Building your own home is one of the cheapest possible ways of getting your hands on your dream living space. Of course, you’ll need to have a much larger stash of savings to draw from, but in the long-term it will save you a lot of money. Today, we’re going to look at some the reasons why building your house is a very good idea for bargain hunters.
It’s All About You
Moving into a property might be easier than building it yourself, but you can create it exactly how you want it. Whether it’s the shape of the house, the number of bedrooms or garden space, the only thing holding you back is your imagination. There is a lot of help out there, whether you go for an enormous country home or a small city living space.
Seek out an architect, or find a company that offers home or bungalow house plans. You’ll be able to work with them to create a unique living space that is exactly how you want it. And, that’s going to save you money because you won’t have to spend on making expensive renovations in the future. It will be a perfect fit for you from the beginning.
You Can Go Green
Older homes tend to be less energy efficient than new builds. And, there are many things that you can incorporate into your home at the design stage that will save you money in the future. Solar panels, modern insulation techniques and sustainable materials will help the environment. And, of course, your bank account.
In fact, it is possible to become entirely self-sufficient if you want it. There’s even a chance that you could end up getting paid for the electricity you use if you have solar panels. It’s also a lot cheaper than you might think. Check out these fantastic little homes that were built for less than $20,000. Sure, they are small, but scaling them a little to suit your needs could be more affordable than buying an existing home of similar size.
It’s a Sound Investment
Not all self-build homes will return what you initially paid, of course. However, if you choose the right location, then there’s no reason you can’t achieve a handsome profit when selling on. The average self-build house is worth 25% more than the costs of building it when it is complete. That is not a bad figure to be playing with, and if you can create something exceptional, there’s plenty of opportunity for an even higher return. As long as you keep on top of the cost of materials, you can create something unique, with added value.
Try getting in touch with plumbing supply companies for cheaper parts. You could also investigate your local area and look for anyone doing refurbishments. Perhaps they are replacing a kitchen, and you could take it off their hands? If you are prepared to embrace simplicity, it can be financially rewarding.
Tapestry: $49 via Urban Outfitters
So, do you think you have what it takes to build your own home? Or have you tried your hand at it already? Let us know in the comments section below and share your tips!
I think you’d really like the blog “Frugalwoods”. It talks a bit about the same things. I put the link to their blog below. Enjoy!