Building your own home from the ground up, with the help of a few trade professionals, is a dream come true for many people. This bespoke experience doesn’t come cheap, but it does allow you to tailor-make your property to your own personal specs. Fortunately, with adequate planning and taking the right steps, it doesn’t actually have to cost you a fortune. Here are a few top tips to help you stay within budget while you build your own home.
1. Find the Right Lender
A self-build project will require a large sum of money during the initial stage of actually acquiring the land, and the cash will obviously need to flow in order to pay for trade professionals, materials, and the like, too. Building up a substantial pot of savings is a great way to start. However, many people will still need a bit more to cover absolutely everything. Taking out a loan, which you know you can pay off in the end, is a great way to get enough capital to afford your self-build. If you already have a property, you can ask for a construction loan or a bridge loan to help you cover costs during your build.
2. Source a Reliable House Builder
When people say they are ‘building their own home’, most people actually mean that they’re funding and overseeing the build of a home. Of course, every decision will be their own, but it will actually be a house builder and their team who does the actual heavy lifting. When searching for a house builder, it is essential that you do your research. You want a builder who has vast experience in building the type of housing you like, they need to suit your budget, and they should ideally come with good recommendations. Family, friends, and acquaintances might have good leads on reputable builders. Local newspapers and real estate magazines will also shine a light on trusty house builders.
3. Take on the Landscaping Yourself
You should keep in mind that not all housebuilders specialize in landscaping. So, if you have big plans for a spectacular garden, you might need to contract a landscaper separately. However, those with green fingers and some time on their hands can even take the opportunity to create a beautiful garden on their own. With the right tools and equipment, and the necessary skills, you can turn your uninspired patch of land into the perfect outdoor space, and you can do it without splashing out on an expensive landscaper. To view an extensive range of all the tools you will need to tackle this task, visit arbourlandscapesolutions.co.uk.
4. Consider Every Square Footage
Size matters when it comes to a new build, which is why you need to consider every square footage of land. Although the ‘perfect size’ is completely subjective, the specs need to complement the size of your household and the lifestyle you lead. Make sure you accommodate new additions to your growing family, recreation space, and areas for entertaining guests. Getting the size right now will save you a lot of money down the line.