Finding for the perfect house can sometimes feel impossible. While faithful friends and family will urge you to keep looking, the ideal home that fulfils all of your needs and desires sometimes just isn’t out there.
This is the reason why many people decide to build their own homes. As you are in full control of the end product, you’ll be able to make sure it ticks absolutely everything on your checklist (no matter how long it is! ). However, many people are put off by the risks involved in self-building.
While building your own home is far from a risk-free venture, there are many benefits to taking it on that far outweigh the drawbacks. Here are just a few!
Save Money
If you’ve ever watched daytime TV, you probably know that it’s very possible to make a profit from renovating and building homes. Many house ‘flippers’ take advantage of the difference between the market value and the actual cost of renovating or building a home.
While you’re probably not looking to sell your new home anytime soon, this just shows that it costs less to build than buy. It is very possible to build a home just like the others in the neighbourhood for significantly less money.
If thinking about living in the UK. You’ll also be able to save money on Stamp Duty Land Tax as you only have to pay this tax on the cost of the land purchased rather than the whole build. This means you won’t owe any stamp duty at all if the plot is valued at under £125,000.
Go Bigger and Better
As building a home costs less than buying an identical one, this leaves you with a choice. Either keep those savings as mentioned above or use the rest of your budget to go bigger and better.
If you’ve been looking at buying a property at a certain price, you will find that this budget can be stretched much further when building. You may be able to afford to add another bedroom or an office space if you decide to self-build.
Alternatively, you could use the extra money to go higher-spec. This could be done by adding better windows, a maintenance-free roof, bi-fold doors or a sunroom. If you are interested in high-quality, custom products like these, a company like The Home Design Group will make this process affordable and easy.
Personalise
If the reason you’re considering self-build is that you can’t find a home that has everything you want, you’ll feel relieved knowing that your self-build can be personalised however you want.
While upgrading your home with great tech is great, you may have needs or desires for your home outside of this. For example, if one of your family members is immobile, you can ensure that the design of your new house is totally accessible for them.
Similarly, if you’ve always dreamed of having a sauna room or your very own pool, you’re free to add whatever you want if you have the budget!
With just these three reasons to build your own home, it’s clear to see why the self-build trend is growing. Whether it is saving money, getting more for your budget or personalising your home, there are many great motives for building over buying.
