If you’re looking for an alternative to renting, self-build homes are a great option. Self-builds usually cost around PS500,000 and are an excellent investment. According to Homebuilding & Renovating magazine, a self-build is worth PS500,000 on average. However, the price you will pay will depend on your financial situation. You may have saved for years or received a generous inheritance, but either way, you’ll need a significant cash sum.
Self-build projects can take longer than planned. It may be better to live in an existing home while the build is underway. This will minimise disruption and will still provide a comfortable living environment. However, you must bear in mind the costs involved and the distance to your plot. You can also save money by living in a caravan.