Self Building in current climate
Discussion
Ladies and Gents,
The O/H and I are currently looking for a new house, and are struggling to find what suits our requirements.
I am playing with the idea of building our own house, albeit through a builder / managed trades. I appreciate the work involved... and currently work in the buiding industry, albeit on a consultancy / development role.
Does anyone have any standard house plans from any of the big developers that we could use (you could pm me)
I have plenty of copies of Homebuilding & Renovation magazine, and am currently playing with figures!
I have looked breifly at Buildstore Self Build Mortgages, but havn't really delved too much into detail.
Do you think self builidng in the current clime is a risk (thinking about final valuations etc for mortgaging?)
And does anyone have and plans that we could get an idea of room lay outs etc, as I dont really want to be using bespoke deisgns - off the shelf will suffice - I'm lucky enough not to have a demanding O/H!!)
Thanks
Adam
The O/H and I are currently looking for a new house, and are struggling to find what suits our requirements.
I am playing with the idea of building our own house, albeit through a builder / managed trades. I appreciate the work involved... and currently work in the buiding industry, albeit on a consultancy / development role.
Does anyone have any standard house plans from any of the big developers that we could use (you could pm me)
I have plenty of copies of Homebuilding & Renovation magazine, and am currently playing with figures!
I have looked breifly at Buildstore Self Build Mortgages, but havn't really delved too much into detail.
Do you think self builidng in the current clime is a risk (thinking about final valuations etc for mortgaging?)
And does anyone have and plans that we could get an idea of room lay outs etc, as I dont really want to be using bespoke deisgns - off the shelf will suffice - I'm lucky enough not to have a demanding O/H!!)
Thanks
Adam
If you are going timber frame then the manufacturer will sort a lot of it out for you. Some do a full service including the planning application, bill of materials etc. I have used these guys in the past very successfully: http://www.neatwoodhomes.co.uk/
I have loads & loads of floorplans, however in all honesty I think its just as easy to look on something like carter jonas website which always have floorplans, save these into a folder, print off & pick the bits you like, etc to start putting together you're ideal home.
Then when you have any idea of what you're after, give it to a good architect to let him use his creativity.
Have you found the land as yet ?
Then when you have any idea of what you're after, give it to a good architect to let him use his creativity.
Have you found the land as yet ?
Adam
I'd also try it from the other perspective...
What do you want from your house?
How many bedrooms.. En-suites? Family bathroom?
How many reception rooms... Utility room?
Kitchen or kitchen diner?
Living over 2 floors or 3? Or possibly a basement?
Garage? Double Garage? Or more? Detached or attached? With workshop space, or upstairs?
Swimming pool?
What sort of materials do you want to build it from? i.e. woodframe or "traditional"?
etc... If you have a few "must have" points from above, note them down and then possibly consider the "would be nice to haves" and work from there..
I'd also try it from the other perspective...
What do you want from your house?
How many bedrooms.. En-suites? Family bathroom?
How many reception rooms... Utility room?
Kitchen or kitchen diner?
Living over 2 floors or 3? Or possibly a basement?
Garage? Double Garage? Or more? Detached or attached? With workshop space, or upstairs?
Swimming pool?
What sort of materials do you want to build it from? i.e. woodframe or "traditional"?
etc... If you have a few "must have" points from above, note them down and then possibly consider the "would be nice to haves" and work from there..
Be careful.
Many self-build mortgages are refusing to release the stage payments due to a combination of potential falling property value (i.e. potential negative equity) and overseas securities refusing to advance the cash to the lender. This has left a couple of people I know with serious problems, and they are high earners with healthy LTV and excellent credit ratings.
Other than that, good luck, it coould work out extremely well!
Many self-build mortgages are refusing to release the stage payments due to a combination of potential falling property value (i.e. potential negative equity) and overseas securities refusing to advance the cash to the lender. This has left a couple of people I know with serious problems, and they are high earners with healthy LTV and excellent credit ratings.
Other than that, good luck, it coould work out extremely well!
Do you already have land Adam? That's usually the killer for a lot of self builders.
http://www.scandia-hus.co.uk/
http://www.deesidetimberframe.com/
Are two of the many.... A local planning consultant is building a Scandia as his home, which must be some sort of recommendation.
Buildstore Mortgages are excellent, the big difference with them is the advance payments method. Admittedly you do pay for that, but it really eases cashflow.
http://www.scandia-hus.co.uk/
http://www.deesidetimberframe.com/
Are two of the many.... A local planning consultant is building a Scandia as his home, which must be some sort of recommendation.
Buildstore Mortgages are excellent, the big difference with them is the advance payments method. Admittedly you do pay for that, but it really eases cashflow.
Muzzlehatch said:
Be careful.
Many self-build mortgages are refusing to release the stage payments due to a combination of potential falling property value (i.e. potential negative equity) and overseas securities refusing to advance the cash to the lender. This has left a couple of people I know with serious problems, and they are high earners with healthy LTV and excellent credit ratings.
Other than that, good luck, it coould work out extremely well!
Where did you see that? I'd like to learn more. Many self-build mortgages are refusing to release the stage payments due to a combination of potential falling property value (i.e. potential negative equity) and overseas securities refusing to advance the cash to the lender. This has left a couple of people I know with serious problems, and they are high earners with healthy LTV and excellent credit ratings.
Other than that, good luck, it coould work out extremely well!
Edited by scotal on Monday 9th February 11:49
We took the leap for the same reasons back in July. We purchased some Land and off we went.
We actually still paid top dollar for the land and the entire cost came in at £350k. 2500 sq ft. 5 bed 4 bath with high quality fittings (Granite, Duravit bathrooms, underfloor heating, Bose Systems etc etc).
We are due to move in next week and have just had it valued at 450k - even in this market.
At the end of the day it's a home and if you can find your ideal location (which was 60% of our decision) and create the house the way you want within a reasonable budget then go for it. Any house could fall in value, better to be stuck in one you created!
We actually still paid top dollar for the land and the entire cost came in at £350k. 2500 sq ft. 5 bed 4 bath with high quality fittings (Granite, Duravit bathrooms, underfloor heating, Bose Systems etc etc).
We are due to move in next week and have just had it valued at 450k - even in this market.
At the end of the day it's a home and if you can find your ideal location (which was 60% of our decision) and create the house the way you want within a reasonable budget then go for it. Any house could fall in value, better to be stuck in one you created!
As an update, found some land that is classed as "x District Local Plan where the land is Policy Desdignation DL1 - designation will generally retsrict development oppertunities unless related to agriculture"
We would however plan on moving our horses their.
I'll update later, as I have a planning officer to call.
I have some thouhts already re; design / requirements etc
We would however plan on moving our horses their.
I'll update later, as I have a planning officer to call.
I have some thouhts already re; design / requirements etc
Right.
rang the planning department, and the estate agent. the land is for sale with a covenent, that basically if you ever managed to get planning permission, you would split the increase of value with the previous owner, and it is worth 10 time more with planning on than now - the estate agent told me so!!
The planner said I could write in with details of what I was thinknig and they would comment etc with if it would be a goer.
Just complicates things even more..
I think were going to look at the land, initially just for our horses to live on..
rang the planning department, and the estate agent. the land is for sale with a covenent, that basically if you ever managed to get planning permission, you would split the increase of value with the previous owner, and it is worth 10 time more with planning on than now - the estate agent told me so!!
The planner said I could write in with details of what I was thinknig and they would comment etc with if it would be a goer.
Just complicates things even more..
I think were going to look at the land, initially just for our horses to live on..
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