Buying a home is a long term commitment. It is an investment that involves a lot of discussions, planning, and estimation. The average price of a house is at approximately 230k pounds. The average cost to build one is around a very similar price range provided you hire the right people. Given that this is a sizeable chunk of most people’s savings, it makes sense to consider a few points when building a new house, especially in the UK.
The budget of the build
Fixing on the budget is key to building a new home. By deciding on one, you will not just save money, but you will also make informed decisions in the other areas relating to the construction. Chalk up a budget in an Excel sheet along with your partner, and fix on material costs, fees, equipment costs, etc. It will require time and effort, but consider this an investment that will save you tons of cash as you proceed with the build.
Do not spend more money on a home than you have. The last thing you need in today’s world is building a home that is above your means, leaving you in a sea of debt that is unsurpassable. Discuss with a financial consultant on what would be the ideal cost for a house that meets your requirements and limit your budget to that amount.
Location of the property
Deciding on the location is very important when building your own home. Choose the wrong spot, and you will find yourself in a difficult situation when it comes to accessibility, general view, among other areas. Spend time along with the other people who are making this decision together to scout all possible options before making a decision.
By doing ample research, you are setting yourself up for a confident negotiation on the price of the land. The cost of land in the UK has sky-rocketed over the years. Some of the land prices you see the first time around might not be the final price, but rather a much higher price. Always negotiate. The ball is in your court as the buyer.
In the UK, if you wish to build your own house rather than buying one, you will need to get the required permissions for the construction. Acquiring these is the boring part of the entire process. As a potential home-builder, you would have to go through two levels of permissions.
The outline planning permission is the first one, which approves the outline and not the specifics. Once you have this, you can move on to acquiring the full planning permission that grants you the right to build your home with the entire proposal laid out. It will include the number of rooms, layout, and other detailed information. If this plan doesn’t align with the outline plan, you might have to resubmit either of them to align with the other.
The build team
As ambitious as you might be, building a home is no walk in the park. You have your best chances of constructing the house of your dreams if you have a team behind you. Find a reputed construction company and hire trusted brickwork contractors to help you get the job done. By getting the right people for the job, you free yourself up to do what matters, planning and designing your home. Ideally, ask around the area to find people who have prior buildings that you can personally check out before giving out the contract.
For some of you, these points might come across as evident, but surprisingly a lot of home builders forget these crucial points when building a new house. New builds Berkshire and in other areas are easy, provided you find the right people, and do the required research. Building the home of your dreams is not that hard. Follow these steps, and you should be good.