The best place to start is to do some research. Homebuilding & Renovating's 2017 study suggests that the average build cost for self-builders is £1,248/m2 and the good news was that the average equity generated by building your own home was 29%.
The trust is that these figures were derived from a study of builds ranging from straight forward boxes to complex highly bepose properties and therefore some caution is needed before you can simply adopy these figures.
In terms of your personal requirements, a good way to work out your budget is to take a walk around the homes at our self-build show centre. Ask yourself, is this the type of house I want to live in and how would I personalise it to suit me and my family? Once you have figured out a size and style of home that suits, you can then adjust our guide figures to incorporate the personal feaurs and specification that you reuqire in your home.
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Initially, the adjustment might take the form of adding a bit here and there to the costs we show because you want a more expensive bath or particular shelving system in your walk-in wardrobe.
It's an unavoidable truth that putting together a budget to build your home is a tricky task as every family will have their own unique set of desires and requirements that influence cost. Until the design for your home has been developed and until you have decided upon a route to completion you can only work with generalities and previous examples.
To illustrate this a little, some people will want a high end very bespoke kitchen and others will be happy with something more modestly priced purchased from a series of standard components. For some, a staircase is a functional thing that enables you to move from upstairs to downstairs but for others it is an opulent piece of furniture, essential in creating a spectacular entrance to their new home.
Other things impacting on costs include:
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