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An Introduction to self build

10. risk management

 

Risk management

A home is often the largest single expenditure a person has, and while there are considerable savings to be made by having a home built for you, taking advantage of these fully means not incurring unnecessary risk. The savings are so large that few, if any, would loose money, whatever they did. 

You reduce risk by a combination of things that might include

  • Having the club or someone to help you, this costs you something, but is recovered many times over in cost savings on the plot, in speeding things up and knowing what has to be done.

  • Controlling lost time and controlling your budget well.

  • Getting an architect to design your house, its a cost but usually an architect designed home is worth at least that much more.

  • Using a builder as a main contractor or package company to build the home for you. This is likely to cost 20% more, but you still have 20% of the discount left.

  • Using a project manager, costs probably around 15% of build cost, but should also save as much by trimming contracts and managing material loss and time on site, so little net cost.

  • Knowing what you want to do and making decisions and sticking to them.

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Building a dream
 holiday home

Perhaps eventually you will want to move on to build a holiday home in the UK or overseas. 

Building in another place, presents new challenges and risk to manage, ranging from the travel distance to see what is happening yourself to cultural, language and currency.

The Self Build Homes Club is an international club, we have many web sites, and more coming on line, with a site or collection of websites covering a country, projects and help to move ahead when you are ready.

So when you have built your new home you can also start to think about following it up with a holiday home as well.


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