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The Growing Popularity of Self Builds

Posted on July 10, 2023 by Ron Reginal

Self builds offer people the opportunity to obtain their dream home at a reasonably affordable price. Because of this, increasing numbers of people are turning from property development towards pursuing self build projects.

The new trend in self builds is really a direct consequence of rising property prices and housing supply shortages. Indeed, there's been an enormous decline in commercial house building because the 1970s, that your government has tried to solve by setting a target of 3.8 million new homes by 2021.

Many folks are addressing this issue by deciding to create their very own houses instead of relying on what's available on the prevailing market.

There certainly are a number of benefits of self builds. Lower costs and top quality are between the key benefits. Typically, individuals who self build save between 20 and 30% of the home price. Furthermore, self build houses are usually of a higher specification and so are designed with better quality building materials than existing properties.

On top of the, you certainly do not need to cover VAT on self builds. This may represent a substantial cost saving considering the VAT which are paid on building work, fixtures and fittings.

Self builds could be both financially and personally rewarding in order that by the end of a project you're left with an increase of money in to your pocket as well as your dream home to call home in.