Self Build Cost

Keep in mind that land takes up to 35 per cent of the build cost self. You need to get outline planning permission – most lenders require it before offering a mortgage. In many areas throughout the country there is a real problem in finding land that is available and also suitable for building your ideal home. Self build land is difficult to find and quite expensive. You can search the local papers and estate agents but a self build land finding database is the best option.

If you bought a plot of land, bought materials whilst paying wholesale rates, then employed labour directly, you would be buying a house at cost price. You would be paying what a house developer has to pay, but you don't need to add on your marketing and sales costs and a profit margin.
You should be aware of your financial limitations. Don't try and do anything that you feel is not within your reach or else you will get trapped at the later stage.

There is too much money at stake, and you can afford to take a risk. In case you want to be doubly sure of everything, don’t think twice about calling in a surveyor, a planning consultant and an architect.
It’s not a bad idea to hire a solicitor to draw up contracts between yourself and your builders. Should you not be about everyday to oversee the building work, you'll need to employ a project manager. This is as important as estimating the build cost self.

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