While many people buy existing properties, others build their own. A self-build might seem like a lot of hassle, but it could have many perks. Below are some of the great reasons to consider building your own home.
Building a home could be more affordable than you think
The average self-builder spends £270,000 building a home. This doesn’t include the cost of buying land, which costs an average of £190,000. This brings the average cost to about £460,000.
This may sound like a lot, but remember – this is just the average. You can build a decent three-bedroom house for less than £90,000 and you can buy good land for less than £100,000. It all depends on the type of land you buy and the features that you want to include in your home.
Just as you are able to take out a mortgage when buying a home, it’s possible to take out a mortgage for building a home. Loans can also be taken out to buy land with.
You can design it to meet your needs
A self-build could be designed to meet your unique needs. It’s unlikely you’ll find an existing property that ticks each and every one of your boxes. With a self-build, you can design everything to your specs from the size of each bedroom to the layout of the kitchen to the number of electrical sockets.
Some dream features may still be out of reach if you haven’t got the budget for them, but there could be many features that are surprisingly affordable.
You can make it as green as you desire
New build property services such as an energy survey may be necessary when building a new home – every new home has to reach a certain level of energy-efficiency. However, you needn’t settle for minimum energy requirements. Building your own home could be a chance to make it as energy-efficient as possible (this could include adding every type of insulation you can think of or installing enough solar panels to survive off-grid).
Such features could save you money in the long run by reducing (or even eliminating) your energy bills.
You can choose the construction quality
When building your own home you can also choose the quality of construction. Many government-built and developer-built houses are constructed as cheaply as possible, which means that certain materials may not be as high quality as they could be.
By building your own home, you can ensure that the construction quality is top-notch. Better quality materials may push up the price but could reduce the risk of wear and tear in the long run, saving you huge amounts on home maintenance.
It could be a fun and rewarding challenge
Building a home is challenging, but this can be part of the thrill. Buying a home may only take a few months while building a home can take over a year. You’ll need to source architects and labourers and you’ll need to monitor the whole process to ensure that it all goes smoothly. There will be problems along the way and you will need to be able to solve these when they arise. The important thing to remember is that, in the end, you’ll have your very own custom home.