If you are one of many whose dream is to build your own home, then here are some of the main things that you need to consider in order to make that dream into a reality…
Finances – This is essential in order to turn your dream into a reality. It is important to know how you will finance your self build home and have a realistic budget in place to do so. Self build mortgages are available for people who are looking to build their own home, and are similar to a normal mortgage, but are paid out slightly differently, in stages to ensure that the risk to the lender is reduced. It is important to factor this in when you are planning your build.
Materials – You will need to work out what materials you are going to be using for your home and get some prices for the costs of them. Go to places like this timber frame manufacturers and get all the information that you need before you go and ask for a mortgage for your project.
Plot – You will of course need a plot of land to build on. This also will need to have planning permission, so before you just go ahead and buy somewhere, check the planning laws in the area. Sometimes you can buy land that already comes with planning permission, so it is worth looking into this if you want to cut out this part!
