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Twenty thousand residents of the United Kingdom self build their homes every year. These are citizens who have decided that they did not want to pay a contractor to build a home for them or pay a real estate agent locate a pre-built home that may or may not meet their needs. How is the construction industry fairing now that so many people are taking on their own home building projects? Will it really be less expensive to build your house all by yourself than it will be to hire a real estate agent to find a pre-built home or hiring a contractor to do all of the building for you?
The biggest obstacle for a person who has decided to construct her own home depends on just how much experience she has with all of the different tasks that are involved in home construction (like electrics as well as carpentry). If the self builder is inexperienced then she will run into many problems as she struggles to build a home that is safe and sound as well as functional. Obviously if the self builder does have the necessary experience she needs to build a safe and functional house and is well versed in local building and electrical codes, then doing the work by herself could end up saving her a large sum of money!
If the task of self building is chosen, how does the self builder find an appropriate location on which to build? The easiest way to find a site for the new home is to hire a professional location scout. Local zoning codes will play a large role in whether or not a location is well suited to a self builder's needs. A professional location scout will know just how to find the perfect location for you and the home that you want to build without asking you to spend too much of your building budget.
Finding funding for a self build project will be challenging. Lending institutions like to fully understand all areas of a project before they agree to loan money for that project.
Qualifying for a mortgage loan or a loan for a contractor's estimate is easier because all areas of the project will be well defined. With a self build project, the builder might not know ahead of time how much money she will need to successfully build her home. Find out if your lending institution funds self build projects. If they do not, they might be able to recommend an institution that will loan you the money.
Self building can save a person quite a bit of money if he or she is a qualified construction and electrics expert. If this is an area that interests you, it is something that you should consider pursuing.
The biggest obstacle for a person who has decided to construct her own home depends on just how much experience she has with all of the different tasks that are involved in home construction (like electrics as well as carpentry). If the self builder is inexperienced then she will run into many problems as she struggles to build a home that is safe and sound as well as functional. Obviously if the self builder does have the necessary experience she needs to build a safe and functional house and is well versed in local building and electrical codes, then doing the work by herself could end up saving her a large sum of money!
If the task of self building is chosen, how does the self builder find an appropriate location on which to build? The easiest way to find a site for the new home is to hire a professional location scout. Local zoning codes will play a large role in whether or not a location is well suited to a self builder's needs. A professional location scout will know just how to find the perfect location for you and the home that you want to build without asking you to spend too much of your building budget.
Finding funding for a self build project will be challenging. Lending institutions like to fully understand all areas of a project before they agree to loan money for that project.
Qualifying for a mortgage loan or a loan for a contractor's estimate is easier because all areas of the project will be well defined. With a self build project, the builder might not know ahead of time how much money she will need to successfully build her home. Find out if your lending institution funds self build projects. If they do not, they might be able to recommend an institution that will loan you the money.
Self building can save a person quite a bit of money if he or she is a qualified construction and electrics expert. If this is an area that interests you, it is something that you should consider pursuing.
About the Author:
Tal Potishman, editor of Heating Central, writes articles about home boilers, efficient heating, Woolwich plumbers, underfloor heating and solar thermal. He specializes in helping save money by advising on efficient heating.
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