Pitfalls Of Building Your Own Home
It can be scary as well as exciting building your own home, this blog outlines some of the pitfalls of building your own home.
Fear
When you think about building your own home there is always a fear about the costs involved. How far could they spiral out of control as a result of lack of knowledge and experience.
You don’t want to have to pay for extra services and be constantly. It is timely to constantly compare pricing and quotes to ensure that you get the best price possible.
Most people who opt for building their own home have a variety of reasons for doing so. The most common reason is that you want a house that reflects who you are. One that suits your lifestyle and family needs.
You are probably only going to do this once and so it’s more important than just buying an existing house. It takes more courage and consideration than scanning the market for a ready built house.
Reassurance
Most self build clients are seeking predictability and reassurance from the suppliers that will help them like their builders and plumbers. Unfortunately, that is not always a certainty.
You need decent advice on what everything will cost. So that you have the peace of mind in knowing that your home will be designed and built within a set budget. One that you can afford to finish it properly and kit it out to the standard that you had in mind when you started and not panic about the finishing touches that make it your home.
Trust in Trades
One of the biggest issues clients face when they decide to build their own home is being ‘ripped off’. Either by their builders or any other of the suppliers that they choose to use.
They’re also worried about getting value for money. That runs the risk of ending up with a home that costs less than current market value.
Risk
There is always some risk involved in building your own home or extending your current home. But you want to be able to manage the process comfortably and enjoy the creative process. It is important to do that without thinking too much about watching who does what with your money.
In some cases building your own home is akin to risking almost everything you have. It affects your state of mind. In terms of future security, investment and the happiness of your family. You don’t want to end up with a house that is either too expensive to build or where you end up with one that is lacking.
Extra Finance
No one wants to take out extra finance half way through a house build either. In some cases self builders have been left having to live in a half finished project why they attempt to sell it to recoup their losses due to bad management of the project. A nasty thought.
There are many pitfalls to building your own home but the satisfaction of moving in once the project is complete to specification and within budget is huge!
CLPM have a Quantity Surveying team who can manage your budget from the outset. You will then know you can afford your project,
If not, the QS team can undertake value engineering to trim some of the budget down to meet your expectations.
What can you do?
Appoint a Project Manager
Employing a project management company to plan your build from the beginning and liaise on your behalf is a sure way to get the house you always dreamed of. On time and on budget.
A project manager forms the link between you and the suppliers. So that if and when things get a little ‘heated’ you don’t have to explode or have it affect your home life. You’ll be aware of the ‘hidden’ costs and transparency will help you deal with the build in a more relaxed manner.
Sourcing and comparing costs is another issue that a project management team will handle for you ensuring that you get the best quality and the right products for your house build.
If you want to know more about project management for your residential build, speak to Charlie. It doesn’t cost anything to talk.
