How To Make Your Dream Home A Reality

Sunday, June 30, 2019

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In today’s financial climate, many are struggling to buy any house, nevermind their dream home, the one they really want and the one they want to stay in for the rest of their lives. But if you have the time and you have the money, then perhaps building your own house is a possibility. If you’ve not thought about it before, then there are a number of benefits to building your own home. These include getting the exact amount of bedrooms and dimensions of the rooms that you want, choosing everything from the shape of the property to the floor plan and including all the green and eco-friendly features you want. As well as getting exactly what you want, most self-builds are worth considerably more than they cost to build meaning that you get your dream home for a fraction of the market price.

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 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.

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