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Lifestyle
The major benefit is undoubtedly the huge gain to your lifestyle that comes from being able to have an input in the design of your own home. Whether it’s a spacious “live-in” kitchen, a snug den, a granny flat or some private, sound-proofed teenager space …. only you know how you and your family want to live.
Estate Agents will tell you that the main topic of conversation when they are showing prospective purchasers around a house is what they are going to change. “We can gut the kitchen”, “We can add another bedroom on here”, “We can knock this wall down”. How strange it is that while contemplating the largest purchase of our life, we are dreaming of ways to pull bits down. How much more sensible and satisfying it is to do the knocking down on paper or on a computer screen … self build makes sense.
It makes good financial sense too.
It is often said that you will save money by self building but this is
misleading. The truth is that unless you are building a retirement home
and downsizing at the same time, most self builders do not end up with
money in the bank at the end of their self build for the simple reason
that the opportunities that open up when you decide to self-build are so
great. What you will have at the end of your project is generally a much
larger, more highly specified and more valuable house than you started
with.
And, of course, that gain in value is effectively “tax free”,
because any profit that you make on your principal residence is currently
exempt from Capital Gains Tax. So you end up with the home that you want,
the lifestyle that you want and a nice asset gain to reward all your efforts.
Our customers tell us that one of the greatest rewards of self building is the sense of personal achievement that they feel having created a new home for their family.
“There were frustrations and one or two tears but as we sit in our
garden looking at what we have done our pride and satisfaction is overwhelming”