CJ1967

Here's the bottom line: I'm 54 years old with Parkinson's; my wife's 53 years old with M.S; my daughter's 21 years old at Uni. We're currently living in a 1970's house inherited from my parents worth between £350,000 and £400,000. We want to downsize for two main reasons: 1) to release as much cash from the property as we can; and 2) to have a new home that's future proofed for our needs e.g. wider doorways for wheelchair access; no stairs; etc. I'm not wanting an older house as it may require more maintenance etc. I've searched for new build bungalows and have found them few and far between. So I started looking at self build. WIth our health problems, we wouldn't want to project manage the build ourselves; so I've looked at companies like Scotframe., and Norscot who build and manage for you. We'd only new a 2 or 3 bedroom bungalow. The kits are around £50,000. Build cost is around £100,000. And there's the plot on top of that. (And probably lots of other things I haven't considered.) We'd like to be within an hours drive of Edinburgh as my daughter is at Uni; and my wife and I attend a Parkinson's/MS clinic in Edinburgh too. Here's my basic question: Am I crazy to consider a self build?

Hi, I'm looking to downsize to a new build. I'm looking to get my head around how to fund it, buying a plot, timescales etc. And pitfalls to look out for. Thanks