Posted by Accomodation, Architecture, Property, Real Estate | Posted on 17-11-2013| Posted in
So, you have an image of your dream home and know just what you’re looking for when scouring the property market. The problem? Your dream home doesn’t seem to exist. It’s not uncommon for house-hunters to find themselves apathetic to their cause after months of fruitless searching and this can lead to them settling for a house that doesn’t quite fit. The need for compromise when house-hunting is not to be overlooked but for those with a clear idea of what they want there is another option: the self build home.
The new craze?
In one of our previous posts, Building your own home – top tips, we explained that only one in ten UK homes are currently self built … but this could be changing. Magnet Trade recently posted an interesting article on their site which discussed the winner of a national architectural competition. Ed Green, who is based in Cardiff, took the top prize after designing a flat-pack barn which would allow self-builders to create their own well-insulated. home for just £41,000 and this could mean self-builds become even more attractive.
Currently, the lure of creating your dream home is what drives most people to consider this option but Ed’s breakthrough design could turn self-build homes into a financially beneficial proposition as well, especially when you consider the forecasted return on investment.
According to the post, self-build homes are typically worth a whopping 30% more than they cost to build (although you’ll need to fact labor and land costs into this). Through in the fact that new British homes are claimed to be getting smaller, with the average new build half the size of a 1920s house at 925ft² according to the Daily Mail, and you may begin to wonder why people would even consider alternatives to self-builds.
Right for you?
Perhaps the answer to this lies in the amount of work involved with a self-build home. This isn’t a small project which can be easily slotted into busy schedules; it’s a time-consuming process which will no doubt be fraught with stress and delays.
Before searching for builders and materials you need to ask yourself whether it’s the right option for you. Ask yourself whether you have the time and resources to take on such an endeavor and consider what plans you have for the build. Without a solid idea you’ll struggle to get your home off the ground so make sure you know what you want and have a rough idea of how to get it.
There are plenty of professionals who can help you achieve your goal but it’s worth entering into the process with realistic expectations. Delays and changes are part and parcel of any construction project so be prepared for things to run a little off-schedule. Get expert opinions to make sure your plans are viable and, most importantly, try to enjoy building a home which you can really call your own.