There are many items your budget will need to cover outside of the cost of building the house itself. To answer that, you’ll first need to talk to lenders and other financial specialists to gage the amount of funds you have available and the amount you could realistically borrow. It’s possible to generate a profit of up to 15% to 30% from building your own house. That means, all being well, you should be creating value as well as spending money. Here are some tips to help get you started.īefore you go full steam ahead, remember that building a house is an investment. But with so much to account for and with so many factors that might impact the price, it’s not an easy question to answer. Working out whether you can afford to build your own home is the first major step in self-building.
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