will be with you until the build is complete.