There is nothing more important than buying a house. Finding the right one is not easy, though. You need to consider the location, the layout, the land, local amenities and future potential, as well as the price. Oftentimes you won’t find exactly the perfect fit which means you need to compromise on something, but when it comes to the place you’re going to call home, why should you?
If you don’t want to compromise, you might consider building your own house. This can have many benefits, including building it directly to suit your needs. It’s also possible that you can actually save money building your own home. If you want to make structural changes to an existing property, you need to take more precautions and could unearth unforeseen problems. The process could even take longer.
There are many reasons why you should consider building your own home, but you shouldn’t commence before reading our tips.
1. Find alternative accommodation
Building is, as you’ll already know, an expensive affair. A lot of people use their life savings in order to fund the build, but the money can quickly run out when you’re trying to afford living expenses in another house during the build. It’s rare that budgets are stuck to, so if something unexpected crops us (which it so often does), that could really hinder your finances. If possible, rather than paying mortgage payments and rent payments, see if there are any family members or friends who could potentially let you live with them for a reduced price.
It’s a big ask, especially if you have a family, but it can really ease the burden of money during the build.
We all like to think of ourselves as morally good people, and a lot of us like to believe everyone else is the same, but this isn’t always the case. When you’re building a house, there is a high chance there will be a lot of expensive equipment and materials on site. Depending on where you’re building, it might pay off to hire construction site security. This means all your equipment will be safe and you don’t need to worry about the builders coming in and finding things missing which, in turn, could delay the build.
3. Hire a project manager
Project management is something many people assume they can do themselves, but it’s typically best left to the professionals. Yes, it will cost more money to hire a project manager, but it will take a lot of stress off of your shoulders. Project managers don’t just sit on site and make sure everyone turns up on time, they remedy solutions to problems (and during a house build, there are likely to be many). They have extensive experience in construction so will know the best and quickest fixes, not to mention their extensive contacts which could prove to be useful.
On top of this, having a project manager means you can continue with life as normal. You can go to work and continue to fund the build, you can support your family and generally live life as usual with little disruption. The project manager will call you if there are any immediate issues, but you don’t need to sit onsite for 12 hours a day, and for most people, that’s a big win.
4. Be realistic
The final and potentially most important house building tip is to be realistic. You probably won’t be able to get your house built from scratch and in a livable condition in eight weeks. Things like the weather, delivery delays and funding issues can all have an impact. That’s why it’s important to give yourself a generous amount of leeway. For example, don’t sell your existing house and set a move out date that falls 12 weeks after your house build commences. If you do and something goes wrong with the build, you could potentially be homeless.
We hope you find these tips useful. If you’ve built your own home, what’s a tip you’d like to share?