You will often hear people say that they want a home, not a house. The problem is that it is hard to find a home when you buy it off another homeowner.
The reason for that is that the house is in their image, so you need to do quite a lot of renovating.
As a result, you will have to do more work and you might not even like the outcome. A good alternative is to build a house from scratch. That way, the outcome is something you will cherish forever. Here’s what you need to do to build a house from scratch.
#1: Don’t Lose The Plot
Literally, don’t lose the plot! In your situation, the plot of land that you buy is going to be crucial to the outcome. As you know, location is everything in real estate. That is why the plot needs to have a great location that suits your needs. For example, it should be close enough to all the major amenities, yet far enough away so that you are secluded. The land also has to be a viable place to build the property. If there is subsidence or a poor foundation base, it isn’t going to work. Think long and hard before you make your final decision.
#2: Crunch The Numbers
To begin with, you will need more money than the cost of an average home. Although it might seem like it makes it more expensive, it isn’t the case because you won’t spend as much in renovations. Still, the cost isn’t going to be cheap, and you will need a lot of money. In fact, you should budget more than the overall cost. The reason is that most new builds tend to go over budget, and you don’t want that to happen. If you don’t have the money, you will have to stop the building process and wait until you secure the finance. Most people save in a conventional manner, but you can find up to eight percent of the cost of a self-build with a mortgage. Just make sure you don’t overextend yourself with regards to your finances.
#3: Get The Right Tools
Normally, tools mean equipment. But, in this case, they also mean contractors. There is no way that you will build the house without expert help. As a result, finding the right contractor is essential. Always look for recommendations from people that you trust because they don’t have an agenda. Their reputation is also a good indicator of their skill. You might also want to hire tools to keep the cost low. With that in mind, make sure you cover every base from a rock drilling machine to a cherry picker. The equipment will make the process a lot easier, so it is vital to get it right the first time.
#4: Red Tape
Just because the land is yours doesn’t mean that you won’t need planning permission. The local authorities do have the power to pull any structure down that they deem to be illegal. For that reason, you need to secure planning permission first. Go through all the legitimate channels and wait for their reply. Hopefully, it all goes to plan, and you can start work soon.
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