House building

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Tim
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A ~14acre plot of land near my house has come up for sale. It's currently a field but there are houses further along the road in both direction. This got me thinking/dreaming about buying it and building a house, then selling the left over land.
Has anyone here built their own home (or had it built, I'm not talking DIY!) or been involved with one? What sort of costs are we talking for say a 5 bedroom house? Are there good ways of financing the build?
 
Budget at least £1000 per sq metre.

There are a number or self build forums out there. I've had a quick look into it but then the land we were after got sold. So bought a renovation project to cut our teeth on
 
I'm not very clued up about buying/building houses because I got given my house through work lol, but a good childhood friend of mine is a joiner and he's currently building his own house. I remember him saying that he couldn't get a mortgage on it till it was at least 50% built, which would mean you'd have to find a way to fund it until that point.

Correct me if I'm wrong though because I could have miss understood him.
 
you need to check if there is any availably planning permission, it may be grazing only etc.
 
Start here

http://www.planningportal.gov.uk/wp...neboqKgIAGUwqho!/dl3/d3/L2dBISEvZ0FBIS9nQSEh/

Which will guide you through the planning process

From the size of plot you mention I would say it may be agricultural land and not zoned for housing.

If it was it would possibly have gone to auction. 14 acres is capable of holding a lot of houses...

Your local authority may have a local area plan or 'vision' statement for the district. Local library (if there is one still) or LA planning office may hel you on that.

Persevere it can be worth it.

As for building cost I think this may help

http://www.homebuilding.co.uk/advice/costs/ultimate-costs-survey

Contingency for the 2 I have done was always add 25% on and remember if it is out in the wild tbe connections to services can be extortionate....

Professional project management even for a self build is worth the extra expense. Does not need to be full time and ours saved us enough cash to pay for the service and a bit more. Headed off problems and local contacts with the LA and builders/trades was invaluable.

It is nice to have something built the way you want it and can be cheaper than local estate builds but practical cost control beats the heart's desires. The £1200 do it all boiling and chiller tap may be a desire but save £1100 with a good alternative till a later date.

S
 
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Get this book.

phb.jpg


http://www.amazon.co.uk/Practical-House-Building-Manual-Self-builder/dp/095152951X


Steve.
 
CaveDweller said:
I'm not very clued up about buying/building houses because I got given my house through work lol, but a good childhood friend of mine is a joiner and he's currently building his own house. I remember him saying that he couldn't get a mortgage on it till it was at least 50% built, which would mean you'd have to find a way to fund it until that point.

Correct me if I'm wrong though because I could have miss understood him.
Click to expand...

You usually won't get a mortgage till the property is water tight I.e roof, doors and windows an even then it'll usually only be a shell value. Funding for the land and the initial building outlay will have to come from you or another source.
Deffo do your research if your going down this route as it's very quick and easy to lose everything
 
pitkin2020 said:
You usually won't get a mortgage till the property is water tight I.e roof, doors and windows an even then it'll usually only be a shell value. Funding for the land and the initial building outlay will have to come from you or another source.
Deffo do your research if your going down this route as it's very quick and easy to lose everything
Click to expand...
That's the one! I knew it was something along those lines I just couldn't remember what he said exactly.
 
I think it will remain dreaming....As said if it has planning permission it will be worth a lot and developers have already earmarked it. If it has a current dwelling on it, it most likely will remain for it current use and you may have to earn your living off the land....Only one way to find out...planning department...
 
thats the thing if it has planning permission the value soars but you obviously know you can build on it so the risk is lower. Finding land without it will be cheaper but then its a gamble. There are ways around it though if you look hard enough, as above earning a living off the land usually goes along to way towards being able to build on the land hence the springing up of alpaca farms everywhere!!!
 
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