MATT CULLUM PROVIDES TOP SELF BUILD RESOURCES FOR PROFESSIONALS, BUY-TO-LET LANDLORDS AND DEVELOPERS.
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On this page we deal with the process of building your own property and home, the self build industry is growing rapidly and it is an area that property buyers are increasingly interested in. You don't necessarily need any prior experience as this plenty of help in areas such as funding and also online research. As many websites including the self build portal that can help you to build your own home and give you all the advice that is necessary.
The sense of achievement in building your own home is something that cannot be quantified certainly a key factor in why many people decide to go down the self build route rather than purchase a property on the market. Choosing to build from scratch rather than purchasing a new property or renovating an existing one is sometimes a daunting process but one that can be very rewarding and teach you many skills you may not have known you possess. They can also be massive savings that can be made from the process of building your own house rather than buying one that is already built and has value factored into the price. Also hiring a contractor which is what many homeowners will do or purchasing a property from Developer there are not many savings to be made unless there is a refurbishment.
If you are to project manage your own built then further savings can be made and margins will be lower than if it was built externally. However there is a vast amount of research that needs to be done in the areas of planning, architecture, building and internal and external finishing. The first port of call is to hire an architect and a planning consultant to make sure what you design will get permission from the local council to build. Matthew Cullum.com will provide more information and other articles regarding specifically the area of architecture and planning. But we would recommend initially it to search architectural websites and registers such as yell.com and make sure you read the reviews of the architects before you choose one. Secondly you need to decide the location and then contact local agents and sign up to local websites and search portals. Location location location is a old adage that is one that is very important when deciding where to build your home.
The location can have a great impact in the value of your property and usually you would want to be near to some local amenities and travel spots. Also the connections for utilities is a key consideration and we would encourage you to check with your local council to make sure that once ground is broken that the property can be built and connected to the local sewer and electrical mains.
One option also is to replace an existing property and to demolish which can be relatively cheap in the greater scheme of things however you will be losing the value of the existing property. In our experience it is extremely difficult to make a profit long-term if you have hat to demolish the existing house however savings can certainly be made in this area. The costs of actual building can range from £150-£200 per square foot depending on the finish. And the prices of materials and building has increased year-on-year and so has become less cost-effective to actually build your own house.
Lastly funding is a very important consideration and Matthew Cullum.com can provide more information on self build mortgages and funding for those wishing to build their own house. It is not as a competitive market as the traditional mortgage group however there are deals to be had particularly at the moment, following Covid mortgage rates are likely to drop in the short term and this should positively affect the self build market also.