What You Need To Do For An Easy Home Build

Building your own home from scratch is a dream that many people across the world harbor. Even in a property market as expansive as the current one is, it can still often be hard to find an existing home that meets all your specifications. Many people find it excruciating to hand over a large sum of money for a property that they know they want to change quite drastically anyway. This is why more and more people are buying land, instead of real estate, and building their own homes from scratch. However, it isn’t always as straightforward as it may seem on paper. There are a lot of things that can go wrong during a home build and you need to make sure you have the right people on your side to guide you through it as well. Here are a few things you need to get under control, so that your home build can be as smooth and as stress-free as possible.


Finance


It’s not secret that in order to pull off a task this huge, you will need to have a fair bit of financial backing. Unless you are a millionaire with plenty of savings, it’s fairly unlikely that you will be in a position to fund the whole thing upfront, with cash. So, with that in mind, you will need to find a mortgage – just like you would for purchasing pre-built real estate. A self-build mortgage could therefore be the right option for you. They work much the same as a regular mortgage, except for the fact that the payments are split up to coincide with various stages of your project. You may be able to access a self-build mortgage directly from your bank or building society, but if not, you can always turn to a self-build mortgage broker. When discussing the financial aid with such a broker, you will be in a position to decide upfront how much money is going to be accessible at each stage, which enables you to clearly plan your project from start to finish. Also, set aside a contingency of 10%, as you never know where an unexpected cost might hit when you are building your own house!

 

Builders and contractors


Unless you are a multi-skilled miracle worker, you will probably be hiring other people to actually carry out the task of putting your dream home together. It can pay off to work closely with planners, architects, builders and contractors, as they are all specialists in their fields. Doing the entire thing on your own is virtually impossible, especially if you are still working full or part time while your project takes shape. Building and design experts can take some of the weight off your shoulders and with your help, can turn your vision into a reality.  If you need a new home built, make sure you put your trust and money into reputable individuals and companies who you know can commit to the project from start to finish. It is also important that you make sure everyone is on the same page and therefore working well together, so hold regular ‘catch up’ meetings so you know where each stage of the project is going.


Legal issues and planning approval


A common spanner in the works that can arise is issues with the contract and planning permission. The last thing you want is work having to be halted because the local council or land owner has come across a fault in your contract. There can be serious repercussions from this type of thing – not just for your project, but for you as an individual too. Legal problems like this can follow you around for some time, so always make sure you have the appropriate consents in order before you even think about starting to build. Sure, there is often a lot of legal jargon involved and you may find it dull or confusing. But stick at it – the more you know, the more you will be equipped to deal with any issues that arise. Additionally, make sure you and your project are well insured. Contractors and project managers normally do come with their own insurance, but you will still need to take out your own policy if you are running a self-build. It can be tempting to hit the ground running and just start building, but take the time to ensure all these affairs are in order before you do – you won’t regret it.


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