Could Building Your Own Home Be Profitable? We Explore How To Make It Happen

Many people often dream of being in a position to build and create their own properties. The chance to design every aspect of the build from the floor plan to where cupboards and storage elements will be. It enables you to really design the home around you and your family and the lifestyle that you lead. However, many more people are turning this dream into a reality and in some cases it can turn out to be a really good financial decision to make. 

It might start off with you buying a plot of land, or perhaps a house that is need of renovation or repair but happens to sit in a great spot and location. It may sound like there is so much to do in terms expenditure with a building a house, and you will be right in thinking that you will need some money behind you to make it happen. I thought it would be worth exploring the process in a bit more detail, to help you understand that although it will take a big investment the rewards could be far greater. 

Finding the right spot

One of the first steps you need to take is to find the right location for your build project. It might be finding a plot of land in the perfect spot, or it could be that you find a very run down house that needs a lot of attention and could be built upon or knocked down so that you can start again. The right spot needs to be easily commutable for your workplace or schools for children as well as being close to shops. It is the same type of things you would consider when finding a house. 

Knowing the costs 

The next thing to think about would be the costs involved for the build process. Not only do you need to consider the cost for buying the plot, which may be mortgaged, you also need to think about how much it will take to create the house you want. You may want to spend some time getting as many quotes together as possible and presenting them to the place you are hoping to obtain the finance from, this is so you can ensure that you are converted and the investment in your project can be made. 

Having the relevant surveys done for planning permission

You also need to make sure that you have the relevant surveys done in order to get the right planning permission. The surveys will determine if there will be any issue or problem when it comes to the build and things like a measured building survey can really come in handy to help you get the relevant permission you need. You also need to get in touch with local councils to make sure that you can get what you want done. It may be a long drawn out process, but when it comes to the end it will be totally worth it to have the place exactly how you wanted it. 

Designing every aspect from interior to cupboard locations

The fun part is the actual designing of the interior. You get to think of every aspect of the design. The kitchen and where each of the cupboards will go. Perhaps including clever storage ideas for things like pans, having a walk in pantry for canned foods and appliances or even just specific cupboards with built in shelves for the likes of spices. The rest of the home could flow exactly how you want it to, bi-fold doors on the rear to bring the outside in, clever storage solutions to keep things tidy like shoes and coats or books. The options are endless and websites like Pinterest are always full of good inspiration. 

Making the property stand out 

You might also want to make the property itself a design feature. That might be done through the materials you use to make it, the big windows you have or even the eco-friendly and energy efficient approach to the build. Making the property stand out will also help improve the curb appeal of the street and location it resides in. 

The result 

So what is the end result? Apart from getting a house designed to your specification and taste, you also have a house that is possibly worth more than what you paid to have it built. This is why so many more people are considering this option for the future and as a way of long term investment. 

I hope this has inspired you to consider building your own home.