Intrigued by the idea of building your own home rather than buying a prebuilt property? You’re not alone. Approximately 5% of homes are classed as custom or self-build options. While this is a relatively small number, there can be many benefits to choosing this route to find your perfect home over adapting to a new property or moving into a pre-designed home.
If you are deciding between building and buying a home, these benefits can help you make up your mind.
Cheaper
Surprisingly, a well-planned build can be significantly more cost-effective than purchasing an existing property. Statistics indicate this could be up to 20 to 40% cheaper than buying a pre-existing one. While there are various factors that can influence the cost of your envisioned build, such as land acquisition, utility connections, building size, and desired features, the overall cost-effectiveness of building your own home is a compelling financial advantage.
Learning Opportunity
Building your own property, regardless of your level of involvement, presents a significant learning opportunity. It offers a unique set of experiences that you wouldn’t encounter otherwise. If you have a thirst for knowledge, a sense of curiosity, and a desire to explore new things, the decision to self-build a property can be a rewarding intellectual journey. From the intricacies of land acquisition and obtaining the necessary permits to collaborating with architects and contractors to bring your dream home to life, this process is a rich learning experience that can significantly enrich your life.
Customized and Brand New
If the thought of ripping out features from an existing property or renovating isn’t to your liking, and the idea of living in a property that has had many other views before it became yours isn’t for you, opting to build your dream home probably is.
The immense satisfaction you can get from the pride of knowing that you are the first and potentially only occupant in the building can make it extra special. Plus, you get to customize it exactly how you want and need it; everything is thought of and taken care of, and the house is built with your family and lifestyle in mind and woven into every fiber of the building. This level of personalization is a unique benefit of building your own home, allowing you to create a space that truly reflects your needs and preferences.
Boost The Local Economy
This might not have been something you experienced, but building your own home and using local services to assist you with the build in any capacity, even if you plan to do the majority of the work yourself, can support the local economy. You will need to buy materials, use services such as equipment hire, hire architects and surveyors, and help with things like plumbing and electrical installation, etc., and if you spend as much as you can locally, you will be investing back in the local area to help boost the local economy.
Investing in building your home has many benefits over buying a pre-existing building to adapt to your needs. If you want to weave luxury through every decision you make, a self-build can afford you the chance to build, incorporating everything you need for a truly outstanding property.
