Given the current sky-high property prices, most people under the age of 40 are struggling to buy a home. Deposits are enormous, and mortgages are even bigger.
For this reason, a lot of budding buyers are now considering whether it’s really worth buying a pre-existing home or whether they should just build one themselves.
If that sounds like you, you’re in luck – this post is for you. In it, we discuss some of the reasons to build your own home, instead of just relying on what’s out there on the market.
While you might not have the budget to build a Bel Air mansion, you often get much more house for your money when you self-build. The reason for this is simple: construction costs are actually only a small portion of current house prices. For the most part, prices are high because planning is difficult. Developers can’t meet demand in the market because of deliberate bank and government policies. Therefore, there is less supply than demand, pushing prices ever higher.
When you build your own house, you get precisely what you want. You can go beyond merely choosing a property that meets your needs today and get something that will satisfy you in years to come. You decide how many bedrooms you have, whether there’s a cellar, and what your landscaping looks like.
It’s Easy To Do
Self-building sounds like a challenge, but with house and land packages, it’s surprisingly easy. Here, you simply buy the land and then contract a builder to construct the property for you. In many cases, you can even take out a mortgage to pay for it.
The construction company then takes over the rest of the process. They manage the build on your behalf, after consulting with you about the design. In some cases, you may not even have to hire an architect.
You Get Something Different
Building your own home gives you full creative freedom. You don’t have to live in a property that looks like everyone else’s. Instead, you can be unique.
Everyone wants to live in character properties but, these days, you’ll pay a premium. Historical beauty comes at a high price.
You can skirt around this issue by self-building, getting what you want in the style you want.
You’ll Learn A Lot
When you build your own home, you also learn a lot about the industry. This knowledge can then serve you as you go through life. You never know when you might need to do the plumbing, fix the roof or do the electrics.
You’re Adding To Your Community
Modern neighbourhoods can look a little “samey”. Developers often build cookie-cutter housing, one next to the other. It doesn’t look organic or natural.
When you self-build, though, you can change this. You can add something unique to your community which you can’t find elsewhere. You can be a beacon of light and leave your mark on the street. Get the design right, and your neighbours will celebrate it.