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Self Building

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knuckledragger
knuckledragger Posts: 999 Forumite
First Post
in House buying, renting & selling
Seems like a great way to save (or make ;)) money.
Astute people such as those on this site must have done it.
How easy was it?
Is there a free way (insert your own Hart to Hart joke here) to find a good plot?
What are the pitfalls?
Any thoughts gladly received.
...and then the window licker said to me...

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  • Robert_Sterling_3
    Robert_Sterling_3 Posts: 7,112 Forumite
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    Start Here
    ...............................I have put my clock back....... Kcolc ym
  • knuckledragger
    knuckledragger Posts: 999 Forumite
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    Thanks for the point in the right direction. I'll have to do some digging ;D
    ...and then the window licker said to me...
  • JayneH_3
    JayneH_3 Posts: 168 Forumite
    First Anniversary Combo Breaker
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    Good luck with your plot hunting....reasonable plots are like hens teeth in our area! :'(
    So many shoes, so little time....
  • knuckledragger
    knuckledragger Posts: 999 Forumite
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    So I've noticed. In the Herts area plots are v expensive, comparatively speaking. :o
    ...and then the window licker said to me...
  • Robert_Sterling_3
    Robert_Sterling_3 Posts: 7,112 Forumite
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    The rule of thumb valuation is that the plot is worth one third of the amount you would get if you had a house built on the land and then sold the house.

    Put another way the price of the house is one third for the land, one third for the materials used to build the house and one third for the builder who built the house.
    ...............................I have put my clock back....... Kcolc ym
  • knuckledragger
    knuckledragger Posts: 999 Forumite
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    But it WILL be mine all mine, muh hu hu hah... (exit stage left to scary music) :D
    ...and then the window licker said to me...
  • Han_naH
    Han_naH Posts: 268 Forumite
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    You'll need tradesmen... see Arrgh! Tradesmen!

    Seriously, you are gonna bet let down so many times you will be crying!
  • Boojum
    Boojum Posts: 24 Forumite
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    You'll need tradesmen... see Arrgh!  Tradesmen!

    Seriously, you are gonna bet let down so many times you will be crying!


    Not necessarily so. I built my own bungalow a year ago, with virtually no hitches from start to finish. The trick is to get a reputable construction firm to do the site planning and management. Note - construction firm, not builders. Ours was recommended by our architects.
  • Pressleyno1
    Pressleyno1 Posts: 174 Forumite
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    Boojum, or anyone else. Whats the average cost, all in of a self build ?
    Feb 06 *****Highest Debt*****
    Credit card - £800 in the red // Overdraft - £750 in the red // Loan - £2000 in the red
    *****Current Debt*****
    Credit card - GONE ! // Overdraft - GONE ! // Loan - GONE ! // Savings (Oct 12) - £6.5K+ :money:
  • Milky_Mocha
    Milky_Mocha Posts: 1,064 Forumite
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    Do you have sky? Watch Discovery Home and Leisure. there's a programme there called "How to build a House" which shows every day I believe. It's very intersting. Apart from tracking a self-build couple from start to finish over a number of weeks they show previous successful self-builders.

    I agree that its better to get a construction company to do it. A colleague of mine did just that and it went as smooth as breeze for her.

    One thing I've noticed is that all the self-builders on the programme so far (especially those who managed it themselves)lookvery different from they did at the start of the project - they now look old and exhausted (I'm not exaggerating). I don't think its worth that amount of stress!
    The reason people don't move right down inside the carriage is that there's nothing to hold onto when you're in the middle.
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