For those with the financial resources available the self build option is a route to greater financial security.
As a self builder the potential profit usually taken by the developer is retained and this can provide a substantial amount of equity being embedded in the property.
Whilst many people dream of doing a self build project there are pitfalls that need to be factored in.
There is a need for a capital sum to acquire the land and whilst there are mortgages available most people would be advised not to consider a self build with less than £50,000 available.
THE RIGHT SITE:
One of the biggest problems with the self build market is in finding the right site..it can be frustrating work hunting out a willing seller and then getting the next hurdle sorted…
PLANNING & DESIGN:
Whilst some people will buy a piece of land speculatively the majority will not want to buy a site until they have the right planning permission.