Monday, November 13, 2017

Building Your Dream Home

Building your own home is a dream for many people. It gives you the chance to get your property exactly the way you want it. To add the finer details that only you would think of, and to create your perfect home, the one that you have always dreamed of.

Often, building a home can be cheaper than buying one. Especially in the climate of the current housing market. So, it’s not usually the cost that puts people off. It’s the effort. Buying a house you’ve seen advertised online does come with its challenges. You have to get surveys and solicitors and apply for mortgages to start with. But, it’s something that most of us know how to do, or at least where to find the right guidance. People buy houses all of the time. Building one, well, that’s completely different.

If you’ve always dreamt of building your own home, here is a look at all of the things you need to consider.

Design

The design of your house is critical. Even if you’ve got some ideas, if you’re not trained you should hire architects to help plan your ideas properly and make sure it’s feasible. Try not to get carried away. Instead, make sure you plan to include all of the basics you need for a comfortable and functional home. Then, add the extras.

Land

Once you’ve got an idea of what you want from your home and some rough measurements, you’ll need to find the plot to build it on. Remember, you can’t just go out and build a house where ever you want. You’ll need to purchase the land.

Empty land in big cities has often already been bought by a large company thinking to build in the future. So, you may want to look further afield for your perfect plot.

Finance

If you can afford to buy the land and the materials and hire help yourself, that’s fantastic. But, just like buying a built house, most self-builders need some financial help.

In most cases applying for a self-build mortgage is actually very similar to applying for a normal mortgage. If you’ve got a good and stable credit history, and are in employment, you may be able to borrow up to four times your income.

Legislation

To get started on your build, your house plans will need a certifier's approval, as well as the go-ahead from the local council. Contact them directly with copies of your plans to get started. Once built your home will also need to undergo health and safety testing before you can move in.

Time

Building a house can take a lot longer than just buying one. So, make sure you plan accordingly. Do you have somewhere to live until it's finished? You don’t want to rush and make mistakes, so it’s vital that you give yourself plenty of time.

Budget

It’s also essential that you budget very carefully. If you run over on time, you’ll have to pay for somewhere to stay for longer and pay your contracting team extra. Budget very carefully and try to leave at least 10% of your total budget to cover emergencies or unforeseen circumstances.


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