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Article > Grand Designs or Delusions of Grandeur?



Article kindly provided by Julie Ford

Hemel Landlord Property Network
www.hlpn.co.uk
07904 288188

 


With the TV programme Grand Designs now in its 13th Year it’s no surprise to learn that over 14,000 people a year are opting to build their own home, Yet our self-build industry still lags behind much of the rest of the world, with the opportunity to build your own home seen as something only for a select wealthy few.

Last year some of the country’s largest builders could not erect houses on the same scale as self-builders, Barratt could only manage 11,171 homes, whilst Taylor Wimpey only built 10,180.

With these figures giving an impressive total of 35,351 homes built in the last year, you’d be forgiven for wondering why we have a housing crisis at all, However Housing minister Grant Shapps feels there is still a need to raise this figure and help more people become self-builders.

A package of measures was launched at 10 Downing Street and Mr Shapps was joined by seasoned self-build expert and presenter of Grand Designs Kevin McCloud. It is hoped these new measures would, for the first time, enable anyone wanting to don a hard hat and build their own home to get the help, advice and support they need to get started, with an estimated budget of £150,000 being enough to self-build a three to four-bedroom home

As well as a new website giving help and advice, Mr Shapps claims to be working hard to identify more land for development and to reformed the planning rules to stop people’s aspirations getting tangled in red tape and helping the self-build industry to double in size over the next few years.

With the numbers of mortgages available set to rise by a massive 141%, there’s never been a better time for people to lay their own foundations. The new package of measures is designed to ensure anyone looking to build their own home gets the support they need.


It is estimated that more than half the UK population would like the opportunity to one day build their own homes, and around two million families are keen to get their projects off the ground in the very near future.

A new self-build portal will help self-builders figure out what, realistically, they can afford to build; it will explain how their budgets can go further if they team up with other would-be self-builders or do a portion of the work themselves, and it highlights the parts of the UK where it can be cheaper to find a site and construct a home.”

Kevin McCloud, whose ‘Grand Designs’ programme regularly features self-build projects that have gone way over budget, said: “I believe we can become a nation of self-builders.”

The claim that there will be a 141% rise in self-build mortgages was made in a Datamonitor report in January. However, the report also says that self-build mortgages would only account for 1% of all lending even after such growth.

 

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About the Author

Julie Ford runs the Hemel Landlord & Property Network

The network is predominately designed for landlords and property investors, we offer advice and guidance on all aspects of buying, selling, renting and managing your property, whether you are a 1st time landlord or a seasoned investor The Hemel Property Network has all the tools you need to help you make the most of your investment.

We meet Last Thursday of the Month, at 19:00 and encourage our guests to arrive early so that you can get to know your fellow property networkers.

 

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