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But just how to go about building your dream home?
1. Work Out Your Budget
Do your research. You need to know how much the land will cost,
the architect fees, builders fees, cost of materials, fixtures, fittings,
and everything else you will need when you build a property from scratch.
Do you know what materials you want to build with and how much they will
cost? Check out
https://www.nichiha.com/product/nichiproducts/nichitrim to get an idea. Then you need to the huge financial commitment and if you are able to handle it. And will you be able to afford to
pay alternative rent or mortgage for somewhere to live while the house is
being built?
2. Get A Self-Build Mortgage
Next, you need to secure a
self-build mortgage. These are usually priced slightly higher than standard mortgages so
you will need a decent deposit up front before any lender will be willing
to offer one. However, they are specifically designed for anyone looking to
build their own home, and they usually release the money in stages,
allowing you to pay for the land, and materials as your build progresses.
3. Choose Your Location
Location is one of the most important things when it comes to building your dream home. Your starting
point should be to speak to estate agents, look at property websites, and
check land auctions. You should also check whether any land developers,
local farmers, or utility companies have any
undeveloped land in the area and find out if they are open to offers. Like with any house, you need
to consider how you will commute to work, to local schools, and other amenities.
4. Get planning permission
You'll need to get planning permission and the proper permits before you start anything; otherwise, you will be breaking the law and then
might have to knock your house down after all your hard work. Don’t buy or
sign anything until you have the proper paperwork in place and make sure you have covered all the
legal aspects.