So what are the benefits of self build?
Firstly, you can end up with a truly unique home designed around you, adding all the latest technology, revolutionary features and even be sustainable helping the environment. Even the novice designer will have an opportunity to tailor their new home, from setting out their floorplan, specifying their kitchen and bathroom fittings all the way to choosing the soft furnishings.
Then there are the cost benefits. Building your own home can be a more affordable way to provide a family home. There are considerable savings for the self-builder on stamp duty, build costs and fitting out. Under the self-build scheme, stamp duty is only payable on the price of the land and not on the full build cost. So for a house with an end value of £400,000, this can generate savings in duty of around £12,000, depending on the price of the plot. You could on average save up to 30% on the market value.
Other countries are well ahead of the UK in the number of homes which are self and custom built when compared to housing built by regular developers.