Building your own house on a plot

[cambridgefox]

On 14/11/2018 at 22:52, BoyJones said:

Cambridge, I funded quite a few self builds back in the 80/90's when in my previous life. Had to go through it all stage by stage. 

 

It can be a lot cheaper, first fix is usually quite cheap, footings, bricks walls to roof  etc. The costs tend to mount with the quality of the interior fittings, these can mount if you are going top of the range kitchen and bathroom and electrics. Used to need signing off at various stages ( you don't want to find out when the roof is on that the footings / DPC are inadequate!!) 

 

Have a chat at the Fulham game?

How rude of me,I’ve only just seen this.

Things have moved on a bit now,but still loads to do.

Mum only wants 80k( one lucky lad) from me for the land ,so whatever happens I’m definitely buying the land with outline approved.

Quoted £250k hi spec at the moment,but then have all the extras.

Will bore you with the details at Fulham but won’t bring the plans!!

[cambridgefox]

On 15/11/2018 at 19:11, Mike Oxlong said:

May be worth paying someone to project manage it if you don’t know what you’re doing. Some of their expense may be saved through their know how and negotiation skills 

Had this conversation last night,I’ve heard you can save 30%

[cambridgefox]

One more question .

As it’s a self build we do not pay vat

Do we pay it and get it back.Or isn’t it included from the builder?

i suppose I could phone him ?

[Milo]

1 hour ago, cambridgefox said:

One more question .

As it’s a self build we do not pay vat

Do we pay it and get it back.Or isn’t it included from the builder?

i suppose I could phone him ?

If your builder isn't VAT registered, they won't charge you VAT for their labour.

 

Materials you usually pay VAT on and then claim back...but depends what they are, they're called something like 'eligible materials'.

 

 

[One Arm Babba]

On 14/11/2018 at 22:05, cambridgefox said:

Has anyone bought a plot and had a house built?

 

 If so,or anybody in the building trade know approximately how much per sq ft/mtr you are looking at for a build.

 

my Mum is selling up and has had planning approval ( outline) for a 2200 sq feet house in part of her old garden,I’m thinking about doing it.

might be too expensive,might be perfect.

This would be without plot costs.

cheers

I’ve been self building for he past 18 months. And for a 4000 sq/ft house we are going to come in at around £275,000.00.... thats in Northern Ireland, so cheaper than England.

 

one thing is certain, all building materials are going up in price at an alarming rate, something like 15% in th past 12 months. 

[Milo]

I would suggest taking a look at pre-fabs as well, if you haven't already done so.

 

This one is one that I was looking at - 185m2. £216k build price. You have to get the foundations done and put the kitchen in - apart from that, its fully built and decorated! 

 

Seemed a slightly less stressful from my point of view to buy something that will be finished in a few months, and not having to worry about running out of money half way through.

[cambridgefox]

4 hours ago, One Arm Babba said:

I’ve been self building for he past 18 months. And for a 4000 sq/ft house we are going to come in at around £275,000.00.... thats in Northern Ireland, so cheaper than England.

 

one thing is certain, all building materials are going up in price at an alarming rate, something like 15% in th past 12 months. 

4000 sq ft house ?

That nearly is Northern Ireland !

You are not the first to say that about materials.

[VLC86]

Would love to do this myself at some point but it is probably unlikely. I guess it’s pretty difficult to find a plot of land in a good location which would be my driver behind doing it.

[Saxondale]

I've always wanted to do this but there's no way i can finance it. Plus, build-able land is so expensive these days.

 

 

 

[Mayofox]

14 hours ago, Costock_Fox said:

Would love to do this myself at some point but it is probably unlikely. I guess it’s pretty difficult to find a plot of land in a good location which would be my driver behind doing it.

I've started the ball rolling in this regard, but it's rolling very slowly. On the edge of the town I live in, we've offered €40k for a half acre site (though 3/4 acre possible) with only far views of countryside to the south and west. But it's 100 yards away from the town sewerage system, and our architect has now been waiting two and a half months to hear from Planners whether this site can be attached. Build costs are high, even here in the West of Ireland, and in fact tighter regulations from January will push them higher. I would expect that €300k to build a 4 bed bungalow will be insufficient.

 

Where I live currently we can see a house being built on a far hill. The groundwork there (money they literally will never see again) cost €100k.

