How to build your dream home
Building your own home gives you the opportunity to live in an entirely bespoke house that meets all of your needs. With full control over location, architecture, layout, interior design, energy efficiency, cost and much more, building your own house is a great way to create a home tailored to your requirements. What’s more, you stand to make a profit of 25% on your investment, and you avoid the stress of a traditional house purchase, which can include dealing with a chain as well as multiple buyers and sellers.
If you’re feeling a bit mystified about how to build your own house, then you’ve come to the right place. We’ve used our expertise to create this handy guide to building your own home. It’ll not only take you through benefits of self-building, but it’ll give you an insight into how to choose a location, how to budget, and how to select a team of contractors, so that you can build your dream house without losing any sleep. The prospect of building a house can feel overwhelming at first, but we’re on hand to help you every step of the way.
Benefits of building your own house
The main benefits of building your own house are twofold: firstly, it can often be cheaper than buying an existing property; and secondly, it gives you the chance to design a bespoke home with cherry-picked features that work perfectly for you and your family.
As long as you’re able to stick to your budget, there’s a good chance that your self-built home will wind up being worth far more than what you paid to build it. In fact, self-building offers you the opportunity to create your dream house in a location of your choice far more affordably than purchasing an existing property. What’s more, you might even be able to add luxury features like skylights or underfloor heating for a discounted price. If planned and managed properly, building your own home is a smart investment.
Self-building also gives you control over where you’ll live, not to mention the layout, design and architecture of your house. One of the worst things about buying a house is having to redecorate it, and fix all the mistakes in judgement made by the previous owners! Building your own house removes that hassle, because you’ll end up with a one-of-a-kind home tailored to your exact specifications.
How to choose a location and obtain planning permission
The first and perhaps most important step in the process of building a house is deciding where you’d like it to be situated. You’ll need to find a plot of land that is within your budget, that is big enough for your planned property, and that is in your desired location. This may take some time and patience, and it is worth looking as far afield as you’re willing to move in order to increase your chance of securing a plot. A good place to begin your search is with local land auctions and estate agents, as well as the Homes & Community agency website and your local council.
The next step in the process is obtaining planning permission, because without it you won’t be able to start construction. A planning application for a house in England will set you back £462, and there are two types of planning permission you can get. The first is called outline planning permission, and this gives approval for an outline plan rather than a specific one. The second is called full planning permission, and this approves a full construction in all its detail. If full planning permission has been given, you can begin construction right away, but if you’ve only got outline planning permission, you’ll be required to have a detailed plan approved before construction can start. And remember, don’t buy a plot of land until you’ve had planning permission approved.
How to finance and budget your house build
Planning a budget and managing your build properly will keep the costs of building your own house to a minimum. Without a strict budget, however, there’s a good chance that your costs will mount uncontrollably. There are a few important steps you can take to ensure financing and budgeting go smoothly.
Before you begin, you’ll need to do some research. Look into the cost of land and planning permission, a team of contractors and architects, stamp duty, materials and fixtures, and any other things you will need to get construction underway. Once you have an estimated figure, consult your bank balance to determine whether this is, realistically, a financial commitment that you can make. And remember to factor in the cost of living – this could include rent or mortgage repayments – during the time until construction is completed.
There are also certain factors that will impact the price of building your own home. These include, but are not limited to, the location you choose, the size of your house and its shape and layout, plus its specifications. If you want to keep costs to a minimum, you could consider dropping some luxury features, or choosing a plot of land in a more affordable area. Also, it’s an added bonus that if the plot you buy for residential use costs less than £125,000, as you won’t pay any stamp duty at all.
Choosing the team to build your house
If you’ve decided to build your dream house, you need to find an architect and a team of tradespeople carefully. After all, you need to be able to trust that they’ll be efficient and reliable, and will make your dreams a reality.
When it comes to choosing an architect, start by meeting with as many in your local area as possible. Examine their past work and look at client reviews, and talk to them about your planned build and requirements. Without a top-notch architect, you risk ending up blowing your budget, or being left with a house that isn’t structurally sound. Worse yet, you might inadvertently find yourself breaking building regulations. Finding a good architect is crucial in the process of building your own house, so make sure you’re happy with your choice!
The team of tradespeople you choose are the ones who will turn your paper plans into a bricks and mortar house, so make sure to do your research. Look for tradespeople with good customer reviews, or use websites that advertise the services of the best builders in your local area. For an added sense of security, check that your chosen builders are certified by the Federation of Master Builders, and don’t be afraid to pay a premium for the best service available. After all, the quality of finish in your self-built house will depend on the abilities of your team of tradespeople. It’s often the case that additional time or money invested into finding the right team is well worth it in the end.
Hopefully, we’ve given you a platform to build your own house with confidence! For even more expert property advice, head on over to our blog.