If you want a challenge and you want to really live your dreams, it might be time to take on building your own home. It will be a lot of hard work, and it will take time, but that’s a positive thing – building something for future generations that you can create with your own hands thanks to the freedoms and choices you can have and make. It’s exciting, and it means you are completely in control. Here are some of the reasons it could be exactly what you need to do right now.
Better Value
Buying a house is an expensive process, and there is no getting away from that. However, there is a big difference in cost between buying a house and building one. Remember, when you buy a property, you aren’t just paying for the walls and roof and everything within it – you are also paying arrangement fees, realtor fees, broker fees, taxes, and plenty more. You might roll everything into one price, but in the end, you are paying for a lot more than ‘just’ a home.
When you build a home, you can keep better control of what you are spending and get far better value for money. There will be fewer fees to pay, if any, and it might even be that you can build something bigger than you would ever be able to buy. It is certainly worth checking out the calculations to determine what can be done.
No Mortgage
Not everyone is able to get a mortgage. This might be due to past credit problems, for example, which happens to a far greater proportion of the population than you might think. Whatever the reason, or perhaps you simply don’t like the idea of having to borrow a vast sum of money and pay it back over decades, if you build your own home, the need for a mortgage is reduced, or even negated altogether.
That doesn’t mean that building a home is going to be cheap, and you will probably still have to borrow in order to fund your dream, but the cost won’t be as high as it would if you borrowed money for a mortgage, and that means it will be paid off a lot sooner. This is ideal if you want to retire early, for example, or if you want to travel or put your children through college, or do anything else with the money you will be saving in this way. You can also put some of the money you save towards hiring excellent historical architects to help you achieve your dream home.
It’s Good for You
Building something from nothing and creating an entirely new home is good for you. It will give you a great sense of achievement and will show you that you can do anything if you put your mind to it. No matter whether you are doing the work yourself or you are engaging another building firm to do it for you, the idea was yours from the start, and that is exciting and fulfilling.
You are providing somewhere beautiful and unique for you and your family to live, and you are the architect of it all. That is something very special indeed, and you should be proud of yourself; no wonder a self-build is known to be good for the soul.
