Many people choose to buy a new home that is ready to simply move into. That doesn’t necessarily mean it will be designed to your tastes, though. New builds have lots of variation that won’t appeal to everyone – anything from the roof to the carpets could have already been put in, and might not match your expectations. If you have strong preferences and really want to give your home your own mark, why not build your own?
Here are some of the main questions you should consider:
Do I have the finances?
You will probably need to spend a long time working this out in detail, as you don’t want to find yourself in a situation where you’re part way through a project and run out of funds. You will need to account for everything, as well as remaining flexible because unexpected situations do crop up during a build. However, as long as you manage your finances properly, it is definitely possible to build a beautiful home within a reasonable budget.
— Homebuilding (@MyHomebuilding) November 23, 2016
How much of the work can I do myself?
If you have experience in house construction, you may be able to cut costs by doing some of the work yourself. Don’t push yourself, though – if you need a professional, it’s better to hire someone and get it right.
Can I project manage?
You may be able to carry out the management yourself depending on the size of the build and how much of the work you’re doing yourself. If you are mostly relying on subcontractors, it may be easier to hire a management company who can put everything in place for you.
Do I have the right planning permission?
You will have to be very careful that you have the right permission before you begin any construction work. Even if you buy land that has planning permission, you’ll need to make sure it is suitable for the building once your plans have been drawn up. There may be restrictions on things like height and, in certain areas, what you can do with the outside of the building. Get professional legal help if required – it will be worth it in the long run.