The idea of living in your own house is tempting, but few people can imagine what it entails. It\’s important to have your finances sorted out, and since the vast majority of people today have to build a house using a mortgage, it\’s essential to get yours sorted early so that you don\’t have to wait for finance. No one is going to hold the land for you for long. So if you want to build, and maybe with your own help, make sure you plan everything well. Young people, in particular, try to build a house on their own. This is, of course, mainly for financial reasons. People simply need to save where they can, because there is no money to spare.
People often choose self-build, but it is not suitable for everyone and it can slow down the building process. Some people prefer to renovate an old house because finding land is quite a problem nowadays. But what if renovating an old house is similarly challenging? While building a new house has the advantage that you literally start from scratch and make everything the way you want it, with renovation you are limited by the shape of the building or the land, which can be very narrow. It\’s not easy to find an older building to renovate either, as they are also in increasing demand due to the shortage of building plots.
Old houses can be tricky in that you can rarely tell in advance that it is in good condition and you know that you will not have to demolish all or part of the house and that it will be sufficient if you do a new roof, floors, plastering and wiring for electricity, water, waste and possibly gas. Often renovating an older house is more challenging in that you never know exactly what you are getting into, because even if you get the house inspected by experts, it may hold unpleasant secrets that you can\’t figure out in advance. This is also something to take into account when considering buying an old house for renovation. But it can definitely be a better solution than searching for a plot for years – old houses can be bought quite easily.