Why Bother
You save 40% on average sometimes more, so for
example a £200,000 house is obtained for £120,000. We have seen homes
built recently for well under £50,000.
Many people have a home larger and nicer than
they could normally afford.
Many who could not get a mortgage for a home in
their area due to mortgage multiples and salary limits, will be able to
with the lower cost.
Some build a series of homes, soon having no mortgage
and becoming very wealthy.
You have the home that you like, not something
that will sort of do.
You will feel great, what an achievement, and its fun
too.
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Example.
House value in area £200,000.
Self build at 40% less so for £120,000
Immediate equity £80,000
You could move in for a while, sell it and
pocket the £80,000 tax free, not bad for about a years fun part
time.
How much a year do you think you would have
to earn working to end up with £80,000 after tax, NI and other
costs?
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