FIND A SUITABLE PLOT
Starting a self-build is one of the most challenging parts for most. If we were in your shoes, the first thing we would do is find a plot. This can be done in a few ways. Websites like Plotfinder can be useful tools. Estate agents that deal with plots of land can also be used. Even speaking to people local to your desired area, such as farmers, can help identify potential plots.
The definition of ‘plot’ can vary in different countries, but we like to define it as designated land used for the purpose of building. Purchasing a plot is one thing, but purchasing a plot that is well suited to local planning policies is what’s most important. People often have the misconception that they can buy anywhere and be able to build on it. This is not the case. Additionally, paying attention to settlement boundaries and local planning policy is going to save you a headache later on.
Plans for all new developments that need planning permission are made public by your local council, and you can review these applications on their website to see if someone has attempted to build on your proposed plot before.
Once you’ve started to identify plots for your project, it’s time to put your investigative hat on and start assessing the ground conditions. This can be done prior to purchase or can be put into a purchase agreement. A legal advisor could provide further information on this. If you’re building on good soil with good ground bearing strata, you’re going to have lower construction costs.
Looking for more information on finding a suitable plot and avoiding costly mistakes? Check out our recent Self Build Hour webinar session with Allan Corfield where we discussed just that!
PLAN OUT A BUDGET
Now comes the next step in your self-build preparation, working out how much you want to spend. Money is a sensitive topic in any context, but it’s time to start thinking about where the funding for the project is going to come from.
When it comes to forming your budget the most important aspect is knowing what your limits are. There are a lot of moving parts when it comes to your construction budget. No matter how prepared you are, there are certain variables that you cannot control.
When approaching a self-build architect, you should be ready to provide them with a construction cost limit. This number is what they will design from, but it does not include the cost of professional fees.
A full self-build features more than just an architect. Engineers, surveyors and builders are a few examples of contractors you will need throughout the project.
In terms of external contractors, it may be worthwhile to bring a Quantity surveyor on board. Their job is to estimate and control the costs of your build by using their expert knowledge of the construction industry. This added expense could save you a lot in the long run.
If you’re worried about costs or a sudden change of circumstances, then phasing your project can be an ideal solution. This works to break your project down into smaller, more manageable stages. This takes some strain off your finances but will increase the length of your project.
“The one thing I would say about creating a self-build budget is that it’s always going to be a little bit more than you think it's going to be”.
- Rachael O’Donnell, Chartered ArchitectPrefabricated kits are a great build method for self-builders, as they can be thrown up quickly while providing reliable airtightness and structural integrity. In terms of cost, you are given a quote for the kit before you make the decision on your build method. Keep in mind that this quote has a period of validity.
Material prices can fluctuate in a matter of weeks, and you’ll usually have to get a secondary estimate once your production drawings and details have been added.
When you're signing on for materials that your contractor is buying in, there is usually a percentage allowed for increases. This is something to pay attention to when you're agreeing to terms. This should be checked over by a legal advisor.
To keep the best eye on cost, make sure to get the correct professionals involved. Your self-build architect may provide assistance on a variety of topics, but they are not Quantity surveyors or Project managers.
These professions exist for a reason, and they are there to keep your costs clear-cut and under control. There’s nothing wrong with rolling up your sleeves and getting involved, but make sure to have the right team behind you when you do.
For more information on choosing a self-build architect for your project, click here.
MAKE TIME FOR YOUR PROJECT