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Building The Dream


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Just watched the latest instalment 

Two financial analysts 

While they didn’t know much about building they new all about finance and budgeting 

Original budget was 280k Finished at 400k With a compromise on some of the more expensive items 

 

It does show that you need to be very careful when first estimating 

Especially with time and Labour

costs 

 

In the search for our second plot 

We recently visited a plot in a beautiful spot local to us 

The owner showed us round 

He stated that he wasn’t open to offers as he knows the builds final worth 

He then told us the his Architect had told him That 110k would build a four bed home 

Of course kitchen and landscaping would be on top of that 

We hadn’t mentioned that We had spent £830 M2 building a five bed 283 M2 home Doing most of the work ourselves 

 

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Pretty much every week this series the budgets have been absurd.

 

Also even when they tell you the final cost I am very suspicious that they exclude things like professional fees.

 

Most weeks this year people have theoretical large amounts of equity, yet most people here find that it is unlikely you can buy a piece of land and build a house for much less than it is worth unless you do large amounts of work yourself. I could see some people making equity, but the average result seems out of whack with reality.

 

 

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I am also watching Grand Designs Australia.

 

The last one, the building inspector picked up the formwork for the pool was 50mm outside the building envelope.  I would be mighty pissed off if my BI was that much of a jobsworth.  The pool being 50mm out of place would have made no difference at all.

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28 minutes ago, AnonymousBosch said:

Well Gary, if you two can't do it at rock bottom prices,  nobody can.

Ha ha Ian 

 

The problem most of us face when a plot 

Not you You lucky bugger owning the land

Is the seller has had an estate agent round telling them a 4 bed will be worth 650k ish Land 200 and then an Architect will tell them it will cost x number of pounds 

Leaving a massive profit for the Self builder 

I think in the current climate most would be happy with a bespoke home at a break even price 

 

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And which one was it where they finished off a couple of internal wall by fixing random non matching bits of old wood?  I said to SWMBO "That's what I could have done with all those pallets"  The abbreviated version of her reply was "no"

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8 minutes ago, ProDave said:

And which one was it where they finished off a couple of internal wall by fixing random non matching bits of old wood?  I said to SWMBO "That's what I could have done with all those pallets"  The abbreviated version of her reply was "no"

That’s the one 

Beautiful oak frame 

Looked like kitchen units where made of pallets 

Tin roof instead of Slate 

No double sided wood burner 

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1 minute ago, AnonymousBosch said:

My wife just smiled

(code for appalled  - on some days - only just starting to learn which ?)

Mine has a "don't you even think of doing that" look.

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Never understood the bit with the finances at the start and end.

 

Charlie always mentioned you have saved £x.

 

Surely if your building the dream then you have no intention of selling.

 

I prefer that show where they build for £100k.

 

 

 

 

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7 minutes ago, Thedreamer said:

I prefer that show where they build for £100k.


Totally agree, people ask me how much ours is worth and I reply “no idea and I don’t care cus I ain’t selling”.

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Worse than that is when somebody says you are so 'lucky' on your self build.

 

Yes, I'm so glad that I read that Daily Mail article about the property being raffled!

 

For me, m2 square or total build cost is irrelevant, I'm interested to know how much does it cost to live here each month. I wouldn't want to self build a massive great house with a low m2 if I had to service a huge mortgage debt forever. What would happen if I lost my job, somebody else lives in my dream?

 

I want to achieve somewhere between £500-£600 a month for mortgage, utilities and council tax. 

 

 

 

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13 minutes ago, Thedreamer said:

Worse than that is when somebody says you are so 'lucky' on your self build.

...

 

+ 1 Billion.

I appreciate the priviledge: we had our application accepted - our neighbour refused (at Appeal).  People who emphasise luck may wellI think, be referring to their  fantasy of what self-building could be. 

 

 

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