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5 Reasons The Self-Build Market Is Booming

By Jamie Richardson | April 28, 2019
Home construction companies

It's no secret that the self-build market is on the rise, increasing at the rate of 6.25% per year, with more and more people deciding to go it alone and create their dream home. But why are more and more of us to be going down this route?

Let's look at some of the key reasons.

People Want To Have Something A Bit More Personalised

One of the best things about having the opportunity to build your own house from scratch is that you can personalise it as much as you want.

Have a look at some of these weird and wonderful self build creations. From raised houses to houses recessed into the land, you really can bring whatever you can imagine to life!

Increased Amount Of House-Build TV Shows

Shows like Extreme Makeover: Home Edition have become extremely popular, encouraging their viewers to pursue their dream and do what they see on TV.

These shows make building your dream home seem a bit like a game show and although they’re a bit unrealistic in terms of what you would normally be able to achieve in such a short time-frame, they do show the kinds of challenges a self-build might present to you.

You might not be able to completely renovate a house in a week, but building your own home is manageable!

Great Plots Becoming Available

With the rise of self-builds has come an increase in the number of plots available to build on. It’s become easier than ever to find the right one for you.

There are some great sites where you can check and compare the various development plots in the area and see what you might be able to get on your budget, what size of plot you need and how close the various amenities are.

People Are Tired Of Lack Of Variety

One thing that can be said for sure is that a lot of new build estates look the same, with very little variety between them.

With a self-build, one of the advantages is that you can create something that is very much your own. You get to decide on what you want and need. Prefer a big house and small garden? No problem. Smaller house and massive green space? You got it.

Affordability Of Self-Build Mortgages

Self-build mortgages are not nearly as punitive as they used to be. They used to represent a bigger risk to the bank, since a project going wrong could mean a non-sellable asset to put up against the loan.

With a self-build mortgage, the lender releases funds as various stages of the build are met. This means that more people than before can afford the self-build route.

Jamie is a 5-year freelance writer who enjoys real estate. He is currently a Realty Biz News Contributor.
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