[VLC86]

5 minutes ago, Mayofox said:

I've started the ball rolling in this regard, but it's rolling very slowly. On the edge of the town I live in, we've offered €40k for a half acre site (though 3/4 acre possible) with only far views of countryside to the south and west. But it's 100 yards away from the town sewerage system, and our architect has now been waiting two and a half months to hear from Planners whether this site can be attached. Build costs are high, even here in the West of Ireland, and in fact tighter regulations from January will push them higher. I would expect that €300k to build a 4 bed bungalow will be insufficient.

 

Where I live currently we can see a house being built on a far hill. The groundwork there (money they literally will never see again) cost €100k.

That’s incredibly expensive, How much would that house cost to buy in a similar location?

[Mayofox]

29 minutes ago, Costock_Fox said:

That’s incredibly expensive, How much would that house cost to buy in a similar location?

Whatever you spend, you have to  be prepared to accept that the resulting new build will be worth less. I could buy a similar bungalow for between 200/250k. However the very few that come onto the market tend to be 20+ years old, and need upgrading. One of our considerations is that my son uses a wheelchair. Our current 2 storey house has been assessed; basically it's completely impractical for his future needs. I could write a long list of adaptations required, but will pick just one. All doorways need to be widened, to accommodate his chair.   Whatever I spent on the house would have the effect of devaluing it!  

 

Not far from us some friends are building; they will pay over €400k for a detached 3 bed house.

Edited 26 November 2018 by Mayofox

[VLC86]

56 minutes ago, Mayofox said:

Whatever you spend, you have to  be prepared to accept that the resulting new build will be worth less. I could buy a similar bungalow for between 200/250k. However the very few that come onto the market tend to be 20+ years old, and need upgrading. One of our considerations is that my son uses a wheelchair. Our current 2 storey house has been assessed; basically it's completely impractical for his future needs. I could write a long list of adaptations required, but will pick just one. All doorways need to be widened, to accommodate his chair.   Whatever I spent on the house would have the effect of devaluing it!

There you go then, if you can’t buy the house you need then paying the extra to make modifications would mean the costs increase.

[Mayofox]

Getting that "perfect" site can be very difficult. Then one we are pursuing is through an estate agent. However, if this falls through we are aware of a another site (there could be 2 acres or more available), which is not on the open market. So, through contacts you may hear of a farmer who is happy to sell a parcel of land.

 

A further consideration, here certainly, is that to build on the edge of town, pushing into the countryside, you must have a connection with that area. This means the pool of potential purchasers is quite small, limited say to the children of farmers. However this particular requirement has been waived for us, due to my son and his disability.

 

Planners are very much against "linear town sprawl".

[cambridgefox]

On 16/11/2018 at 00:29, BoyJones said:

A 2300 sq ft house is a reasonable size, would have thought £130k tops, but it's been a while since I was in the business. 

The jobs yours!

[One Arm Babba]

7 hours ago, Mayofox said:

Whatever you spend, you have to  be prepared to accept that the resulting new build will be worth less. I could buy a similar bungalow for between 200/250k. However the very few that come onto the market tend to be 20+ years old, and need upgrading. One of our considerations is that my son uses a wheelchair. Our current 2 storey house has been assessed; basically it's completely impractical for his future needs. I could write a long list of adaptations required, but will pick just one. All doorways need to be widened, to accommodate his chair.   Whatever I spent on the house would have the effect of devaluing it!  

 

Not far from us some friends are building; they will pay over €400k for a detached 3 bed house.

Depends on how you value your home. Based on what an estate agent thinks it’s value is? Or knowing that no corners have been cut during the build process. 

 

I dont care what our home is worth at the end of the build, because the design and specification is all about my families needs and wants. That’s priceless compared to buying a house from Davis Homes etc. 

[Mayofox]

51 minutes ago, One Arm Babba said:

Depends on how you value your home. Based on what an estate agent thinks it’s value is? Or knowing that no corners have been cut during the build process. 

 

I dont care what our home is worth at the end of the build, because the design and specification is all about my families needs and wants. That’s priceless compared to buying a house from Davis Homes etc. 

I fully agree with you. The market value of the resulting house is immaterial to me. It'll be home, not an investment. Knowing that I have my precise specifications, such as ceiling tracking between my son's dedicated wet room and his bedroom, is more important. Our young architect already had experience of building the type of house we need, and his first drawings, based on the needs we have, look very interesting. Yes, it will be a one-off, to fit the site, and to follow the sun. Hopefully our nearest neighbours will be a flock of sheep!